Renovated Duplex with
New
For Sale
$1,399,000
65 Oak Ln, Staten Island, NY 10312
Two residential units include updated kitchens, baths, separate access, and flexible bedroom configurations.
Property Size3,120 SF
Lot Size0.16 Acres
Days on Market3
Property Features for 65 Oak Ln
General Information
Standard status
Active
Size
3,120 SF
Total Parking Spaces
7
Lot size
0.16 Acres
Property subtype
Multi Family
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,315
Amenities
pool
laundry area
Building Details
Building Size
3,120 SF
Year Built
1984
Buildings
1
Stories
2
Listing Agency:
Bergen Basin Realty
Listed By:
Catherine Favara
(718) 787-4110
Source:
Elliman
Added: Sep 9
Last Checked: Sep 11 at 9:56AM
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 Bergen Basin Realty
Investment Insights
Based on property information with market context.
This duplex at 65 Oak Ln in Staten Island sits on a 50 x 142 lot within a private community lane. The owner’s split-level residence includes a granite kitchen with a 6' x 3' island, open living and dining areas, three bedrooms, a master suite with an 8' x 8' walk-in closet, two additional bathrooms, laundry space, and an entertainment room. The renovated basement adds two bedrooms, a living room, and a bathroom. A 4' x 26' terrace extends from the primary bedroom toward the pool.
The second residence has a bedroom that could accommodate a second sleeping room, along with a living room, kitchen, bathroom, and private side entrance. Exterior improvements include a 16' x 32' pool, six-car private driveway, one-car garage, new garage door, roof, and siding. Additional updates include upgraded electric, life-proof flooring, a new heating unit, and two new hot water tanks. The home was built in 1984.
The second residence has a bedroom that could accommodate a second sleeping room, along with a living room, kitchen, bathroom, and private side entrance. Exterior improvements include a 16' x 32' pool, six-car private driveway, one-car garage, new garage door, roof, and siding. Additional updates include upgraded electric, life-proof flooring, a new heating unit, and two new hot water tanks. The home was built in 1984.
Key Highlights
- Two‑family duplex on a 50x142 lot at 65 Oak Ln, Staten Island, NY 10312
- Owner’s split‑level residence features a 6' x 3' kitchen island and 8' x 8' walk‑in closet
- 4' x 26' terrace overlooks the 16' x 32' pool
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
$77,098
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
5.51%
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%
$1,541,960
$1.5M
Cap Rate 7%
$1,101,400
$1.1M
Cap Rate 9%
$856,644
$856.6K
Market Conditions
NOI Build-Up for 3,120 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
$119.8K $38.40/SF
− Vacancy
−$9.7K −$3.10/SF
EGI
$110.1K $35.30/SF
− OpEx
−$33.0K −$10.59/SF
NOI
$77.1K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,541,960
Cap Rate 7%
$1,101,400
Cap Rate 9%
$856,644
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$963.7K – $1.28M
NOI $77,098 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$969.0K
$847.9K – $1.13M
NOI $67,830 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,209 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 residential units include updated kitchens, baths, separate access, and flexible bedroom configurations.
Where is this duplex located?
The property is located at 65 Oak Ln Staten Island, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑family duplex on a 50x142 lot at 65 Oak Ln, Staten Island, NY 10312; Owner’s split‑level residence features a 6' x 3' kitchen island and 8' x 8' walk‑in closet; 4' x 26' terrace overlooks the 16' x 32' pool
