Vacant Two-Family Duplex with
For Sale
Contact for pricing
Pending
53 Luke Court, Staten Island, NY 10306
Two separate residences and finished lower-level space offer flexible occupancy options.
Property Size2,366 SF
Lot Size0.06 Acres
Days on Market59
Property Features for 53 Luke Court
General Information
Standard status
Pending
Size
2,366 SF
Lot size
0.06 Acres
Property subtype
Multifamily
Zoning
R3-2
Building Details
Year Built
1986
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Tom Crimmins Realty, Ltd.
Listed By:
Ross Buxbaum · License #40BU1069624
(718) 619-7976
Source:
Crexi
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 23 at 6:09AM
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 vacant duplex contains two distinct residences, each arranged with 2 bedrooms and 1 bathroom. The property also includes a full finished basement with an additional bathroom and a separate side entrance, creating flexible space for recreation, extended-family use, or a home office. Any additional living accommodations would remain subject to required approvals and applicable zoning and building requirements.
The property occupies a 25 x 113 lot totaling 2,825 sq. ft. It was built in 1986 and is located in Staten Island, NY 10306. R3-2 zoning supports the property's two-family configuration as described in the listing information.
The property occupies a 25 x 113 lot totaling 2,825 sq. ft. It was built in 1986 and is located in Staten Island, NY 10306. R3-2 zoning supports the property's two-family configuration as described in the listing information.
Key Highlights
- Two vacant 2‑bedroom, 1‑bathroom units
- Full, finished basement with an additional bathroom
- Basement includes a convenient side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,100
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,202,000
$1.2M
Cap Rate 7%
$858,571
$858.6K
Cap Rate 9%
$667,778
$667.8K
Market Conditions
NOI Build-Up for 2,366 SF
Gross rent
$90.9K $38.40/SF
− Vacancy
−$5.0K −$2.11/SF
EGI
$85.9K $36.29/SF
− OpEx
−$25.8K −$10.89/SF
NOI
$60.1K $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%
$1,202,000
Cap Rate 7%
$858,571
Cap Rate 9%
$667,778
Alternative Uses
Best Use
Multifamily LT 5
$858.6K
$751.3K – $1.00M
NOI $60,100 @ 7.0% cap · market cap 8.59%
Second Best
Apartment 5plus
$762.9K
$667.6K – $890.1K
NOI $53,405 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.13M
$987.8K – $1.32M
NOI $79,025 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
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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 separate residences and finished lower-level space offer flexible occupancy options.
Where is this duplex located?
The property is located at 53 Luke Court Staten Island, NY.
What is the asking price?
The asking price for this property is $699,500.
What are key features of this property?
This property features: Two vacant 2‑bedroom, 1‑bathroom units; Full, finished basement with an additional bathroom; Basement includes a convenient side entrance
