Renovated Two-Family
For Sale
$995,000
98 Robin Road, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size1,800 SF
Lot Size0.09 Acres
Price / SF$552.78
Days on Market142
Property Features for 98 Robin Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 1
Parking features
Garage, Off Street
Patio and Porch features
Patio
Interior features
Walk-In Closet(s)
Basement
Finished, Full
Subdivision
South Beach
Standard status
Active
Size
1,800 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5553
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1930
Floors in Building
3
Number of units
2
Building materials
Stone
Architectural style
Colonial
Listing Agency:
Connie Profaci Realty
(718) 667-9100
Listed By:
JoAnn DellaRocca
(718) 614-2676
Added: Apr 9
Changed: Aug 27
Last Checked: Aug 28 at 7:06AM
MLS# 2601855
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 1,800-square-foot two-family Colonial, built in 1930, has been renovated with two kitchens, four bathrooms, and comfortable living areas. The finished lower level includes a separate entrance, while central air, natural-gas hot-water heat, a walk-in closet, and a patio add to the property’s functional layout. Stone construction and R3-1 zoning complete the core property profile.
The 0.0861-acre parcel provides a two-car garage and off-street parking for six vehicles. Public sewer service is in place. The property is near the Verrazano Bridge, express bus service, beaches, parks, shopping, and restaurants, with an address on Robin Road in Staten Island’s 10305 postal area.
The 0.0861-acre parcel provides a two-car garage and off-street parking for six vehicles. Public sewer service is in place. The property is near the Verrazano Bridge, express bus service, beaches, parks, shopping, and restaurants, with an address on Robin Road in Staten Island’s 10305 postal area.
Key Highlights
- Renovated two‑family property with 1,800 square feet of space
- Two kitchens and 4 bathrooms, including updated tiled bathrooms
- Finished lower level with separate entrance
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
$47,259
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
4.75%
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%
$945,180
$945.2K
Cap Rate 7%
$675,129
$675.1K
Cap Rate 9%
$525,100
$525.1K
Market Conditions
NOI Build-Up for 1,800 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
$73.4K $40.80/SF
− Vacancy
−$5.9K −$3.29/SF
EGI
$67.5K $37.51/SF
− OpEx
−$20.3K −$11.25/SF
NOI
$47.3K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
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%
$945,180
Cap Rate 7%
$675,129
Cap Rate 9%
$525,100
Alternative Uses
Best Use
Multifamily LT 5
$675.1K
$590.7K – $787.7K
NOI $47,259 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$621.2K
$543.5K – $724.7K
NOI $43,481 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,120 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Stone Colonial offering two kitchens, finished lower-level space, private parking, and a two-car garage.
Where is this duplex located?
The property is located at 98 Robin Road Staten Island, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Renovated two‑family property with 1,800 square feet of space; Two kitchens and 4 bathrooms, including updated tiled bathrooms; Finished lower level with separate entrance
