Two-Family Home with
For Sale
Contact for pricing
65 Pond Street, Staten Island, NY 10309
Duplex property with a separate studio or one-bedroom space, custom finishes, and private outdoor amenities.
Property Size1,611 SF
Price / SF$545.62
Days on Market23
Property Features for 65 Pond Street
General Information
Standard status
Active
Size
1,611 SF
Total Parking Spaces
3
Property subtype
Multifamily
Zoning
R3X
Units
Unit Mix
3BR, studio/1BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
in-ground pool
Building Details
Year Built
1999
Buildings
1
Stories
2
Units
2
Listing Agency:
Red Door Realty Group
(718) 987-3667
Listed By:
Desiree Cannuci · License #1040129428
Source:
Crexi
Added: Aug 2
Changed: Aug 14
Last Checked: Aug 24 at 6:45PM
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 Red Door Realty Group
Investment Insights
Based on property information with market context.
This 1999 two-family duplex offers a main residence with an elevated layout, custom finishes, a large eat-in kitchen, and high ceilings. The home includes 3 bedrooms, an attached garage, and an additional family room that separates the residences while adding usable living space. A separate oversized studio or one-bedroom area provides added flexibility, while the in-ground pool and 3-car driveway extend the property’s functional amenities.
Located at 65 Pond Street in Staten Island, the property carries R3X zoning and is positioned near shopping, transportation, and major highways. The configuration combines a substantial primary residence with a separate smaller living area within one two-family property.
Located at 65 Pond Street in Staten Island, the property carries R3X zoning and is positioned near shopping, transportation, and major highways. The configuration combines a substantial primary residence with a separate smaller living area within one two-family property.
Key Highlights
- Two‑family duplex configuration with an attached garage and additional family room
- Main residence includes 3 bedrooms, an eat‑in kitchen, high ceilings, and custom finishes
- Separate oversized studio or one‑bedroom living area
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
$40,063
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
4.56%
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%
$801,260
$801.3K
Cap Rate 7%
$572,329
$572.3K
Cap Rate 9%
$445,144
$445.1K
Market Conditions
NOI Build-Up for 1,611 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
$59.9K $37.20/SF
− Vacancy
−$2.7K −$1.67/SF
EGI
$57.2K $35.53/SF
− OpEx
−$17.2K −$10.66/SF
NOI
$40.1K $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%
$801,260
Cap Rate 7%
$572,329
Cap Rate 9%
$445,144
Alternative Uses
Best Use
Multifamily LT 5
$572.3K
$500.8K – $667.7K
NOI $40,063 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$510.4K
$446.6K – $595.4K
NOI $35,726 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$768.7K
$672.6K – $896.8K
NOI $53,808 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Duplex property with a separate studio or one-bedroom space, custom finishes, and private outdoor amenities.
Where is this duplex located?
The property is located at 65 Pond Street Staten Island, NY.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Two‑family duplex configuration with an attached garage and additional family room; Main residence includes 3 bedrooms, an eat‑in kitchen, high ceilings, and custom finishes; Separate oversized studio or one‑bedroom living area
