Detached Duplex with Private
For Sale
$1,139,900
94 Harbor Rd, Staten Island, NY 10303
Three-story configuration includes separate kitchens, private parking, and flexible living arrangements.
Property Size3,298 SF
Lot Size0.23 Acres
Price / SF$345.63
Days on Market17
Property Features for 94 Harbor Rd
General Information
Standard status
Active
Size
3,298 SF
Lot size
0.23 Acres
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
central air conditioning
forced-air heating
ceiling fans
walk-in closets
detached garage
private driveway
deck
shed
fully fenced property
Building Details
Year Built
1910
Buildings
1
Stories
3
Listing Agency:
Century 21 Papp Realty
Listed By:
Angelo Pappalardo · License #10311207495
(718) 727-6900
Source:
Statenislandhomelistings
Added: Sep 5
Changed: Sep 13
Last Checked: Sep 21 at 7:08AM
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 Century 21 Papp Realty
Investment Insights
Based on property information with market context.
This detached duplex at 94 Harbor Rd provides approximately 3,298 square feet across three stories, with five bedrooms and three bathrooms. The larger residence includes an entry foyer, eat-in kitchen with breakfast bar, dining room, living room, den area, primary bedroom, additional bedrooms, and a full bathroom. The second unit has an open living and dining area, eat-in kitchen, walk-in pantry or storage space, two bedrooms, and a full bathroom.
The property occupies a 64.5' x 164' lot totaling approximately 9,819 square feet. Outdoor improvements include a fully fenced yard, deck, shed, private driveway, additional parking, and a detached one-car garage. Central air conditioning, forced-air heating, natural gas, individual electric and gas meters, ceiling fans, and walk-in closets are also included. Built in 1910, the property offers a two-family layout with substantial outdoor and parking areas.
The property occupies a 64.5' x 164' lot totaling approximately 9,819 square feet. Outdoor improvements include a fully fenced yard, deck, shed, private driveway, additional parking, and a detached one-car garage. Central air conditioning, forced-air heating, natural gas, individual electric and gas meters, ceiling fans, and walk-in closets are also included. Built in 1910, the property offers a two-family layout with substantial outdoor and parking areas.
Key Highlights
- Two‑family detached duplex with approximately 3,298 sq. ft. of living space
- 64.5' x 164' lot totaling approximately 9,819 sq. ft.
- Five bedrooms and three bathrooms across three stories
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
$82,015
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
7.19%
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%
$1,640,300
$1.6M
Cap Rate 7%
$1,171,643
$1.2M
Cap Rate 9%
$911,278
$911.3K
Market Conditions
NOI Build-Up for 3,298 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
$122.7K $37.20/SF
− Vacancy
−$5.5K −$1.67/SF
EGI
$117.2K $35.53/SF
− OpEx
−$35.1K −$10.66/SF
NOI
$82.0K $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%
$1,640,300
Cap Rate 7%
$1,171,643
Cap Rate 9%
$911,278
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,015 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$1.04M
$914.2K – $1.22M
NOI $73,136 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,154 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
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 - Three-story configuration includes separate kitchens, private parking, and flexible living arrangements.
Where is this duplex located?
The property is located at 94 Harbor Rd Staten Island, NY.
What is the asking price?
The asking price for this property is $1,139,900.
What are key features of this property?
This property features: Two‑family detached duplex with approximately 3,298 sq. ft. of living space; 64.5' x 164' lot totaling approximately 9,819 sq. ft.; Five bedrooms and three bathrooms across three stories
