Spacious Two-Family
For Sale
$768,000
Pending
551 Van Duzer St, Staten Island, NY 10304
Two-family, four-level home with separate entrances, split-level second unit, and a walk-out lower level with backyard access.
Property Size2,714 SF
Days on Market160
Property Features for 551 Van Duzer St
General Information
Standard status
Pending
Size
2,714 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2005
Stories
4
Listing Agency:
Martino Realty Group
Listed By:
Joseph Scuteri
(917) 597-2706
Source:
Statenislandhomelistings
Added: Apr 8
Changed: Sep 9
Last Checked: Sep 13 at 12:18PM
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 Martino Realty Group
Investment Insights
Based on property information with market context.
This spacious two-family, four-level residence offers more than 2,700 square feet of living space with two distinct units. The main unit spans four levels and includes a large living room, formal dining room, eat-in kitchen, and a half bath. Upstairs, it features 3+ bedrooms, ample closet space, and two full baths, and the attic includes high ceilings with potential for additional living space. The walk-out lower level includes a split basement and sub-basement with backyard access.
The second unit has a private side entrance and split-level layout. Its upper floor includes a living and dining area, eat-in kitchen, and a full bath, while the lower level provides three bedrooms.
Additional property features include a three-car driveway. The property is currently tenant occupied and positioned just minutes from express buses, the Staten Island Ferry, and the Verrazano Bridge.
The second unit has a private side entrance and split-level layout. Its upper floor includes a living and dining area, eat-in kitchen, and a full bath, while the lower level provides three bedrooms.
Additional property features include a three-car driveway. The property is currently tenant occupied and positioned just minutes from express buses, the Staten Island Ferry, and the Verrazano Bridge.
Key Highlights
- Two‑family, four‑level home built in 2005 with over 2,700 SF of living space
- Main unit spans four levels with a large living room, formal dining room, eat‑in kitchen, and a half bath
- Main unit includes 3+ bedrooms and two full baths; attic has high ceilings and potential for additional living space
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
$67,065
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
8.73%
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%
$1,341,300
$1.3M
Cap Rate 7%
$958,071
$958.1K
Cap Rate 9%
$745,167
$745.2K
Market Conditions
NOI Build-Up for 2,714 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
$104.2K $38.40/SF
− Vacancy
−$8.4K −$3.10/SF
EGI
$95.8K $35.30/SF
− OpEx
−$28.7K −$10.59/SF
NOI
$67.1K $24.71/SF
Area
ZIP 10304
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%
$1,341,300
Cap Rate 7%
$958,071
Cap Rate 9%
$745,167
Alternative Uses
Best Use
Multifamily LT 5
$958.1K
$838.3K – $1.12M
NOI $67,065 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$878.0K
$768.3K – $1.02M
NOI $61,462 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,648 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-family, four-level home with separate entrances, split-level second unit, and a walk-out lower level with backyard access.
Where is this duplex located?
The property is located at 551 Van Duzer St Staten Island, NY.
What is the asking price?
The asking price for this property is $768,000.
What are key features of this property?
This property features: Two‑family, four‑level home built in 2005 with over 2,700 SF of living space; Main unit spans four levels with a large living room, formal dining room, eat‑in kitchen, and a half bath; Main unit includes 3+ bedrooms and two full baths; attic has high ceilings and potential for additional living space
