Duplex with Finished
For Sale
$599,000
61 Cortlandt St, Staten Island, NY 10302
The property includes 1,668 square feet of space and sits on a tree-lined block near transportation.
Property Size1,668 SF
Price / SF$359.11
Days on Market17
Property Features for 61 Cortlandt St
General Information
Standard status
Active
Size
1,668 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,503
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gamaliel Cardona
(347) 361-1830
Source:
Exprealty
Added: Oct 21
Changed: Nov 5
Last Checked: Nov 4 at 6:30PM
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 Homes R Us Realty of NY, Inc.
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Investment Insights
Based on property information with market context.
This duplex contains 1,668 square feet and includes a finished attic used as living space. The basement is unfinished and may be converted to finished space.
The home is on a tree-lined block near transportation.
The home is on a tree-lined block near transportation.
Key Highlights
- 1,668 square feet of property space
- Finished attic provides additional living space
- Basement offers the possibility of conversion to finished space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,480
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,600
$829.6K
Cap Rate 7%
$592,571
$592.6K
Cap Rate 9%
$460,889
$460.9K
Market Conditions
NOI Build-Up for 1,668 SF
Gross rent
$62.0K $37.20/SF
− Vacancy
−$2.8K −$1.67/SF
EGI
$59.3K $35.53/SF
− OpEx
−$17.8K −$10.66/SF
NOI
$41.5K $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 Rate 5%
$829,600
Cap Rate 7%
$592,571
Cap Rate 9%
$460,889
Alternative Uses
Best Use
Multifamily LT 5
$592.6K
$518.5K – $691.3K
NOI $41,480 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$528.4K
$462.4K – $616.5K
NOI $36,990 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$795.9K
$696.4K – $928.5K
NOI $55,712 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,904
Businesses Nearby
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Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property includes 1,668 square feet of space and sits on a tree-lined block near transportation.
Where is this duplex located?
The property is located at 61 Cortlandt St Staten Island, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,668 square feet of property space; Finished attic provides additional living space; Basement offers the possibility of conversion to finished space
