Upgraded Duplex with Heated
New
For Sale
$899,000
96 Sweetgum Lane, Staten Island, NY 10314
SINGLE_FAMILY - Staten Island, NY
Property Size1,551 SF
Lot Size0.05 Acres
Price / SF$579.63
Days on Market6
Property Features for 96 Sweetgum Lane
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Garage
Patio and Porch features
Deck
Interior features
Alarm, Central Air, Deck, Dishwasher, Dryer, Fireplace, Garage Door Opener(s), Microwave, Pool, Refrigerator, Stove, Washer
Fireplace
1
Basement
Finished, Full
Subdivision
New Springville
Standard status
Active
Size
1,551 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6585
Amenities
central cooling
baseboard heating
electric fireplace
home cinema
in-unit washer/dryer
intercom system
heated pool
outdoor kitchen
gas fire pit
Building Details
Year built
2013
Floors in Building
2
Flooring type
Hardwood, Carpet, Tile
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Xiao (Emma) Zhu
(718) 612-3088
Added: Aug 19
Last Checked: Aug 24 at 6:06AM
MLS# 503911
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 1,551-square-foot duplex, built in 2013, combines extensive interior improvements with substantial recreational features. The main level includes an open living and dining arrangement, marble-look tile, custom molding, wainscoting, an electric fireplace, and a remodeled kitchen with solid wood cabinetry, granite counters, a quartz island, backsplash, and coffee bar. Upper-level accommodations include three bedrooms, two full bathrooms, hardwood flooring, a walk-in closet, and in-unit laundry. Central air, baseboard heating, an intercom system, and a new hot water tank are also included.
The lower level provides garage storage and a dedicated home cinema with theater seating, surround sound, custom wall treatments, accent lighting, and a starry ceiling. Outdoor improvements include a wraparound heated pool, new pavers and decking, a grill island, electric smoker, and gas fire pit. The property is located at 96 Sweetgum Lane in Staten Island, within zoning designation R3-2 and near Staten Island Mall, shopping, dining, fitness centers, parks, golf, and educational options.
The lower level provides garage storage and a dedicated home cinema with theater seating, surround sound, custom wall treatments, accent lighting, and a starry ceiling. Outdoor improvements include a wraparound heated pool, new pavers and decking, a grill island, electric smoker, and gas fire pit. The property is located at 96 Sweetgum Lane in Staten Island, within zoning designation R3-2 and near Staten Island Mall, shopping, dining, fitness centers, parks, golf, and educational options.
Key Highlights
- 1,551‑square‑foot duplex on a 0.0468‑acre lot
- R3‑2 zoning at 96 Sweetgum Lane, Staten Island, NY 10314
- Three bedrooms with two full bathrooms and an additional half bath
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
$42,303
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
4.71%
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%
$846,060
$846.1K
Cap Rate 7%
$604,329
$604.3K
Cap Rate 9%
$470,033
$470.0K
Market Conditions
NOI Build-Up for 1,551 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
$63.3K $40.80/SF
− Vacancy
−$2.8K −$1.84/SF
EGI
$60.4K $38.96/SF
− OpEx
−$18.1K −$11.69/SF
NOI
$42.3K $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%
$846,060
Cap Rate 7%
$604,329
Cap Rate 9%
$470,033
Alternative Uses
Best Use
Multifamily LT 5
$604.3K
$528.8K – $705.1K
NOI $42,303 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$560.4K
$490.3K – $653.8K
NOI $39,227 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$740.1K
$647.6K – $863.4K
NOI $51,804 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
585
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
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 - Renovated duplex with a finished lower level, private outdoor amenities, and updated interior systems.
Where is this duplex located?
The property is located at 96 Sweetgum Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 1,551‑square‑foot duplex on a 0.0468‑acre lot; R3‑2 zoning at 96 Sweetgum Lane, Staten Island, NY 10314; Three bedrooms with two full bathrooms and an additional half bath
