Two-Family Duplex with Finished
For Sale
Contact for pricing
Pending
71 Pond Street, Staten Island, NY 10309
Semi-attached income property with separate apartment space, hardwood flooring, updated kitchen features, and a paved backyard.
Property Size1,611 SF
Days on Market185
Property Features for 71 Pond Street
General Information
Standard status
Pending
Size
1,611 SF
Property subtype
Multifamily
Zoning
R3X
Additional Details
Multifamily Units
2
Amenities
laundry
backyard
Building Details
Year Built
1999
Buildings
1
Stories
2
Units
2
Listing Agency:
Taranto Realty
Listed By:
Joseph Franzese Jr. · License #10401257198
Source:
Crexi
Added: Mar 4
Changed: Sep 1
Last Checked: Sep 1 at 8:51AM
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 Taranto Realty
Investment Insights
Based on property information with market context.
This 1,611-square-foot duplex is configured as a two-family semi-attached home with a primary residence and a separate apartment. The main unit includes a combined living and dining area, finished basement with laundry, eat-in kitchen, elevated family room, half bathroom, three bedrooms, and a full three-piece bathroom. Hardwood flooring is featured in multiple living areas and bedrooms, while the kitchen includes granite countertops, stainless steel appliances, overhead lighting, and backyard access.
The primary bedroom has vaulted ceilings and a walk-in closet. The apartment provides a kitchen and living room combination, two additional rooms, and one bedroom. The fully paved backyard offers a low-maintenance outdoor area. Built in 1999 and zoned R3X, the property contains 1,611 square feet.
The primary bedroom has vaulted ceilings and a walk-in closet. The apartment provides a kitchen and living room combination, two additional rooms, and one bedroom. The fully paved backyard offers a low-maintenance outdoor area. Built in 1999 and zoned R3X, the property contains 1,611 square feet.
Key Highlights
- Two‑family semi‑attached duplex configuration
- 1,611 square feet built in 1999
- Main residence with 3 bedrooms and a full three‑piece bathroom
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
$40,063
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
4.56%
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%
$801,260
$801.3K
Cap Rate 7%
$572,329
$572.3K
Cap Rate 9%
$445,144
$445.1K
Market Conditions
NOI Build-Up for 1,611 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
$59.9K $37.20/SF
− Vacancy
−$2.7K −$1.67/SF
EGI
$57.2K $35.53/SF
− OpEx
−$17.2K −$10.66/SF
NOI
$40.1K $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%
$801,260
Cap Rate 7%
$572,329
Cap Rate 9%
$445,144
Alternative Uses
Best Use
Multifamily LT 5
$572.3K
$500.8K – $667.7K
NOI $40,063 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$510.4K
$446.6K – $595.4K
NOI $35,726 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$768.7K
$672.6K – $896.8K
NOI $53,808 @ 7.0% cap · market cap 6.12%
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
329
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached income property with separate apartment space, hardwood flooring, updated kitchen features, and a paved backyard.
Where is this duplex located?
The property is located at 71 Pond Street Staten Island, NY.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Two‑family semi‑attached duplex configuration; 1,611 square feet built in 1999; Main residence with 3 bedrooms and a full three‑piece bathroom
