Semi-Attached Duplex with Finished
For Sale
$718,000
97 Thollen Street, Staten Island, NY 10306
Residential, Staten Island, NY
Property Size1,232 SF
Lot Size0.06 Acres
Price / SF$582.79
Days on Market9
Property Features for 97 Thollen Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 3, Bedroom 1, Laundry Room, Bedroom 2, Dining Room, Family Room, Laundry Room, Bathroom 2
Parking features
On Street, Off Street
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Exterior features
Balcony
Basement
Finished
Appliances
Dishwasher, Dryer, Washer
Lot features
Back Yard
Subdivision
Bay Terrace
Standard status
Active
APN
05026-0088
Size
1,232 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6175
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
patio
balcony
finished basement
wet bar
attic
shed
Building Details
Year built
1975
Floors in Building
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Master Associates Inc.
(718) 987-3000
Listed By:
Edie Lederman
(718) 938-6688
Added: Sep 23
Changed: Sep 29
Last Checked: Oct 1 at 5:06PM
MLS# 2605382
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.
This semi-attached duplex offers 1,232 square feet of interior space on a 0.0601-acre lot. The home includes a sunken living room, formal dining room, eat-in kitchen, three bedrooms, two full bathrooms, and a finished basement with a family room or additional bedroom, sitting area, wet bar, laundry area, utility room, and storage. A primary bedroom balcony, oak hardwood floors beneath carpeting, central air, forced-air natural gas heat, and included washer and dryer add to the property’s functional layout.
Outdoor features include an oversized backyard patio, shed, rear gas and electric lines, and a new concrete driveway with capacity for three cars. Built in 1975 with brick and vinyl siding, the property also provides public sewer service, on-street parking, and off-street parking. It is within walking distance of bus and train service, restaurants, shopping, schools, and Gateway National Park.
Outdoor features include an oversized backyard patio, shed, rear gas and electric lines, and a new concrete driveway with capacity for three cars. Built in 1975 with brick and vinyl siding, the property also provides public sewer service, on-street parking, and off-street parking. It is within walking distance of bus and train service, restaurants, shopping, schools, and Gateway National Park.
Key Highlights
- 1,232‑square‑foot semi‑attached duplex on a 0.0601‑acre lot
- Finished basement with family room or additional bedroom, wet bar, laundry, utility room, and storage
- Three bedrooms and two full bathrooms
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
$31,295
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
4.36%
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%
$625,900
$625.9K
Cap Rate 7%
$447,071
$447.1K
Cap Rate 9%
$347,722
$347.7K
Market Conditions
NOI Build-Up for 1,232 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
$47.3K $38.40/SF
− Vacancy
−$2.6K −$2.11/SF
EGI
$44.7K $36.29/SF
− OpEx
−$13.4K −$10.89/SF
NOI
$31.3K $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%
$625,900
Cap Rate 7%
$447,071
Cap Rate 9%
$347,722
Alternative Uses
Best Use
Multifamily LT 5
$447.1K
$391.2K – $521.6K
NOI $31,295 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$397.3K
$347.6K – $463.5K
NOI $27,809 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$587.8K
$514.4K – $685.8K
NOI $41,149 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
377
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
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 - Brick-and-vinyl-sided duplex with flexible living areas, outdoor space, parking, and convenient access to transit and local amenities.
Where is this duplex located?
The property is located at 97 Thollen Street Staten Island, NY.
What is the asking price?
The asking price for this property is $718,000.
What are key features of this property?
This property features: 1,232‑square‑foot semi‑attached duplex on a 0.0601‑acre lot; Finished basement with family room or additional bedroom, wet bar, laundry, utility room, and storage; Three bedrooms and two full bathrooms
