New Construction
For Sale
$1,245,000
124 Castleton Avenue, Staten Island, NY 10301
MULTI_FAMILY - Staten Island, NY
Property Size2,700 SF
Lot Size0.10 Acres
Price / SF$461.11
Days on Market40
Property Features for 124 Castleton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3X
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 5, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 4
Parking features
Driveway, Garage
Basement
Finished
Lot features
Back Yard
Subdivision
Silver Lake
Standard status
Active
Size
2,700 SF
Lot size
0.10 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Amenities
stainless steel appliances
washer/dryer
attic storage
finished basement
tiled floors
laundry room
Building Details
Year built
2026
Floors in Building
2
Number of units
1
Building materials
Stucco
Listing Agency:
Hometime Estates LLC
(718) 524-0400
Listed By:
Albert Haxhini
(347) 628-7087
Added: Jul 20
Changed: Aug 17
Last Checked: Aug 28 at 8:06AM
MLS# 2602981
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 duplex is under construction with 2,700 square feet of finished property area on a 0.0958-acre lot. The two-unit layout includes separate living and dining areas, full bathrooms, contemporary kitchens with stainless steel appliances, and individual washers and dryers. Each unit also has a primary suite with its own full bath, separate shower, and walk-in closet.
A fully finished basement provides a separate entrance, tiled floors, laundry room, and full bathroom. Additional improvements include attic storage, a one-car garage, driveway parking, stucco construction, electric forced-air heating, a sprinkler system, and public sewer service. The property is designated R3X and carries a 2026 year built date.
Located at 124 Castleton Avenue in Staten Island, the property is about 5 minutes from the Verrazzano-Narrows Bridge. S46 and S52 bus service is available at the corner, with additional express and local routes one block away.
A fully finished basement provides a separate entrance, tiled floors, laundry room, and full bathroom. Additional improvements include attic storage, a one-car garage, driveway parking, stucco construction, electric forced-air heating, a sprinkler system, and public sewer service. The property is designated R3X and carries a 2026 year built date.
Located at 124 Castleton Avenue in Staten Island, the property is about 5 minutes from the Verrazzano-Narrows Bridge. S46 and S52 bus service is available at the corner, with additional express and local routes one block away.
Key Highlights
- 2,700‑square‑foot duplex on a 0.0958‑acre lot
- Two‑unit 6‑over‑6 layout with stainless steel appliance packages
- Each unit includes in‑unit washer and dryer, primary suite, and private full bath
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
$67,144
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
5.39%
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%
$1,342,880
$1.3M
Cap Rate 7%
$959,200
$959.2K
Cap Rate 9%
$746,044
$746.0K
Market Conditions
NOI Build-Up for 2,700 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
$100.4K $37.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$95.9K $35.53/SF
− OpEx
−$28.8K −$10.66/SF
NOI
$67.1K $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%
$1,342,880
Cap Rate 7%
$959,200
Cap Rate 9%
$746,044
Alternative Uses
Best Use
Multifamily LT 5
$959.2K
$839.3K – $1.12M
NOI $67,144 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$855.4K
$748.4K – $997.9K
NOI $59,875 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,181 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,732
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 - Two residential units feature modern kitchens, private baths, in-unit laundry, and additional finished space below grade.
Where is this duplex located?
The property is located at 124 Castleton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: 2,700‑square‑foot duplex on a 0.0958‑acre lot; Two‑unit 6‑over‑6 layout with stainless steel appliance packages; Each unit includes in‑unit washer and dryer, primary suite, and private full bath
