Historic Greek Revival
For Sale
$999,999
92 Harrison St, Staten Island, NY 10304
Designated New York City landmark with distinctive period architecture on a corner lot in Stapleton.
Property Size3,000 SF
Price / SF$333.33
Days on Market159
Property Features for 92 Harrison St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
waiting for a sensitive, loving renovation
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1899
Buildings
1
Construction
Greek Revival
Tenancy
Single
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Ragheb Mick Baig
(718) 987-7900
Source:
Statenislandhomelistings
Added: Apr 16
Changed: Sep 19
Last Checked: Sep 21 at 7:22AM
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.
Investment Insights
Based on property information with market context.
This two-family property is currently configured for single-family use and occupies a corner lot at Harrison Street and Quinn Street. The approximately 3,000-square-foot residence is a two-and-a-half-story Greek Revival house with a high brick basement and a pedimented roof. Its exterior includes a full-width columned porch, corner pilasters, a classical cornice with frieze and dentil detailing, a tripartite fan-shaped lunette, tall parlor windows, original clapboard, and green louvered shutters. A two-story enclosed rear porch adds to the building’s distinctive configuration.
The property is a designated New York City individual landmark within Stapleton’s Harrison Street enclave. Its landmark status and intact Greek Revival design distinguish it from surrounding residential inventory. The residence requires renovation to systems and finishes while retaining its historic architectural elements.
The property is a designated New York City individual landmark within Stapleton’s Harrison Street enclave. Its landmark status and intact Greek Revival design distinguish it from surrounding residential inventory. The residence requires renovation to systems and finishes while retaining its historic architectural elements.
Key Highlights
- Designated New York City individual landmark
- Two‑family property currently used as a single‑family residence
- Approximately 3,000 SF on a corner 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
$74,132
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
7.41%
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%
$1,482,640
$1.5M
Cap Rate 7%
$1,059,029
$1.1M
Cap Rate 9%
$823,689
$823.7K
Market Conditions
NOI Build-Up for 3,000 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
$115.2K $38.40/SF
− Vacancy
−$9.3K −$3.10/SF
EGI
$105.9K $35.30/SF
− OpEx
−$31.8K −$10.59/SF
NOI
$74.1K $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%
$1,482,640
Cap Rate 7%
$1,059,029
Cap Rate 9%
$823,689
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$926.7K – $1.24M
NOI $74,132 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$970.6K
$849.2K – $1.13M
NOI $67,939 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,201 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,537
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
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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 - Designated New York City landmark with distinctive period architecture on a corner lot in Stapleton.
Where is this duplex located?
The property is located at 92 Harrison St Staten Island, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Designated New York City individual landmark; Two‑family property currently used as a single‑family residence; Approximately 3,000 SF on a corner lot
