Vacant Two-Family
For Sale
$699,500
Pending
55 Luke Ct, Staten Island, NY 10306
Two independent residential units sit above a full unfinished basement with a separate side entrance.
Property Size2,376 SF
Days on Market69
Property Features for 55 Luke Ct
General Information
Standard status
Pending
Size
2,376 SF
Property subtype
Multi-Family
Building Details
Year Built
1986
Buildings
2
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 9:10AM
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 1986-built duplex contains two vacant residential units, each configured with two bedrooms and one bathroom. The property also includes a full, high-and-dry unfinished basement accessed from the side, providing additional space for storage or future buildout. The lot measures 21 by 118 feet, totaling 2,478 square feet.
The sale includes 55 Luke Court together with 53 Luke Court as a package, with both properties conveyed together. The existing two-family layout and vacancy provide flexibility for residential occupancy or leasing, subject to applicable requirements.
The sale includes 55 Luke Court together with 53 Luke Court as a package, with both properties conveyed together. The existing two-family layout and vacancy provide flexibility for residential occupancy or leasing, subject to applicable requirements.
Key Highlights
- Two vacant units, each with 2 bedrooms and 1 bathroom
- Full high‑and‑dry unfinished basement with side entrance
- 21 x 118 lot totaling 2,478 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,354
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,080
$1.2M
Cap Rate 7%
$862,200
$862.2K
Cap Rate 9%
$670,600
$670.6K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$91.2K $38.40/SF
− Vacancy
−$5.0K −$2.11/SF
EGI
$86.2K $36.29/SF
− OpEx
−$25.9K −$10.89/SF
NOI
$60.4K $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%
$1,207,080
Cap Rate 7%
$862,200
Cap Rate 9%
$670,600
Alternative Uses
Best Use
Multifamily LT 5
$862.2K
$754.4K – $1.01M
NOI $60,354 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$766.2K
$670.4K – $893.9K
NOI $53,631 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$1.13M
$992.0K – $1.32M
NOI $79,359 @ 7.0% cap · market cap 11.35%
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent residential units sit above a full unfinished basement with a separate side entrance.
Where is this duplex located?
The property is located at 55 Luke Ct 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 units, each with 2 bedrooms and 1 bathroom; Full high‑and‑dry unfinished basement with side entrance; 21 x 118 lot totaling 2,478 sq. ft.
