Updated Duplex with Separate
For Sale
$808,900
Pending
61 Middle Loop Rd, Staten Island, NY 10308
Two-level home offers a private lower living area with its own entrance and flexible household separation.
Property Size2,080 SF
Days on Market168
Property Features for 61 Middle Loop Rd
General Information
Standard status
Pending
Size
2,080 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Tom Crimmins Realty, Ltd.
Listed By:
Shi Xiao Min · License #10401316611
(718) 370-3200
Source:
Statenislandhomelistings
Added: Mar 21
Changed: Sep 2
Last Checked: Sep 2 at 6:40PM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
This 2,080-square-foot duplex, built in 1970, is arranged across two distinct living levels. The upper floor includes three bedrooms, a living room, kitchen, and full bathroom. A separate lower-level area adds one bedroom, one bathroom, living space, and private entry points from the side and backyard, creating a practical mother-daughter configuration.
Major work completed in 2025 includes the roof, windows, gutters, boiler, and hardwood flooring throughout. Kitchen, bathroom, and HVAC improvements were completed within the last 7 years. Central heating and cooling is supported by a two-zone HVAC system serving both levels. The property is near shopping, restaurants, public transportation, and express bus service.
Major work completed in 2025 includes the roof, windows, gutters, boiler, and hardwood flooring throughout. Kitchen, bathroom, and HVAC improvements were completed within the last 7 years. Central heating and cooling is supported by a two-zone HVAC system serving both levels. The property is near shopping, restaurants, public transportation, and express bus service.
Key Highlights
- 2,080 SF duplex on a 20' extra‑wide semi
- Upper level includes 3 bedrooms, living room, kitchen, and full bath
- Lower level has 1 bedroom, 1 bath, living area, and private side and backyard access
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
$51,726
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
6.39%
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%
$1,034,520
$1.0M
Cap Rate 7%
$738,943
$738.9K
Cap Rate 9%
$574,733
$574.7K
Market Conditions
NOI Build-Up for 2,080 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
$77.4K $37.20/SF
− Vacancy
−$3.5K −$1.67/SF
EGI
$73.9K $35.53/SF
− OpEx
−$22.2K −$10.66/SF
NOI
$51.7K $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%
$1,034,520
Cap Rate 7%
$738,943
Cap Rate 9%
$574,733
Alternative Uses
Best Use
Multifamily LT 5
$738.9K
$646.6K – $862.1K
NOI $51,726 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$658.9K
$576.6K – $768.8K
NOI $46,126 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$992.5K
$868.4K – $1.16M
NOI $69,472 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
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 - Two-level home offers a private lower living area with its own entrance and flexible household separation.
Where is this duplex located?
The property is located at 61 Middle Loop Rd Staten Island, NY.
What is the asking price?
The asking price for this property is $808,900.
What are key features of this property?
This property features: 2,080 SF duplex on a 20' extra‑wide semi; Upper level includes 3 bedrooms, living room, kitchen, and full bath; Lower level has 1 bedroom, 1 bath, living area, and private side and backyard access
