Fully Renovated Duplex with Detached
For Sale
$899,900
Pending
74 Targee Street, Staten Island, NY 10304
MULTI_FAMILY - Staten Island, NY
Property Size2,000 SF
Lot Size0.11 Acres
Days on Market104
Property Features for 74 Targee Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 1
Parking features
Carport
Patio and Porch features
Deck
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Stapleton
Standard status
Pending
Size
2,000 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
4107
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1935
Floors in Building
3
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #0566464
(917) 856-2012
Added: May 13
Changed: Aug 2
Last Checked: Aug 24 at 7:06PM
MLS# 2602674
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.
Welcome to 74 Targee Street, a fully renovated two-family duplex with a full-finished basement. The home includes radiant heated floors in the basement along with baseboard heat, and it is heated with natural gas and hot water systems. Construction is vinyl siding, and the property is served by public sewer.
Set on a 0.1148-acre lot, the duplex offers additional flexible space through a detached office/workspace structure with heated floors. Outdoor space includes a large backyard and a deck, and parking versatility is supported by five attached garages plus a carport.
Built in 1935, this duplex is positioned for both owner-occupants and investors seeking flexible-use areas beyond the primary living space, including options for storage, workspace, hobbies, or extended living needs.
Set on a 0.1148-acre lot, the duplex offers additional flexible space through a detached office/workspace structure with heated floors. Outdoor space includes a large backyard and a deck, and parking versatility is supported by five attached garages plus a carport.
Built in 1935, this duplex is positioned for both owner-occupants and investors seeking flexible-use areas beyond the primary living space, including options for storage, workspace, hobbies, or extended living needs.
Key Highlights
- Two‑family duplex fully renovated with a full‑finished basement and radiant heated floors
- Detached office/workspace structure with heated floors for added flexible use
- 0.1148‑acre lot with a large backyard and deck
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
$49,422
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
5.49%
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%
$988,440
$988.4K
Cap Rate 7%
$706,029
$706.0K
Cap Rate 9%
$549,133
$549.1K
Market Conditions
NOI Build-Up for 2,000 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
$76.8K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$70.6K $35.30/SF
− OpEx
−$21.2K −$10.59/SF
NOI
$49.4K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /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%
$988,440
Cap Rate 7%
$706,029
Cap Rate 9%
$549,133
Alternative Uses
Best Use
Multifamily LT 5
$706.0K
$617.8K – $823.7K
NOI $49,422 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$647.0K
$566.2K – $754.9K
NOI $45,293 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$954.3K
$835.0K – $1.11M
NOI $66,800 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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 - Fully renovated duplex on a 0.1148-acre R3-2 lot with a finished basement, heated floors, and detached heated workspace.
Where is this duplex located?
The property is located at 74 Targee Street Staten Island, NY.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Two‑family duplex fully renovated with a full‑finished basement and radiant heated floors; Detached office/workspace structure with heated floors for added flexible use; 0.1148‑acre lot with a large backyard and deck
