Two-Family Duplex 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 Market95
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
Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2
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
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 27
Last Checked: Sep 7 at 1:06AM
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 1,936-square-foot duplex, built in 1910, contains two apartments configured as one three-bedroom residence and one one-bedroom residence. The main unit includes living and dining rooms, an eat-in kitchen with granite countertops, three bedrooms, a full bathroom, and yard access. The upper apartment provides living and dining areas, a kitchen, one bedroom, and a full bathroom. Hardwood floors and natural light are present in both apartments.
The finished basement adds flexible household space along with laundry, built-in shelving, newer windows, and the utilities area. A detached garage has a new overhead door with remote access and a new side entrance. The driveway accommodates up to four vehicles, while the maintenance-free yard includes privacy trees. The property uses steam and natural gas heat, has public sewer service, aluminum siding, and is zoned R3A.
The 0.0824-acre property is located in Staten Island near waterfront parkland, beaches, dining, shopping, schools, buses, trains, and the SI Expressway.
The finished basement adds flexible household space along with laundry, built-in shelving, newer windows, and the utilities area. A detached garage has a new overhead door with remote access and a new side entrance. The driveway accommodates up to four vehicles, while the maintenance-free yard includes privacy trees. The property uses steam and natural gas heat, has public sewer service, aluminum siding, and is zoned R3A.
The 0.0824-acre property is located in Staten Island near waterfront parkland, beaches, dining, shopping, schools, buses, trains, and the SI Expressway.
Key Highlights
- Two apartments configured as 3‑bedroom and 1‑bedroom units
- 1,936 square feet on a 0.0824‑acre lot
- Detached garage with new overhead door and side entry door
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 duplex with separate apartments, finished basement space, off-street parking, and convenient Staten Island access.
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 apartments configured as 3‑bedroom and 1‑bedroom units; 1,936 square feet on a 0.0824‑acre lot; Detached garage with new overhead door and side entry door
