Detached Two-Family
For Sale
Contact for pricing
99 Cortlandt Street, Staten Island, NY 10302
Detached two-family residence with a full attic and basement, offered in as-is condition.
Property Size2,470 SF
Lot Size0.07 Acres
Price / SF$303.64
Days on Market23
Property Features for 99 Cortlandt Street
General Information
Standard status
Active
Size
2,470 SF
Lot size
0.07 Acres
Property subtype
Multifamily
Zoning
R3A
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Stories
3
Units
2
Listing Agency:
RE/MAX Central
(732) 972-1000
Listed By:
Jose Paucar · License #10301219825
Source:
Crexi
Added: Aug 2
Changed: Aug 23
Last Checked: Aug 24 at 5:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Central
Investment Insights
Based on property information with market context.
This detached two-family property offers 2,470 square feet within a building measuring 20 by 47 feet. The layout includes a full stand-up attic and full basement, providing additional interior space. Built in 1920, the residence requires work and is being offered in as-is, where-is condition.
The 30-by-100-foot lot extends from Cortlandt Street through to Dryden Ct. The property is situated on a residential block in Port Richmond, with shopping, transportation, and schools located nearby. R3A zoning is identified for the property.
The 30-by-100-foot lot extends from Cortlandt Street through to Dryden Ct. The property is situated on a residential block in Port Richmond, with shopping, transportation, and schools located nearby. R3A zoning is identified for the property.
Key Highlights
- Detached two‑family property with 2,470 square feet
- Building measures 20X47
- Full stand‑up attic and full basement
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
$61,424
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
8.19%
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%
$1,228,480
$1.2M
Cap Rate 7%
$877,486
$877.5K
Cap Rate 9%
$682,489
$682.5K
Market Conditions
NOI Build-Up for 2,470 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
$91.9K $37.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$87.7K $35.53/SF
− OpEx
−$26.3K −$10.66/SF
NOI
$61.4K $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%
$1,228,480
Cap Rate 7%
$877,486
Cap Rate 9%
$682,489
Alternative Uses
Best Use
Multifamily LT 5
$877.5K
$767.8K – $1.02M
NOI $61,424 @ 7.0% cap · market cap 8.19%
Second Best
Apartment 5plus
$782.5K
$684.7K – $912.9K
NOI $54,775 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,499 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,904
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
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 - Detached two-family residence with a full attic and basement, offered in as-is condition.
Where is this duplex located?
The property is located at 99 Cortlandt Street Staten Island, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Detached two‑family property with 2,470 square feet; Building measures 20X47; Full stand‑up attic and full basement
