Brick Duplex with Private
New
For Sale
$950,000
612 Arlene Street, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size2,538 SF
Lot Size0.14 Acres
Price / SF$374.31
Days on Market5
Property Features for 612 Arlene Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 1
Parking features
Driveway
Patio and Porch features
Patio, Deck
Pool private
1
Interior features
Ceiling Fan(s)
Lot features
Back Yard
Subdivision
New Springville
Standard status
Active
APN
02145-0130
Size
2,538 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8756
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
pool
deck
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Nancy Pezzolla
(917) 860-5961
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 18 at 3:06AM
MLS# 2605163
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family ranch property provides 2,538 square feet of interior space on a 0.1435-acre lot. The main residence includes three bedrooms, an eat-in kitchen, living and dining rooms, a family room or office, a Florida room, laundry area, attic storage, and oak flooring beneath existing carpeting. A separate street-level three-room apartment adds flexibility, with its own driveway access. Brick and vinyl siding, forced-air natural gas heat, and central air conditioning support the building’s core functionality.
Outdoor improvements include a private pool, deck, patio, and a landscaped backyard setting suited to gatherings and seasonal use. The property is located near shopping, Staten Island Mall, restaurants, schools, parks, and local and express bus service. Public sewer serves the property, and R3X zoning is identified for the site.
Outdoor improvements include a private pool, deck, patio, and a landscaped backyard setting suited to gatherings and seasonal use. The property is located near shopping, Staten Island Mall, restaurants, schools, parks, and local and express bus service. Public sewer serves the property, and R3X zoning is identified for the site.
Key Highlights
- 2,538 SF two‑family ranch property on a 0.1435‑acre lot
- Separate street‑level 3‑room apartment with private driveway
- Private pool, deck, patio, and landscaped backyard
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
$69,223
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
7.29%
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%
$1,384,460
$1.4M
Cap Rate 7%
$988,900
$988.9K
Cap Rate 9%
$769,144
$769.1K
Market Conditions
NOI Build-Up for 2,538 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
$103.6K $40.80/SF
− Vacancy
−$4.7K −$1.84/SF
EGI
$98.9K $38.96/SF
− OpEx
−$29.7K −$11.69/SF
NOI
$69.2K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,384,460
Cap Rate 7%
$988,900
Cap Rate 9%
$769,144
Alternative Uses
Best Use
Multifamily LT 5
$988.9K
$865.3K – $1.15M
NOI $69,223 @ 7.0% cap · market cap 7.29%
Second Best
Apartment 5plus
$917.0K
$802.4K – $1.07M
NOI $64,189 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,770 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family ranch property with a separate street-level apartment, private driveway, outdoor entertaining areas, and central air conditioning.
Where is this duplex located?
The property is located at 612 Arlene Street Staten Island, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,538 SF two‑family ranch property on a 0.1435‑acre lot; Separate street‑level 3‑room apartment with private driveway; Private pool, deck, patio, and landscaped backyard
