Pleasant Plains Two-Family
For Sale
Contact for pricing
Pending
51 Petersons Lane, Staten Island, NY 10309
Two-family home with a pool and many upgrades.
Property Size2,604 SF
Lot Size0.13 Acres
Days on Market162
Property Features for 51 Petersons Lane
General Information
Standard status
Pending
Size
2,604 SF
Lot size
0.13 Acres
Property subtype
Multifamily
Zoning
R3X
Building Details
Year Built
2005
Stories
2
Units
2
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Linda Hunt · License #40HU1039849
Source:
Crexi
Added: Mar 17
Changed: Aug 8
Last Checked: Jul 24 at 6:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
Located on a quiet block in Pleasant Plains, this legal two-family side hall colonial is situated on a well-maintained 41x140 lot. The home features oak floors throughout and radiant heat in the bathroom and kitchen. The first floor includes 9-foot ceilings, a living room/dining room combo, a powder room, and a large island kitchen with sliders to a Trex deck with solar lighting overlooking the yard. A family room with a fireplace is also located on the first floor. The built-in garage is two stories. The basement has sliders to a full pavered yard and saltwater pool. The second floor features four large bedrooms, a full shared bath, and a convenient washer/dryer location. The primary bedroom has vaulted ceilings and a large four-piece ensuite. There is a private side entrance to a one-bedroom apartment. Additional features include a sprinkler system and a five-zone heating and central air system. The property size is 2,604 square feet.
Key Highlights
- Legal 2‑family home with a private side entrance to a one‑bedroom apartment.
- Enjoy the saltwater pool and full pavered yard accessible from the basement.
- Large island kitchen with sliders to a Trex deck featuring solar lighting.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,757
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,295,140
$1.3M
Cap Rate 7%
$925,100
$925.1K
Cap Rate 9%
$719,522
$719.5K
Market Conditions
NOI Build-Up for 2,604 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$96.9K $37.20/SF
− Vacancy
−$4.4K −$1.67/SF
EGI
$92.5K $35.53/SF
− OpEx
−$27.8K −$10.66/SF
NOI
$64.8K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,295,140
Cap Rate 7%
$925,100
Cap Rate 9%
$719,522
Alternative Uses
Best Use
Multifamily LT 5
$925.1K
$809.5K – $1.08M
NOI $64,757 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$824.9K
$721.8K – $962.4K
NOI $57,746 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,974 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with a pool and many upgrades.
Where is this duplex located?
The property is located at 51 Petersons Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $1,329,000.
What are key features of this property?
This property features: Legal 2‑family home with a private side entrance to a one‑bedroom apartment.; Enjoy the saltwater pool and full pavered yard accessible from the basement.; Large island kitchen with sliders to a Trex deck featuring solar lighting.
