Two-Family Home with
For Sale
$599,999
62 Arnold Street, Staten Island, NY 10301
Residential Income, Staten Island, NY
Property Size1,240 SF
Lot Size0.06 Acres
Price / SF$483.87
Days on Market11
Property Features for 62 Arnold Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking features
On Street, Off Street
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
New Brighton
Standard status
Active
APN
00234-0096
Size
1,240 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4354
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Window Unit(s)
Amenities
private patio
washer/dryer
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
Weichert Realtors Truhomes
(718) 673-8602
Listed By:
Tayla Palase
(646) 465-1990
Added: Sep 21
Changed: Sep 30
Last Checked: Oct 1 at 6:06PM
MLS# 2605361
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 1950 brick duplex is configured as a single-family residence, with three bedrooms, living and dining areas, an eat-in kitchen, and three bathrooms. The finished basement has high ceilings, a separate front entrance, and its own washer and dryer. A legal two-family certificate of occupancy supports the property’s duplex classification. The home contains 1,240 square feet on a 0.0569-acre lot and is zoned R3-2.
A private patio connects to park trails along the property’s border with Cottages Hill / New Brighton Park. The detached garage accommodates two cars and offers additional storage. Heating is hot water fueled by natural gas; cooling is provided by window units. Public sewer serves the property.
A private patio connects to park trails along the property’s border with Cottages Hill / New Brighton Park. The detached garage accommodates two cars and offers additional storage. Heating is hot water fueled by natural gas; cooling is provided by window units. Public sewer serves the property.
Key Highlights
- Legal two‑family home, currently arranged for single‑family use
- 1,240‑square‑foot residence on a 0.0569‑acre lot
- Three bedrooms and three bathrooms
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
$30,837
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
5.14%
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%
$616,740
$616.7K
Cap Rate 7%
$440,529
$440.5K
Cap Rate 9%
$342,633
$342.6K
Market Conditions
NOI Build-Up for 1,240 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
$46.1K $37.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$44.1K $35.53/SF
− OpEx
−$13.2K −$10.66/SF
NOI
$30.8K $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%
$616,740
Cap Rate 7%
$440,529
Cap Rate 9%
$342,633
Alternative Uses
Best Use
Multifamily LT 5
$440.5K
$385.5K – $514.0K
NOI $30,837 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$392.8K
$343.7K – $458.3K
NOI $27,498 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$591.7K
$517.7K – $690.3K
NOI $41,416 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,052
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Check the figures for this property
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 - A finished basement, separate entrance, and detached garage add flexible space to this brick residence.
Where is this duplex located?
The property is located at 62 Arnold Street Staten Island, NY.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Legal two‑family home, currently arranged for single‑family use; 1,240‑square‑foot residence on a 0.0569‑acre lot; Three bedrooms and three bathrooms
