Detached Two-Family
For Sale
$1,299,000
81 Russell St, Staten Island, NY 10308
Two spacious three-bedroom units feature modern finishes, private parking, and separate residential layouts.
Property Size2,400 SF
Price / SF$541.25
Days on Market29
Property Features for 81 Russell St
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Multi-Family
Building Details
Year Built
1925
Listing Agency:
Revolution Realty Group
Listed By:
Salvatore Taormina · License #10301210276
(718) 938-0662
Source:
Statenislandhomelistings
Added: Aug 24
Changed: Sep 15
Last Checked: Sep 21 at 7:20AM
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 Revolution Realty Group
Investment Insights
Based on property information with market context.
This detached duplex includes two residential units, each arranged with three bedrooms and two bathrooms. The bath configuration includes one full bath and one three-quarter bath, along with a walk-in closet. Interior specifications include hardwood flooring, central air conditioning, forced hot-air heating, stainless steel appliances, and quartz countertops. The fully stucco exterior is complemented by a private driveway.
The home measures 24 x 50 and sits on a 40 x 90 lot at 81 Russell St in Staten Island. The property is in Great Kills, with shopping, transportation, schools, and restaurants identified in the surrounding area. Kitchen selections, including cabinetry, stone countertops, and a coordinating stone backsplash, can be chosen by the buyer.
The home measures 24 x 50 and sits on a 40 x 90 lot at 81 Russell St in Staten Island. The property is in Great Kills, with shopping, transportation, schools, and restaurants identified in the surrounding area. Kitchen selections, including cabinetry, stone countertops, and a coordinating stone backsplash, can be chosen by the buyer.
Key Highlights
- Detached two‑family property with two 3‑bedroom, 2‑bath units
- Each unit includes one full bath, one 3/4 bath, and a walk‑in closet
- 24 x 50 home on a 40 x 90 lot
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
$59,684
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
4.59%
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%
$1,193,680
$1.2M
Cap Rate 7%
$852,629
$852.6K
Cap Rate 9%
$663,156
$663.2K
Market Conditions
NOI Build-Up for 2,400 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
$89.3K $37.20/SF
− Vacancy
−$4.0K −$1.67/SF
EGI
$85.3K $35.53/SF
− OpEx
−$25.6K −$10.66/SF
NOI
$59.7K $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%
$1,193,680
Cap Rate 7%
$852,629
Cap Rate 9%
$663,156
Alternative Uses
Best Use
Multifamily LT 5
$852.6K
$746.1K – $994.7K
NOI $59,684 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$760.3K
$665.3K – $887.0K
NOI $53,222 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,161 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious three-bedroom units feature modern finishes, private parking, and separate residential layouts.
Where is this duplex located?
The property is located at 81 Russell St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Detached two‑family property with two 3‑bedroom, 2‑bath units; Each unit includes one full bath, one 3/4 bath, and a walk‑in closet; 24 x 50 home on a 40 x 90 lot
