Two-Family Colonial With
For Sale
Contact for pricing
571 Rockaway Street, Staten Island, NY 10307
1999-built duplex with a four-bedroom primary residence, one-bedroom apartment, and finished outdoor entertaining area.
Property Size3,240 SF
Price / SF$393.52
Days on Market16
Property Features for 571 Rockaway Street
General Information
Standard status
Active
Size
3,240 SF
Property subtype
Multifamily
Zoning
R3A
Units
Unit Mix
4BR, 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
custom exterior lighting
pavers
zoned sprinkler system
heated in ground pool
Building Details
Year Built
1999
Buildings
1
Stories
2
Units
2
Construction
center hall colonial
Listing Agency:
DiTommaso Real Estate
(917) 648-5279
Listed By:
Kathleen Barzal · License #40BA1047347
Source:
Crexi
Added: Aug 7
Changed: Aug 22
Last Checked: Aug 22 at 3:43PM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
Built in 1999, this two-family center hall colonial includes a four-bedroom primary residence and a one-bedroom apartment. The property also features a backyard designed for outdoor use, with pavers, custom exterior lighting, a zoned sprinkler system, and a heated in-ground pool.
The home is located at 571 Rockaway Street in the Tottenville section of Staten Island, with nearby access to the beach, transportation, and the Historic Conference House. R3A zoning is identified for the property.
The home is located at 571 Rockaway Street in the Tottenville section of Staten Island, with nearby access to the beach, transportation, and the Historic Conference House. R3A zoning is identified for the property.
Key Highlights
- Two‑family center hall colonial with a four‑bedroom primary residence
- One‑bedroom apartment included
- Heated in‑ground pool with backyard entertaining area
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
$80,573
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
6.32%
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%
$1,611,460
$1.6M
Cap Rate 7%
$1,151,043
$1.2M
Cap Rate 9%
$895,256
$895.3K
Market Conditions
NOI Build-Up for 3,240 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
$120.5K $37.20/SF
− Vacancy
−$5.4K −$1.67/SF
EGI
$115.1K $35.53/SF
− OpEx
−$34.5K −$10.66/SF
NOI
$80.6K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,611,460
Cap Rate 7%
$1,151,043
Cap Rate 9%
$895,256
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,573 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$1.03M
$898.1K – $1.20M
NOI $71,850 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,217 @ 7.0% cap · market cap 8.49%
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
406
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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 - 1999-built duplex with a four-bedroom primary residence, one-bedroom apartment, and finished outdoor entertaining area.
Where is this duplex located?
The property is located at 571 Rockaway Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Two‑family center hall colonial with a four‑bedroom primary residence; One‑bedroom apartment included; Heated in‑ground pool with backyard entertaining area
