Two-Family Residential Income
For Sale
Contact for pricing
Pending
53 Erika Loop, Staten Island, NY 10312
Well-maintained two-family home with a 3-bedroom, 3-bath main unit and an oversized 1-bedroom second unit.
Property Size2,285 SF
Days on Market58
Property Features for 53 Erika Loop
General Information
Standard status
Pending
Size
2,285 SF
Property subtype
Multifamily
Zoning
R3-2
Additional Details
Multifamily Units
2
Building Details
Year Built
2001
Stories
2
Units
2
Listing Agency:
Homes R US Realty Of NY Inc
Listed By:
Gennady (Gary) Papirov · License #NY
(917) 856-2012
Source:
Crexi
Added: Jul 9
Changed: Aug 8
Last Checked: Jul 29 at 3:43PM
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 Homes R US Realty Of NY Inc
Investment Insights
Based on property information with market context.
53 Erika Loop is a spacious, well-maintained two-family residence within a private development. The main unit offers three bedrooms and three bathrooms, along with a 1-car garage, hardwood floors, large windows, and an open-concept layout that’s designed for natural light. The oversized kitchen includes granite countertops and stainless steel appliances.
The ground-level second unit provides an oversized one-bedroom apartment, offering flexible options for rental income or additional living space. The property is conveniently located near schools, transportation, shopping, restaurants, and parks.
With two separate units and a total layout built for comfortable living, this home is positioned as a straightforward owner-occupied or investment two-family asset in the South Shore area of Staten Island.
The ground-level second unit provides an oversized one-bedroom apartment, offering flexible options for rental income or additional living space. The property is conveniently located near schools, transportation, shopping, restaurants, and parks.
With two separate units and a total layout built for comfortable living, this home is positioned as a straightforward owner-occupied or investment two-family asset in the South Shore area of Staten Island.
Key Highlights
- Well‑maintained 2‑family home built in 2001 in a private South Shore development
- Approximately 2,285 SF of living space with a main unit featuring 3 bedrooms, 3 bathrooms, and an open‑concept layout
- Main unit includes hardwood floors, large windows, and a 1‑car garage
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
$56,464
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
6.64%
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%
$1,129,280
$1.1M
Cap Rate 7%
$806,629
$806.6K
Cap Rate 9%
$627,378
$627.4K
Market Conditions
NOI Build-Up for 2,285 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
$87.7K $38.40/SF
− Vacancy
−$7.1K −$3.10/SF
EGI
$80.7K $35.30/SF
− OpEx
−$24.2K −$10.59/SF
NOI
$56.5K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,129,280
Cap Rate 7%
$806,629
Cap Rate 9%
$627,378
Alternative Uses
Best Use
Multifamily LT 5
$806.6K
$705.8K – $941.1K
NOI $56,464 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$709.7K
$621.0K – $828.0K
NOI $49,677 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.09M
$954.0K – $1.27M
NOI $76,320 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
363
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home with a 3-bedroom, 3-bath main unit and an oversized 1-bedroom second unit.
Where is this duplex located?
The property is located at 53 Erika Loop Staten Island, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 2001 in a private South Shore development; Approximately 2,285 SF of living space with a main unit featuring 3 bedrooms, 3 bathrooms, and an open‑concept layout; Main unit includes hardwood floors, large windows, and a 1‑car garage
