Two-Family Side-Hall Colonial with
For Sale
$1,329,000
Pending
51 Petersons Lane, Staten Island, NY 10309
MULTI_FAMILY - Staten Island, NY
Property Size2,604 SF
Lot Size0.13 Acres
Days on Market146
Property Features for 51 Petersons Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Carport, On Street, Off Street
Patio and Porch features
Deck
Fencing
Fenced
Basement
Apartment, Full
Lot features
Back Yard
Subdivision
Pleasant Plains
Standard status
Pending
APN
6975-22
Size
2,604 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
11130
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
oak floors
radiant heat
9-foot ceilings
deck with solar lighting
family room with fireplace
saltwater pool
vaulted ceilings
private side entrance
5-zone heating and central air
Building Details
Year built
2005
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Linda Hunt
(718) 702-7242
Added: Mar 16
Changed: Aug 2
Last Checked: Aug 8 at 1:06AM
MLS# 2601328
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
51 Petersons Lane is a legal two-family side-hall colonial on a 41x140 lot on a quiet block. Built in 2005 with brick construction, the home features oak floors throughout and first-floor living space with 9' ceilings. The first floor includes a living room/dining room combination, a powder room, a large island kitchen with sliders to a Trex deck with solar lighting, and a family room with a fireplace. Radiant heat is provided in the bathroom and kitchen.
Down to the basement, there are sliders to a full pavered yard and a saltwater pool. A built-in garage is configured as two stories. On the second floor, there are four large bedrooms, a full shared bath, and a convenient washer/dryer location, with the primary bedroom offering vaulted ceilings and a large 4-piece ensuite. There is also a private side entrance to a one-bedroom apartment.
Additional systems include a sprinkler system and 5 zone heating with central air. Parking includes a carport plus on-street and off-street options, and sewer service is public. Zoning is R3X.
Down to the basement, there are sliders to a full pavered yard and a saltwater pool. A built-in garage is configured as two stories. On the second floor, there are four large bedrooms, a full shared bath, and a convenient washer/dryer location, with the primary bedroom offering vaulted ceilings and a large 4-piece ensuite. There is also a private side entrance to a one-bedroom apartment.
Additional systems include a sprinkler system and 5 zone heating with central air. Parking includes a carport plus on-street and off-street options, and sewer service is public. Zoning is R3X.
Key Highlights
- Legal two‑family side‑hall colonial on a 41x140 lot
- Trex deck with solar lighting and sliders from the kitchen
- Saltwater pool with basement sliders to a full pavered yard
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
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
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 - Legal two-family side-hall colonial with oak floors and a Trex deck with solar lighting overlooking the yard.
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 two‑family side‑hall colonial on a 41x140 lot; Trex deck with solar lighting and sliders from the kitchen; Saltwater pool with basement sliders to a full pavered yard
