Two-Unit Duplex
For Sale
$765,000
Pending
555 Van Duzer St, Staten Island, NY 10304
Tenant-occupied property with a private side entrance and multi-level layouts across both residential units.
Property Size2,713 SF
Days on Market635
Property Features for 555 Van Duzer St
General Information
Standard status
Pending
Size
2,713 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
2005
Buildings
1
Listing Agency:
Red Door Realty Group
Listed By:
Luljete Hakaj · License #10401303604
(917) 588-3535
Source:
Statenislandhomelistings
Added: Dec 9, 2024
Changed: Aug 30
Last Checked: Aug 31 at 5:45PM
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 Red Door Realty Group
Investment Insights
Based on property information with market context.
This 2,713-square-foot duplex, built in 2005, contains two residential units with distinct layouts. The primary unit includes a large living room, eat-in kitchen, formal dining room, half bathroom, three bedrooms, two full bathrooms, and substantial closet space. Its lower levels include a split basement and sub-basement with backyard access, while the attic features high ceilings. The second residence has a private side entrance and a split-level arrangement with living and dining areas, an eat-in kitchen, half bathroom, two bedrooms, and a full bathroom.
The property includes a three-car driveway and is currently tenant occupied. Express buses, the Staten Island Ferry, and the Verrazano Bridge are minutes away, providing access to nearby transportation connections and regional routes.
The property includes a three-car driveway and is currently tenant occupied. Express buses, the Staten Island Ferry, and the Verrazano Bridge are minutes away, providing access to nearby transportation connections and regional routes.
Key Highlights
- Two residential units within a 2,713‑square‑foot duplex
- Primary unit includes 3 bedrooms and 2 bathrooms
- Second unit has a private side entrance, 2 bedrooms, and 1 full bathroom
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
$67,040
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
8.76%
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%
$1,340,800
$1.3M
Cap Rate 7%
$957,714
$957.7K
Cap Rate 9%
$744,889
$744.9K
Market Conditions
NOI Build-Up for 2,713 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
$67.0K $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%
$1,340,800
Cap Rate 7%
$957,714
Cap Rate 9%
$744,889
Alternative Uses
Best Use
Multifamily LT 5
$957.7K
$838.0K – $1.12M
NOI $67,040 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$877.7K
$768.0K – $1.02M
NOI $61,439 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,615 @ 7.0% cap · market cap 11.85%
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
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied property with a private side entrance and multi-level layouts across both residential units.
Where is this duplex located?
The property is located at 555 Van Duzer St Staten Island, NY.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Two residential units within a 2,713‑square‑foot duplex; Primary unit includes 3 bedrooms and 2 bathrooms; Second unit has a private side entrance, 2 bedrooms, and 1 full bathroom
