Duplex with Deck and Finished
For Sale
$999,900
Pending
97 Margaretta Court, Staten Island, NY 10314
MULTI_FAMILY - Staten Island, NY
Property Size3,060 SF
Lot Size0.15 Acres
Days on Market64
Property Features for 97 Margaretta Court
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3
Parking features
Carport
Patio and Porch features
Deck
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Westerleigh
Standard status
Pending
Size
3,060 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
11410
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
2
Number of units
1
Building materials
Stucco
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #0566464
(917) 856-2012
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 24 at 6:06PM
MLS# 2603502
Copyright © 2026 Staten Island Board of Realtors. 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.
Custom-built two-family duplex with two spacious three-bedroom residences and direct backyard access from Unit 1. Unit 1 includes three bathrooms, a finished basement, and the feel of a single-family layout with private outdoor access. Unit 2 offers three bedrooms, one bathroom, and access to a large exterior Trex deck for outdoor use.
The property sits on a 0.1496-acre lot with a 3,060-square-foot structure, built in 1950 with stucco construction. Heating is forced air with natural gas service, and the home has central air. Parking features include a carport and a two-car garage, and sewer service is provided by public sewer.
Interior work is nearly completed with modern custom kitchens, designer bathrooms, custom trim work, and a finished lower level. Remaining work primarily includes exterior stucco completion, entry vestibule finishing, and resolution of existing violations and stop work order requirements. The property is being sold as-is and may require cash or renovation financing such as a 203(k) loan due to completion requirements. Conveniently located near public transportation, parks, restaurants, shopping, and schools.
The property sits on a 0.1496-acre lot with a 3,060-square-foot structure, built in 1950 with stucco construction. Heating is forced air with natural gas service, and the home has central air. Parking features include a carport and a two-car garage, and sewer service is provided by public sewer.
Interior work is nearly completed with modern custom kitchens, designer bathrooms, custom trim work, and a finished lower level. Remaining work primarily includes exterior stucco completion, entry vestibule finishing, and resolution of existing violations and stop work order requirements. The property is being sold as-is and may require cash or renovation financing such as a 203(k) loan due to completion requirements. Conveniently located near public transportation, parks, restaurants, shopping, and schools.
Key Highlights
- R2 zoned two‑family duplex on 0.1496‑acre lot
- 3,060 square feet; built in 1950 with stucco construction
- Two 3‑bedroom residences: Unit 1 with finished basement and backyard access
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
$83,461
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
8.35%
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%
$1,669,220
$1.7M
Cap Rate 7%
$1,192,300
$1.2M
Cap Rate 9%
$927,344
$927.3K
Market Conditions
NOI Build-Up for 3,060 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
$124.8K $40.80/SF
− Vacancy
−$5.6K −$1.84/SF
EGI
$119.2K $38.96/SF
− OpEx
−$35.8K −$11.69/SF
NOI
$83.5K $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%
$1,669,220
Cap Rate 7%
$1,192,300
Cap Rate 9%
$927,344
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,461 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$1.11M
$967.4K – $1.29M
NOI $77,391 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,205 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,631
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 - R2 zoned duplex with two 3-bedroom units, central air, and a Trex deck off Unit 2, sold as-is.
Where is this duplex located?
The property is located at 97 Margaretta Court Staten Island, NY.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: R2 zoned two‑family duplex on 0.1496‑acre lot; 3,060 square feet; built in 1950 with stucco construction; Two 3‑bedroom residences: Unit 1 with finished basement and backyard access
