New Construction Townhome
For Sale
$748,888
69 Grant Street, Staten Island, NY 10301
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,200 SF
Lot Size0.05 Acres
Price / SF$624.07
Days on Market375
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, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 1, 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
1,200 SF
Lot size
0.05 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
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: Jul 31, 2025
Changed: Aug 2
Last Checked: Aug 9 at 10:06PM
MLS# 2504457
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.
Grant Street Estates presents a private enclave of four new construction townhomes at 69 Grant Street, Staten Island, NY 10301. Each residence features hardwood floors, large windows for natural light, and custom designed kitchens with modern amenities including stylish shaker cabinetry, quartz counters, and direct ventilation fans. Homes are laid out with three bedrooms and three bathrooms, plus a lower level with a separate entrance.
The community is positioned conveniently between the Staten Island Ferry and the Verrazzano Bridge. Units are built on spacious lots and each is equipped with parking for multiple vehicles. There are no HOA fees.
The property is listed under zoning R3-2.
The community is positioned conveniently between the Staten Island Ferry and the Verrazzano Bridge. Units are built on spacious lots and each is equipped with parking for multiple vehicles. There are no HOA fees.
The property is listed under zoning R3-2.
Key Highlights
- New construction 4‑townhome private enclave on Grant Street Estates with no HOA fees
- 2025 build with Colonial‑style design, stucco and vinyl siding exterior
- 3 bedrooms and 3 bathrooms, with a lower level that has a separate entrance
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
$26,611
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
3.55%
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%
$532,220
$532.2K
Cap Rate 7%
$380,157
$380.2K
Cap Rate 9%
$295,678
$295.7K
Market Conditions
NOI Build-Up for 1,200 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
$50.4K $42.00/SF
− Vacancy
−$2.0K −$1.68/SF
EGI
$48.4K $40.32/SF
− OpEx
−$21.8K −$18.14/SF
NOI
$26.6K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
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%
$532,220
Cap Rate 7%
$380,157
Cap Rate 9%
$295,678
Alternative Uses
Best Use
Apartment 5plus
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,080 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,750
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Private enclave of four new construction townhomes with parking, hardwood floors, and three bedrooms per unit.
Where is this single family property located?
The property is located at 69 Grant Street Staten Island, NY.
What is the asking price?
The asking price for this property is $748,888.
What are key features of this property?
This property features: New construction 4‑townhome private enclave on Grant Street Estates with no HOA fees; 2025 build with Colonial‑style design, stucco and vinyl siding exterior; 3 bedrooms and 3 bathrooms, with a lower level that has a separate entrance
