Two-Family Duplex with Private
For Sale
$949,000
Pending
96 Sterling Ave, Staten Island, NY 10306
Two residential units each include two bedrooms, an eat-in kitchen, and a full bathroom.
Property Size1,130 SF
Days on Market279
Property Features for 96 Sterling Ave
General Information
Standard status
Pending
Size
1,130 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
landscaped backyard
laundry area
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
Tiger Realty
Listed By:
Peter Pan · License #10401215383
(917) 708-9966
Source:
Statenislandhomelistings
Added: Nov 28, 2025
Changed: Sep 2
Last Checked: Sep 2 at 6:43PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This two-family duplex, built in 1950, contains two separate residential levels with matching two-bedroom, one-bathroom layouts. The first level includes a living room, formal dining room, and newly installed eat-in kitchen with stainless steel appliances. The upper level offers an open living and kitchen arrangement with stainless steel appliances. An unfinished basement adds laundry and storage space, while a private garage and landscaped backyard provide useful property amenities.
The home is in New Dorp near New Dorp Station on the Staten Island Railway. Hylan Boulevard provides access to the S79, S74, S76, S86, X15, and express bus service to Manhattan. Restaurants, shopping, and other amenities are located along New Dorp Lane and Hylan Boulevard.
The home is in New Dorp near New Dorp Station on the Staten Island Railway. Hylan Boulevard provides access to the S79, S74, S76, S86, X15, and express bus service to Manhattan. Restaurants, shopping, and other amenities are located along New Dorp Lane and Hylan Boulevard.
Key Highlights
- Two‑family duplex with two bedrooms and one full bathroom on each level
- First‑floor formal dining room and newly installed eat‑in kitchen
- Two kitchens equipped with stainless steel appliances
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
$28,704
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
3.02%
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%
$574,080
$574.1K
Cap Rate 7%
$410,057
$410.1K
Cap Rate 9%
$318,933
$318.9K
Market Conditions
NOI Build-Up for 1,130 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
$43.4K $38.40/SF
− Vacancy
−$2.4K −$2.11/SF
EGI
$41.0K $36.29/SF
− OpEx
−$12.3K −$10.89/SF
NOI
$28.7K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$574,080
Cap Rate 7%
$410,057
Cap Rate 9%
$318,933
Alternative Uses
Best Use
Multifamily LT 5
$410.1K
$358.8K – $478.4K
NOI $28,704 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$364.4K
$318.8K – $425.1K
NOI $25,506 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$539.2K
$471.8K – $629.0K
NOI $37,742 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,799
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
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 - Two residential units each include two bedrooms, an eat-in kitchen, and a full bathroom.
Where is this duplex located?
The property is located at 96 Sterling Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two‑family duplex with two bedrooms and one full bathroom on each level; First‑floor formal dining room and newly installed eat‑in kitchen; Two kitchens equipped with stainless steel appliances
