Two-Unit Colonial
For Sale
$699,500
Pending
55 Luke Court, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size2,376 SF
Lot Size0.06 Acres
Days on Market49
Property Features for 55 Luke Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1
Parking features
Driveway
Basement
Unfinished, Full
Lot features
Front Yard, Back Yard
Subdivision
Richmond Town
Standard status
Pending
APN
04478-0220
Size
2,376 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7322
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Ross Buxbaum · License #40BU1069624
(718) 619-7976
Added: Aug 25
Changed: Oct 10
Last Checked: Oct 12 at 7:06PM
MLS# 2604807
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 vacant duplex contains two distinct residential units, each arranged with two bedrooms and one bathroom. The Colonial-style property was built in 1986 and measures 2,376 square feet. A full unfinished basement provides additional interior space, while the side entrance supports separate access to that level. Central air, forced-air natural gas heat, vinyl siding, stone construction, and a driveway are included.
The home occupies a 21 x 118 lot totaling 2,478 square feet, or 0.0569 acres. It is served by public sewer and carries R3-2 zoning. The property at 55 Luke Court is being sold together with 53 Luke Court as a package, with both properties conveyed together.
The home occupies a 21 x 118 lot totaling 2,478 square feet, or 0.0569 acres. It is served by public sewer and carries R3-2 zoning. The property at 55 Luke Court is being sold together with 53 Luke Court as a package, with both properties conveyed together.
Key Highlights
- Two separate 2‑bedroom, 1‑bathroom units
- 2,376 square feet on a 2,478‑square‑foot lot
- Full unfinished basement with side entrance
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant duplex with separate residences, unfinished basement space, driveway parking, and central air conditioning.
Where is this duplex located?
The property is located at 55 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 separate 2‑bedroom, 1‑bathroom units; 2,376 square feet on a 2,478‑square‑foot lot; Full unfinished basement with side entrance
