Two-Family Home with Detached
For Sale
$875,000
69 Chelsea Street, Staten Island, NY 10307
Residential Income, Staten Island, NY
Property Size1,936 SF
Lot Size0.08 Acres
Price / SF$451.96
Days on Market81
Property Features for 69 Chelsea Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1
Parking features
Off Street
Basement
Full, Partially Finished
Lot features
Front Yard, Back Yard
Subdivision
Tottenville
Standard status
Active
APN
7900-71
Size
1,936 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7908
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Amenities
washer/dryer
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding
Listing Agency:
Keller Williams Realty Staten Island
(718) 766-7159
Listed By:
Noreen Giacopelli
(917) 217-0599
Added: Jun 5
Changed: Aug 23
Last Checked: Aug 24 at 2:06PM
MLS# 2603152
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 two-family residence contains 1,936 square feet of living space on a 0.0824-acre lot. The main apartment includes a living room, formal dining room, eat-in kitchen with granite countertops and modern cabinetry, three bedrooms, a full bathroom, and yard access. The upper apartment provides a living room, dining room, kitchen, bedroom, and full bathroom, with hardwood flooring and abundant natural light. A finished basement adds flexible interior space and includes newer windows, a washer and dryer, built-in shelving, and the utility area.
The property also includes an aluminum-sided exterior, natural gas steam heat, public sewer, a detached garage with a new overhead door and side entry door, and a driveway accommodating up to four vehicles. The maintenance-free yard has privacy trees. Located in Tottenville near waterfront parkland, beaches, historic landmarks, local dining, shopping, schools, the Staten Island Expressway, trains, and buses.
The property also includes an aluminum-sided exterior, natural gas steam heat, public sewer, a detached garage with a new overhead door and side entry door, and a driveway accommodating up to four vehicles. The maintenance-free yard has privacy trees. Located in Tottenville near waterfront parkland, beaches, historic landmarks, local dining, shopping, schools, the Staten Island Expressway, trains, and buses.
Key Highlights
- Two‑family residence with 1,936 square feet of living space
- Main apartment includes three bedrooms, dining room, eat‑in kitchen, and yard access
- Upper apartment includes one bedroom, living room, dining room, kitchen, and full bathroom
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
$48,145
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
5.50%
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%
$962,900
$962.9K
Cap Rate 7%
$687,786
$687.8K
Cap Rate 9%
$534,944
$534.9K
Market Conditions
NOI Build-Up for 1,936 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
$72.0K $37.20/SF
− Vacancy
−$3.2K −$1.67/SF
EGI
$68.8K $35.53/SF
− OpEx
−$20.6K −$10.66/SF
NOI
$48.1K $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%
$962,900
Cap Rate 7%
$687,786
Cap Rate 9%
$534,944
Alternative Uses
Best Use
Multifamily LT 5
$687.8K
$601.8K – $802.4K
NOI $48,145 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$613.3K
$536.7K – $715.6K
NOI $42,933 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$923.8K
$808.3K – $1.08M
NOI $64,663 @ 7.0% cap · market cap 7.39%
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
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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 - R3A-zoned property with finished basement, off-street parking, and separate apartment layouts suitable for rental income or extended living.
Where is this duplex located?
The property is located at 69 Chelsea Street Staten Island, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑family residence with 1,936 square feet of living space; Main apartment includes three bedrooms, dining room, eat‑in kitchen, and yard access; Upper apartment includes one bedroom, living room, dining room, kitchen, and full bathroom
