Detached Duplex with
For Sale
$799,000
65 Saint Stephens Place, Staten Island, NY 10306
Residential, Colonial, Staten Island, NY
Property Size2,156 SF
Lot Size0.06 Acres
Price / SF$370.59
Days on Market11
Property Features for 65 Saint Stephens Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Interior features
Refrigerator, Stove
Basement
Full, Unfinished
Subdivision
Oakwood/New Dorp Heights
Standard status
Active
Size
2,156 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7245
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Architectural style
Colonial
Listing Agency:
Revolution Realty Group
(718) 524-7999
Listed By:
Salvatore Taormina Jr · License #10301210276
(718) 938-0662
Added: Sep 11
Changed: Sep 16
Last Checked: Sep 21 at 7:06PM
MLS# 504422
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 detached duplex was built in 1930 and contains 2,156 square feet on a 42 x 100 lot. The first-floor unit has four rooms and is arranged as a one-bedroom apartment, while the upper unit includes two bedrooms, a large living room, and an eat-in kitchen. A covered rear overhang connects to the backyard and provides additional outdoor space.
An oversized attic and unfinished basement expand the property’s usable storage and ancillary areas. The basement is reached through a separate side entrance and has substantial ceiling height. Two boilers and two hot water tanks serve the apartments independently. Residents pay their own heat, hot water, cooking gas, and electric. R2 zoning, hardwood flooring, wood-frame construction, a Colonial architectural style, a refrigerator, and a stove complete the property profile.
An oversized attic and unfinished basement expand the property’s usable storage and ancillary areas. The basement is reached through a separate side entrance and has substantial ceiling height. Two boilers and two hot water tanks serve the apartments independently. Residents pay their own heat, hot water, cooking gas, and electric. R2 zoning, hardwood flooring, wood-frame construction, a Colonial architectural style, a refrigerator, and a stove complete the property profile.
Key Highlights
- Duplex with 2,156 square feet on a 42 x 100 lot
- Two apartments with a total of 3 bedrooms and 2 bathrooms
- First‑floor unit has four rooms and is configured as a one‑bedroom apartment
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
6.85%
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 6.85%
Second Best
Apartment 5plus
$695.2K
$608.3K – $811.1K
NOI $48,665 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.03M
$900.1K – $1.20M
NOI $72,011 @ 7.0% cap · market cap 9.01%
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
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
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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 - R2-zoned residence includes two apartments, a backyard, and separate heating systems.
Where is this duplex located?
The property is located at 65 Saint Stephens Place Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Duplex with 2,156 square feet on a 42 x 100 lot; Two apartments with a total of 3 bedrooms and 2 bathrooms; First‑floor unit has four rooms and is configured as a one‑bedroom apartment
