New Construction
New
For Sale
$738,888
69 Grant Street, Staten Island, NY 10301
Residential, Staten Island, NY
Property Size1,380 SF
Lot Size0.05 Acres
Price / SF$535.43
Days on Market6
Property Features for 69 Grant Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
Parking features
Carport
Patio and Porch features
Deck
Exterior features
Gas Grill
Basement
Full, Finished
Appliances
Dishwasher, Dryer
Lot features
Back Yard
Subdivision
Tompkinsville
Standard status
Active
APN
00504/0017
Size
1,380 SF
Lot size
0.05 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2025
Floors in Building
2
Building materials
Stucco, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Francis A Shearon · License #10301218348
(718) 987-7900
Added: Aug 19
Changed: Aug 24
Last Checked: Aug 24 at 8:06AM
MLS# 2604719
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.
Completed in 2025, this 1,380-square-foot duplex features three bedrooms, three bathrooms, and a lower level with its own entrance. The home includes hardwood flooring, large windows, central air, forced-air natural gas heating, and a Colonial architectural style. The kitchen is fitted with shaker cabinetry, quartz countertops, a dishwasher, and direct-vent ventilation. A carport, deck, and gas grill add to the property’s functional features, while public sewer service supports the residence.
The property occupies 0.0528 acres and is zoned R3-2. Its Staten Island setting provides proximity to the Staten Island Ferry and Verrazano Bridge, with parking for multiple vehicles noted among the site features. No HOA fees are associated with the property.
The property occupies 0.0528 acres and is zoned R3-2. Its Staten Island setting provides proximity to the Staten Island Ferry and Verrazano Bridge, with parking for multiple vehicles noted among the site features. No HOA fees are associated with the property.
Key Highlights
- 2025 construction with 1,380 square feet of living space
- Three bedrooms and three bathrooms with a lower‑level entrance
- 0.0528‑acre lot zoned R3‑2
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
$34,318
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
4.64%
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%
$686,360
$686.4K
Cap Rate 7%
$490,257
$490.3K
Cap Rate 9%
$381,311
$381.3K
Market Conditions
NOI Build-Up for 1,380 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
$51.3K $37.20/SF
− Vacancy
−$2.3K −$1.67/SF
EGI
$49.0K $35.53/SF
− OpEx
−$14.7K −$10.66/SF
NOI
$34.3K $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%
$686,360
Cap Rate 7%
$490,257
Cap Rate 9%
$381,311
Alternative Uses
Best Use
Multifamily LT 5
$490.3K
$429.0K – $572.0K
NOI $34,318 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$437.2K
$382.5K – $510.1K
NOI $30,603 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$658.5K
$576.2K – $768.2K
NOI $46,092 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,711
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 - Three-bedroom, three-bath residence with a lower-level entrance, private deck, and on-site vehicle parking.
Where is this duplex located?
The property is located at 69 Grant Street Staten Island, NY.
What is the asking price?
The asking price for this property is $738,888.
What are key features of this property?
This property features: 2025 construction with 1,380 square feet of living space; Three bedrooms and three bathrooms with a lower‑level entrance; 0.0528‑acre lot zoned R3‑2
