Duplex with Two Detached
For Sale
$1,100,000
869 Targee Street, Staten Island, NY 10304
MULTI_FAMILY - Staten Island, NY
Property Size1,779 SF
Lot Size0.12 Acres
Price / SF$618.32
Days on Market66
Property Features for 869 Targee Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 5
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Fencing
Fenced
Basement
Partially Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Emerson Hill
Standard status
Active
APN
5031530021
Size
1,779 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
6004
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Building Details
Year built
1941
Floors in Building
2
Number of units
1
Building materials
Brick, Wood Siding
Listing Agency:
Keller Williams Realty Staten Island
(718) 766-7159
Listed By:
Brynson Perillo
(917) 217-0599
Added: Jul 6
Changed: Aug 3
Last Checked: Sep 9 at 6:06PM
MLS# 2603922
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.
Detached two-family home on a street-to-street lot at 869 Targee Street, Staten Island, NY 10304, zoned R3-2. The property sits on a 0.1157-acre lot and includes 1,779 SF of interior space. Built in 1941 with brick and wood siding, it features ceiling fan(s), fencing, and a patio.
The first floor apartment offers three bedrooms, one full bathroom, a living room, and kitchen. The second floor apartment has two bedrooms, one full bathroom, plus a living room and kitchen.
A full basement includes a half bathroom and is partially renovated. Additional outdoor storage and parking are provided by two detached garages. Heating is listed as steam with natural gas, and the home connects to public sewer.
With public transportation, schools, and shops nearby, and access to the Verrazzano Bridge and the Staten Island Ferry, this duplex is set up for owner-occupants and tenants seeking separate living floors.
The first floor apartment offers three bedrooms, one full bathroom, a living room, and kitchen. The second floor apartment has two bedrooms, one full bathroom, plus a living room and kitchen.
A full basement includes a half bathroom and is partially renovated. Additional outdoor storage and parking are provided by two detached garages. Heating is listed as steam with natural gas, and the home connects to public sewer.
With public transportation, schools, and shops nearby, and access to the Verrazzano Bridge and the Staten Island Ferry, this duplex is set up for owner-occupants and tenants seeking separate living floors.
Key Highlights
- Detached two‑family: first floor 3 bedrooms/1 full bath; second floor 2 bedrooms/1 full bath
- Full basement with half bathroom, partially renovated
- Two detached garages plus fenced 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
$43,960
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
4.00%
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%
$879,200
$879.2K
Cap Rate 7%
$628,000
$628.0K
Cap Rate 9%
$488,444
$488.4K
Market Conditions
NOI Build-Up for 1,779 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
$68.3K $38.40/SF
− Vacancy
−$5.5K −$3.10/SF
EGI
$62.8K $35.30/SF
− OpEx
−$18.8K −$10.59/SF
NOI
$44.0K $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%
$879,200
Cap Rate 7%
$628,000
Cap Rate 9%
$488,444
Alternative Uses
Best Use
Multifamily LT 5
$628.0K
$549.5K – $732.7K
NOI $43,960 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$575.5K
$503.6K – $671.5K
NOI $40,288 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$848.8K
$742.7K – $990.3K
NOI $59,419 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,095
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Detached two-family home with a full basement and two detached garages, zoned R3-2 in Staten Island.
Where is this duplex located?
The property is located at 869 Targee Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Detached two‑family: first floor 3 bedrooms/1 full bath; second floor 2 bedrooms/1 full bath; Full basement with half bathroom, partially renovated; Two detached garages plus fenced lot
