Duplex with Finished
For Sale
Contact for pricing
Pending
7 Irene Lane, Staten Island, NY 10307
Two-unit property with an inground pool, finished lower level, and separate one-bedroom apartment.
Property Size2,500 SF
Days on Market372
Property Features for 7 Irene Lane
General Information
Standard status
Pending
Size
2,500 SF
Property subtype
Multifamily
Zoning
R3X
Units
Unit Mix
3 bedrooms, 1 bedroom
Multifamily Units
2
Amenities
inground pool
Building Details
Year Built
2001
Stories
2
Units
2
Listing Agency:
Coldwell Banker Staten Island
Listed By:
Ragheb "Mickey" Baig · License #NY
Source:
Crexi
Added: Aug 30, 2025
Changed: Aug 30
Last Checked: Aug 31 at 11:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Staten Island
Investment Insights
Based on property information with market context.
This duplex, built in 2001, contains 2500 square feet and is arranged with a primary residence and a separate one-bedroom apartment. The main unit includes three bedrooms, a modern kitchen, dining room, living room, and finished basement. The lower level provides additional functional space that can serve as an office, gym area, or den.
Outdoor amenities include an inground pool and backyard space. The property is located at 7 Irene Lane in Staten Island, New York, and carries R3X zoning. The separate apartment adds flexibility for extended family, occupants, or rental use.
Outdoor amenities include an inground pool and backyard space. The property is located at 7 Irene Lane in Staten Island, New York, and carries R3X zoning. The separate apartment adds flexibility for extended family, occupants, or rental use.
Key Highlights
- Duplex with 2500 square feet
- Main residence includes three bedrooms, modern kitchen, dining room, and living room
- Separate full‑sized 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
$62,170
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
4.97%
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%
$1,243,400
$1.2M
Cap Rate 7%
$888,143
$888.1K
Cap Rate 9%
$690,778
$690.8K
Market Conditions
NOI Build-Up for 2,500 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
$93.0K $37.20/SF
− Vacancy
−$4.2K −$1.67/SF
EGI
$88.8K $35.53/SF
− OpEx
−$26.6K −$10.66/SF
NOI
$62.2K $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%
$1,243,400
Cap Rate 7%
$888,143
Cap Rate 9%
$690,778
Alternative Uses
Best Use
Multifamily LT 5
$888.1K
$777.1K – $1.04M
NOI $62,170 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$792.0K
$693.0K – $924.0K
NOI $55,440 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,501 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
259
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 - Two-unit property with an inground pool, finished lower level, and separate one-bedroom apartment.
Where is this duplex located?
The property is located at 7 Irene Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Duplex with 2500 square feet; Main residence includes three bedrooms, modern kitchen, dining room, and living room; Separate full‑sized one‑bedroom apartment
