Three-Story Duplex With Separate
For Sale
$975,000
Pending
117 Santa Monica Lane, Staten Island, NY 10309
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size1,831 SF
Lot Size0.07 Acres
Days on Market57
Property Features for 117 Santa Monica Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 3
Parking features
Driveway, Off Street
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Fencing
Fenced
Basement
Apartment, Finished
Lot features
Front Yard, Back Yard
Subdivision
Rossville
Standard status
Pending
Size
1,831 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
8342
HOA Fee
$146 Annually
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Amenities
Security System
Hardwood Floors
Central Air
3 Zone Heat
gas fireplace
SS appliances
Washer/Dryer
Clubhouse
Inground Pool
Snow Removal
Pickle ball court
Lamp post
Building Details
Year built
2018
Floors in Building
3
Number of units
1
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Ann Grande · License #40GR1025086
(718) 987-7900
Added: Jul 3
Changed: Aug 6
Last Checked: Aug 28 at 7:06AM
MLS# 2603730
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 three-story duplex at 117 Santa Monica Lane features an open, multi-level layout with a separate entrance ground-level 1-bedroom apartment. The ground level has no steps due to the property grade and includes a full bathroom, kitchen, and bedroom, with additional space in the basement. Above, the home offers living and dining areas, a family room with a gas fireplace, and an eat-in kitchen with stainless steel appliances, along with a primary suite and additional bedrooms and baths.
The home is built with brick and vinyl siding and was constructed in 2018. Heating is natural gas hot water and includes 3-zone heat, and the property has central air. There are 2 gas meters and 2 electric meters. The property also includes a fenced yard, off-street driveway parking for 2+ cars, security system, hardwood floors throughout, and walk-in closet and ceiling fan features.
Set on a 0.0712-acre lot in an R3-1 zoning district, HOA fees include clubhouse, inground pool, snow removal, lamp post, pickle ball court, and paving street.
The home is built with brick and vinyl siding and was constructed in 2018. Heating is natural gas hot water and includes 3-zone heat, and the property has central air. There are 2 gas meters and 2 electric meters. The property also includes a fenced yard, off-street driveway parking for 2+ cars, security system, hardwood floors throughout, and walk-in closet and ceiling fan features.
Set on a 0.0712-acre lot in an R3-1 zoning district, HOA fees include clubhouse, inground pool, snow removal, lamp post, pickle ball court, and paving street.
Key Highlights
- 0.0712‑acre lot with R3‑1 zoning
- 2018 construction with brick and vinyl siding
- Separate entrance ground‑level 1‑bedroom apartment with no steps
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
$45,534
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
4.67%
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%
$910,680
$910.7K
Cap Rate 7%
$650,486
$650.5K
Cap Rate 9%
$505,933
$505.9K
Market Conditions
NOI Build-Up for 1,831 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
$68.1K $37.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$65.0K $35.53/SF
− OpEx
−$19.5K −$10.66/SF
NOI
$45.5K $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%
$910,680
Cap Rate 7%
$650,486
Cap Rate 9%
$505,933
Alternative Uses
Best Use
Multifamily LT 5
$650.5K
$569.2K – $758.9K
NOI $45,534 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$580.1K
$507.6K – $676.7K
NOI $40,604 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$873.7K
$764.5K – $1.02M
NOI $61,156 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
353
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - R3-1 zoned three-story duplex with central air, fenced yard, and separate entrance ground-level 1-bedroom apartment.
Where is this duplex located?
The property is located at 117 Santa Monica Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 0.0712‑acre lot with R3‑1 zoning; 2018 construction with brick and vinyl siding; Separate entrance ground‑level 1‑bedroom apartment with no steps
