Four-Unit Duplex
For Sale
$1,399,000
Pending
53-55 Luke Ct, Staten Island, NY 10306
Two vacant homes combine established residential layouts with basement space and separate side entrances.
Property Size4,742 SF
Days on Market68
Property Features for 53-55 Luke Ct
General Information
Standard status
Pending
Size
4,742 SF
Property subtype
Multi-Family
Building Details
Year Built
1986
Listing Agency:
Tom Crimmins Realty, Ltd.
Listed By:
Ross Buxbaum · License #40BU1069624
(718) 619-7976
Source:
Statenislandhomelistings
Added: Aug 12
Changed: Oct 1
Last Checked: Oct 16 at 9:26AM
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 Tom Crimmins Realty, Ltd.
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Investment Insights
Based on property information with market context.
This offering includes two separate duplex homes conveyed together, with four existing legal units in total. Each residence contains two 2-bedroom, 1-bathroom apartments, and all units are currently vacant. The buildings provide 4,742 square feet of property size and were built in 1986.
The home at 53 Luke Court occupies a 25 x 113 lot and includes a full finished basement with an additional bathroom and side entrance. The residence at 55 Luke Court sits on a 21 x 118 lot and has a full, high-and-dry unfinished basement with its own side entrance. Combined lot area is approximately 5,303 square feet. The properties are located on Luke Court in Staten Island, New York, and are being sold together.
The home at 53 Luke Court occupies a 25 x 113 lot and includes a full finished basement with an additional bathroom and side entrance. The residence at 55 Luke Court sits on a 21 x 118 lot and has a full, high-and-dry unfinished basement with its own side entrance. Combined lot area is approximately 5,303 square feet. The properties are located on Luke Court in Staten Island, New York, and are being sold together.
Key Highlights
- Four existing legal units across two separate duplex homes
- Each home contains two 2‑bedroom, 1‑bathroom units
- 53 Luke Court: 25 x 113 lot with full finished basement and additional bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,454
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,409,080
$2.4M
Cap Rate 7%
$1,720,771
$1.7M
Cap Rate 9%
$1,338,378
$1.3M
Market Conditions
NOI Build-Up for 4,742 SF
Gross rent
$182.1K $38.40/SF
− Vacancy
−$10.0K −$2.11/SF
EGI
$172.1K $36.29/SF
− OpEx
−$51.6K −$10.89/SF
NOI
$120.5K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,409,080
Cap Rate 7%
$1,720,771
Cap Rate 9%
$1,338,378
Alternative Uses
Best Use
Multifamily LT 5
$1.72M
$1.51M – $2.01M
NOI $120,454 @ 7.0% cap · market cap 8.61%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.78M
NOI $107,036 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,384 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant homes combine established residential layouts with basement space and separate side entrances.
Where is this duplex located?
The property is located at 53-55 Luke Ct Staten Island, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four existing legal units across two separate duplex homes; Each home contains two 2‑bedroom, 1‑bathroom units; 53 Luke Court: 25 x 113 lot with full finished basement and additional bathroom
