Tenant-Occupied
New
For Sale
$679,888
94 Gordon Street, Staten Island, NY 10304
Residential, Colonial, Staten Island, NY
Property Size1,512 SF
Lot Size0.06 Acres
Price / SF$449.66
Days on Market7
Property Features for 94 Gordon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Interior features
Refrigerator
Basement
Full
Subdivision
Stapleton
Standard status
Active
Size
1,512 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4130
Building Details
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Flat
Architectural style
Colonial
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Marietta Vinocur · License #10401303220
(718) 872-9300
Added: Sep 3
Changed: Sep 8
Last Checked: Sep 9 at 5:06PM
MLS# 504063
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 two-family residential property is configured as a duplex and is being offered in its present as-is condition. The 1,512-square-foot structure uses wood-frame construction, a Colonial architectural style, a flat roof, and hardwood flooring. Both units are occupied by tenants, providing an existing income-producing setup for an owner focused on residential rental property.
The property occupies 0.0579 acres in Staten Island, New York, and carries R3-2 zoning. Interior features include a refrigerator, with two bathrooms identified in the property information. The location is described as being near the Staten Island Ferry, public transportation, and local amenities.
The property occupies 0.0579 acres in Staten Island, New York, and carries R3-2 zoning. Interior features include a refrigerator, with two bathrooms identified in the property information. The location is described as being near the Staten Island Ferry, public transportation, and local amenities.
Key Highlights
- Two‑family duplex with both units tenant occupied
- 1,512 square feet on a 0.0579‑acre lot
- R3‑2 zoning in Staten Island, NY
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
$37,363
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
5.50%
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%
$747,260
$747.3K
Cap Rate 7%
$533,757
$533.8K
Cap Rate 9%
$415,144
$415.1K
Market Conditions
NOI Build-Up for 1,512 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
$58.1K $38.40/SF
− Vacancy
−$4.7K −$3.10/SF
EGI
$53.4K $35.30/SF
− OpEx
−$16.0K −$10.59/SF
NOI
$37.4K $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%
$747,260
Cap Rate 7%
$533,757
Cap Rate 9%
$415,144
Alternative Uses
Best Use
Multifamily LT 5
$533.8K
$467.0K – $622.7K
NOI $37,363 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$489.2K
$428.0K – $570.7K
NOI $34,241 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$721.4K
$631.3K – $841.7K
NOI $50,501 @ 7.0% cap · market cap 7.43%
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
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,374
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Wood-frame two-family property with hardwood floors, tenant occupancy, and R3-2 zoning.
Where is this duplex located?
The property is located at 94 Gordon Street Staten Island, NY.
What is the asking price?
The asking price for this property is $679,888.
What are key features of this property?
This property features: Two‑family duplex with both units tenant occupied; 1,512 square feet on a 0.0579‑acre lot; R3‑2 zoning in Staten Island, NY
