Brick Duplex with Finished
For Sale
$826,888
98 Purcell Street, Staten Island, NY 10310
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,438 SF
Lot Size0.05 Acres
Price / SF$575.03
Days on Market13
Property Features for 98 Purcell Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Carport, Underground/Basement, Driveway
Patio and Porch features
Deck
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Fencing
Fenced
Basement
Finished, Full
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Back Yard
Subdivision
Clove Lake
Standard status
Active
APN
00311/0006
Size
1,438 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5812
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Amenities
high ceilings
hardwood flooring
granite countertops
backsplash
central air conditioning
finished basement
Pella windows
sliding door
radiant heated flooring
surround-sound speakers
rear deck with natural gas connection for BBQ
exterior lighting
Jacuzzi tub
separate shower
walk-in closet
Building Details
Year built
2005
Floors in Building
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Skender Alex Fici · License #10301209813
(718) 987-7900
Added: Aug 10
Changed: Aug 14
Last Checked: Aug 22 at 11:06AM
MLS# 2604497
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 1,438-square-foot duplex property is a 2005 semi-attached Colonial with brick construction and a finished basement. The main level combines living and dining areas with hardwood floors, high ceilings, an eat-in kitchen with granite countertops and backsplash, and a half bath. Three bedrooms are located upstairs, including a primary bedroom with a walk-in closet, along with a full bath featuring a Jacuzzi tub and separate shower. Central air conditioning, natural-gas heating, Pella windows, and radiant-heated flooring in select areas add to the physical improvements.
The finished basement includes an additional bathroom and adaptable space for recreation, office, family, or guest use. Exterior features include a rear deck with a natural-gas BBQ connection, exterior lighting, fencing, a carport, driveway, and underground or basement parking. The property is served by public sewer and is zoned R3-1 at 98 Purcell Street, Staten Island, NY 10310.
The finished basement includes an additional bathroom and adaptable space for recreation, office, family, or guest use. Exterior features include a rear deck with a natural-gas BBQ connection, exterior lighting, fencing, a carport, driveway, and underground or basement parking. The property is served by public sewer and is zoned R3-1 at 98 Purcell Street, Staten Island, NY 10310.
Key Highlights
- 1,438‑square‑foot 2005 Colonial duplex with brick construction
- Finished basement with additional bathroom and flexible use areas
- Three bedrooms, including a primary suite with walk‑in closet
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
$35,760
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
4.32%
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%
$715,200
$715.2K
Cap Rate 7%
$510,857
$510.9K
Cap Rate 9%
$397,333
$397.3K
Market Conditions
NOI Build-Up for 1,438 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
$53.5K $37.20/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$51.1K $35.53/SF
− OpEx
−$15.3K −$10.66/SF
NOI
$35.8K $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%
$715,200
Cap Rate 7%
$510,857
Cap Rate 9%
$397,333
Alternative Uses
Best Use
Multifamily LT 5
$510.9K
$447.0K – $596.0K
NOI $35,760 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$455.6K
$398.6K – $531.5K
NOI $31,889 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$686.1K
$600.4K – $800.5K
NOI $48,030 @ 7.0% cap · market cap 5.81%
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
1,857
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
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 - Semi-attached Colonial with updated kitchen finishes, flexible lower-level space, and outdoor entertaining area.
Where is this duplex located?
The property is located at 98 Purcell Street Staten Island, NY.
What is the asking price?
The asking price for this property is $826,888.
What are key features of this property?
This property features: 1,438‑square‑foot 2005 Colonial duplex with brick construction; Finished basement with additional bathroom and flexible use areas; Three bedrooms, including a primary suite with walk‑in closet
