Updated Duplex with Finished
New
For Sale
$740,000
91 Wade Street, Staten Island, NY 10314
Residential, Staten Island, NY
Property Size1,230 SF
Lot Size0.06 Acres
Price / SF$601.63
Days on Market2
Property Features for 91 Wade Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Carport, On Street
Patio and Porch features
Deck
Basement
Full, Finished
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Front Yard, Back Yard, Side
Subdivision
Westerleigh
Standard status
Active
APN
00472-0168
Size
1,230 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4386
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Ahmed Oun · License #10401384141
(347) 466-1819
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 3:06PM
MLS# 2605018
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.
This 1,230-square-foot Colonial-style property was built in 1960 and sits on a 0.0574-acre lot in Staten Island. The interior includes hardwood flooring across the first and second floors, a living room, formal dining room, rear kitchen with appliances, three bedrooms, and two bathrooms. The finished basement adds separated usable space and a dedicated laundry area. Exterior features include vinyl siding, a deck, updated concrete work in the backyard, and a private two-car driveway. Heating is provided by forced air with natural gas, while central air conditioning serves the property.
Major improvements include a roof replacement in 2024, renovated bathrooms completed in 2024, and a new heating system and hot water tank installed in 2025. The property is zoned R3X and connected to public sewer. Its location provides access to Forest Avenue shops and restaurants, public transportation, and the Staten Island Expressway.
Major improvements include a roof replacement in 2024, renovated bathrooms completed in 2024, and a new heating system and hot water tank installed in 2025. The property is zoned R3X and connected to public sewer. Its location provides access to Forest Avenue shops and restaurants, public transportation, and the Staten Island Expressway.
Key Highlights
- 1,230 square feet on a 0.0574‑acre lot
- Three bedrooms and two bathrooms with a finished basement and laundry area
- Roof replaced in 2024; both bathrooms renovated in 2024
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
$33,548
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
4.53%
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%
$670,960
$671.0K
Cap Rate 7%
$479,257
$479.3K
Cap Rate 9%
$372,756
$372.8K
Market Conditions
NOI Build-Up for 1,230 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
$50.2K $40.80/SF
− Vacancy
−$2.3K −$1.84/SF
EGI
$47.9K $38.96/SF
− OpEx
−$14.4K −$11.69/SF
NOI
$33.5K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$670,960
Cap Rate 7%
$479,257
Cap Rate 9%
$372,756
Alternative Uses
Best Use
Multifamily LT 5
$479.3K
$419.4K – $559.1K
NOI $33,548 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$444.4K
$388.9K – $518.5K
NOI $31,108 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$586.9K
$513.5K – $684.7K
NOI $41,082 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Colonial-style property with hardwood floors, central air, a private driveway, and a finished basement with laundry space.
Where is this duplex located?
The property is located at 91 Wade Street Staten Island, NY.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 1,230 square feet on a 0.0574‑acre lot; Three bedrooms and two bathrooms with a finished basement and laundry area; Roof replaced in 2024; both bathrooms renovated in 2024
