Landmarked Duplex Requiring
For Sale
$459,000
Pending
71-73 Kreischer St, Staten Island, NY 10309
Side-by-side two-family residence on M1-1 land, offered in AS-IS condition and requiring full renovation.
Property Size1,440 SF
Days on Market328
Property Features for 71-73 Kreischer St
General Information
Standard status
Pending
Size
1,440 SF
Property subtype
Multi-Family
Zoning
M1-1
Property Condition
Severity
Major Repairs Needed
Evidence
needs to be fully renovated
Additional Details
Highway Access
Yes
Land Use
residential, retail, manufacturing, hotel, commercial parking
Building Details
Year Built
1920
Listing Agency:
Century 21 Papp Realty
(718) 727-6900
Listed By:
Angelo Pappalardo · License #10311207495
Source:
Statenislandhomelistings
Added: Oct 8, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:04PM
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 Century 21 Papp Realty
Investment Insights
Based on property information with market context.
This detached, side-by-side two-family residence was built in 1920 and contains 1,440 square feet. The property is offered AS-IS; the structure is in disrepair and requires full renovation. Landmark status applies to the homes, while the land itself is not landmarked.
The residence occupies more than 11,700 square feet of M1-1 land. The site provides access to the Korean War Veterans Parkway, West Shore Expressway, Staten Island Expressway, Outerbridge Crossing, New Jersey Turnpike, and Garden State Parkway, with nearby public transportation also noted. Any inspection or entry must occur with the listing agent and owners present.
The residence occupies more than 11,700 square feet of M1-1 land. The site provides access to the Korean War Veterans Parkway, West Shore Expressway, Staten Island Expressway, Outerbridge Crossing, New Jersey Turnpike, and Garden State Parkway, with nearby public transportation also noted. Any inspection or entry must occur with the listing agent and owners present.
Key Highlights
- Side‑by‑side detached two‑family residence
- 1,440‑square‑foot structure built in 1920
- More than 11,700 square feet of M1‑1 land
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
$35,810
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
7.80%
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%
$716,200
$716.2K
Cap Rate 7%
$511,571
$511.6K
Cap Rate 9%
$397,889
$397.9K
Market Conditions
NOI Build-Up for 1,440 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
$53.6K $37.20/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$51.2K $35.53/SF
− OpEx
−$15.3K −$10.66/SF
NOI
$35.8K $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%
$716,200
Cap Rate 7%
$511,571
Cap Rate 9%
$397,889
Alternative Uses
Best Use
Multifamily LT 5
$511.6K
$447.6K – $596.8K
NOI $35,810 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$456.2K
$399.2K – $532.2K
NOI $31,933 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$687.1K
$601.2K – $801.6K
NOI $48,096 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
743
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Side-by-side two-family residence on M1-1 land, offered in AS-IS condition and requiring full renovation.
Where is this duplex located?
The property is located at 71-73 Kreischer St Staten Island, NY.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: Side‑by‑side detached two‑family residence; 1,440‑square‑foot structure built in 1920; More than 11,700 square feet of M1‑1 land
