Brick Duplex with Finished
For Sale
$1,388,888
521 Steuben Street, Staten Island, NY 10305
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size2,250 SF
Lot Size0.10 Acres
Price / SF$617.28
Days on Market8
Property Features for 521 Steuben Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 6
Parking features
Carport, Driveway
Patio and Porch features
Deck
Interior features
Ceiling Fan(s)
Basement
Full, Apartment
Lot features
Front Yard, Back Yard
Subdivision
Grasmere
Standard status
Active
APN
3036-1
Size
2,250 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
10441
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Wall Unit(s)
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Leor Mizrahi
(718) 668-2550
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 24 at 8:06AM
MLS# 2604631
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.
This 2,250-square-foot Colonial duplex contains two three-bedroom apartments, each with one full bathroom. Interior features include oak cabinetry, updated bathrooms, hardwood flooring, split-unit air conditioning, ceiling fans, and move-in-ready finishes. The full basement has a separate entrance, summer kitchen, multiple windows, and an individual electric meter, providing additional apartment-style space.
The property occupies a 0.1033-acre corner lot and includes a driveway, carport, and deck. Building systems include three electric meters, newly upgraded 200 Amp electrical panels, forced-air furnaces, natural-gas service, Navien tankless water heaters, wall-unit cooling, and public sewer. The R3-1-zoned property was built in 1960 and is located near the Verrazzano-Narrows Bridge, Staten Island Expressway, Hylan Boulevard, the Boardwalk and beach, public transportation, schools, and shopping.
The property occupies a 0.1033-acre corner lot and includes a driveway, carport, and deck. Building systems include three electric meters, newly upgraded 200 Amp electrical panels, forced-air furnaces, natural-gas service, Navien tankless water heaters, wall-unit cooling, and public sewer. The R3-1-zoned property was built in 1960 and is located near the Verrazzano-Narrows Bridge, Staten Island Expressway, Hylan Boulevard, the Boardwalk and beach, public transportation, schools, and shopping.
Key Highlights
- 2,250‑square‑foot Colonial duplex on a 0.1033‑acre corner lot
- Two apartments, each with 3 bedrooms and 1 full bathroom
- Full finished basement with separate entrance and summer kitchen
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
$59,074
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
4.25%
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%
$1,181,480
$1.2M
Cap Rate 7%
$843,914
$843.9K
Cap Rate 9%
$656,378
$656.4K
Market Conditions
NOI Build-Up for 2,250 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
$91.8K $40.80/SF
− Vacancy
−$7.4K −$3.29/SF
EGI
$84.4K $37.51/SF
− OpEx
−$25.3K −$11.25/SF
NOI
$59.1K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$1,181,480
Cap Rate 7%
$843,914
Cap Rate 9%
$656,378
Alternative Uses
Best Use
Multifamily LT 5
$843.9K
$738.4K – $984.6K
NOI $59,074 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$776.4K
$679.4K – $905.9K
NOI $54,351 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.07M
$939.4K – $1.25M
NOI $75,151 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 three-bedroom apartments include renovated baths, hardwood floors, and split-unit air conditioning.
Where is this duplex located?
The property is located at 521 Steuben Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,388,888.
What are key features of this property?
This property features: 2,250‑square‑foot Colonial duplex on a 0.1033‑acre corner lot; Two apartments, each with 3 bedrooms and 1 full bathroom; Full finished basement with separate entrance and summer kitchen
