Detached Two-Family
For Sale
$849,000
65 Saint Stephens Pl, Staten Island, NY 10306
Two apartments are complemented by attic, basement, and backyard space.
Property Size2,156 SF
Lot Size0.10 Acres
Price / SF$393.78
Days on Market34
Property Features for 65 Saint Stephens Pl
General Information
Standard status
Active
Size
2,156 SF
Lot size
0.10 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Revolution Realty Group
(718) 938-0662
Listed By:
Salvatore Taormina · License #10301210276
Source:
Statenislandhomelistings
Added: Jul 30
Changed: Aug 31
Last Checked: Aug 31 at 5:31PM
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 Revolution Realty Group
Investment Insights
Based on property information with market context.
Built in 1930, this detached duplex contains 2,156 SF on a 42 x 100 lot. The lower apartment includes four rooms and is arranged as a one-bedroom residence, with the option to restore a two-bedroom layout. Its kitchen opens to the backyard and covered outdoor area. Upstairs, the second apartment offers two bedrooms, a large living room, and an eat-in kitchen.
An oversized attic adds flexible space for storage, recreation, office use, or future expansion. The unfinished basement is accessed separately from the side of the home and provides additional storage. Two boilers and two hot-water tanks serve the apartments separately. Tenants are responsible for heat, hot water, cooking gas, and electric. The property is located at 65 Saint Stephens Pl in Staten Island, NY 10306.
An oversized attic adds flexible space for storage, recreation, office use, or future expansion. The unfinished basement is accessed separately from the side of the home and provides additional storage. Two boilers and two hot-water tanks serve the apartments separately. Tenants are responsible for heat, hot water, cooking gas, and electric. The property is located at 65 Saint Stephens Pl in Staten Island, NY 10306.
Key Highlights
- Detached two‑family property with 2,156 SF of building area
- 42 x 100 lot with a large backyard and covered outdoor area
- First‑floor apartment can be configured as either one or two bedrooms
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
$54,766
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
6.45%
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%
$1,095,320
$1.1M
Cap Rate 7%
$782,371
$782.4K
Cap Rate 9%
$608,511
$608.5K
Market Conditions
NOI Build-Up for 2,156 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
$82.8K $38.40/SF
− Vacancy
−$4.6K −$2.11/SF
EGI
$78.2K $36.29/SF
− OpEx
−$23.5K −$10.89/SF
NOI
$54.8K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$1,095,320
Cap Rate 7%
$782,371
Cap Rate 9%
$608,511
Alternative Uses
Best Use
Multifamily LT 5
$782.4K
$684.6K – $912.8K
NOI $54,766 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$695.2K
$608.3K – $811.1K
NOI $48,665 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$1.03M
$900.1K – $1.20M
NOI $72,011 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 apartments are complemented by attic, basement, and backyard space.
Where is this duplex located?
The property is located at 65 Saint Stephens Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Detached two‑family property with 2,156 SF of building area; 42 x 100 lot with a large backyard and covered outdoor area; First‑floor apartment can be configured as either one or two bedrooms
