Detached Two-Family
For Sale
$999,900
Pending
78 Wolverine Street, Staten Island, NY 10306
A first-floor one-bedroom apartment is occupied by a tenant who has expressed interest in staying.
Property Size2,100 SF
Days on Market12
Property Features for 78 Wolverine Street
General Information
Standard status
Pending
Size
2,100 SF
Property subtype
Residential Income
Zoning
R3-1
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,177
Amenities
1
true
3
4
Front Yard,Back Yard
4429
42X103
0.1
Driveway,Off Street,On Street
2100
Building Details
Building Size
2,100 SF
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
John A Vernazza · License #30VE0902788
(917) 796-7504
Source:
Matiasrealestatenyc
Added: Oct 26
Changed: Nov 4
Last Checked: Nov 5 at 9:00AM
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 Robert DeFalco Realty, Inc.
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Investment Insights
Based on property information with market context.
Set in Oakwood, this detached two-family property was built in 1960 and contains 2,100 square feet. Hardwood floors and hot-water baseboard heat are among its interior features. The primary bedroom includes a half bath, and the first-floor apartment has one bedroom.
The current apartment tenant pays gas and electric utilities and would like to remain; there is no lease. The property has front and rear yards, a driveway, and off-street parking. It is zoned R3-1.
The current apartment tenant pays gas and electric utilities and would like to remain; there is no lease. The property has front and rear yards, a driveway, and off-street parking. It is zoned R3-1.
Key Highlights
- Detached two‑family property with 2,100 square feet
- First‑floor apartment includes one bedroom; tenant pays gas and electric and would like to stay
- 42X103 lot, listed at 0.1 acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,343
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,860
$1.1M
Cap Rate 7%
$762,043
$762.0K
Cap Rate 9%
$592,700
$592.7K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$80.6K $38.40/SF
− Vacancy
−$4.4K −$2.11/SF
EGI
$76.2K $36.29/SF
− OpEx
−$22.9K −$10.89/SF
NOI
$53.3K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,066,860
Cap Rate 7%
$762,043
Cap Rate 9%
$592,700
Alternative Uses
Best Use
Multifamily LT 5
$762.0K
$666.8K – $889.1K
NOI $53,343 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$677.2K
$592.5K – $790.0K
NOI $47,401 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$1.00M
$876.8K – $1.17M
NOI $70,140 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
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Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A first-floor one-bedroom apartment is occupied by a tenant who has expressed interest in staying.
Where is this duplex located?
The property is located at 78 Wolverine Street Staten Island, NY.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Detached two‑family property with 2,100 square feet; First‑floor apartment includes one bedroom; tenant pays gas and electric and would like to stay; 42X103 lot, listed at 0.1 acre
