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Brand-New Two-Family Home with Finished Basement

124 Castleton Avenue Staten Island, NY 10301

Claim this Listing
For Sale
$1,275,000

MULTI_FAMILY - Staten Island, NY

Property size:
2,700 SF
Lot size:
0.10 Acres
Price / SF:
$472.22/SF
Added:
May 28, 2026
Days on Market:
48
Last Refresh:
Jul 14 at 5:06 am

Property Features for 124 Castleton Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R3X
Bedrooms
6
Bathrooms
5
Rooms
Bathroom 4, Bedroom 6, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 5, Bedroom 5, Bathroom 2, Bathroom 3
Parking features
Driveway, Garage
Basement
Finished
Standard status
Active
Size
2,700 SF
Lot size
0.10 Acres

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air

Building Details

Year built
2026
Floors in Building
2
Number of units
1
Building materials
Stucco

Listing agent Albert Haxhini

Listing office Hometime Estates LLC 1861 Victory Blvd., Staten Island, NY

Listing date May 28, 2026

MLS# 2602981 Listing URL

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 brand-new two-family home is built around a 6-over-6 layout, providing two self-contained apartments. Each unit includes a bright living room, formal dining room, full bathroom, and a kitchen with stainless steel appliances. The primary bedroom suite features a private full bath with a separate shower and a walk-in closet. For everyday convenience, each unit has its own washer and dryer. The property also includes attic storage, tiled floors, and a fully finished basement with a separate entrance, along with a dedicated laundry room and full bathroom. Additional improvements include a one-car garage and a sprinkler system.

The home is located in Staten Island with convenient access to Manhattan-bound transportation, about 5 minutes from the Verrazzano-Narrows Bridge. Public transit is within easy reach, with the S46 and S52 buses located on the corner and additional express and local buses one block away.

With two separate apartments, this property can support a range of ownership goals, including renting one unit while occupying the other, or using the full home as an income-producing asset. The in-unit laundry, finished basement with separate entry, and modern finishes throughout each unit add practical day-to-day value for tenants or owner-occupants.

Key Highlights

  • Brand‑new two‑family home under construction, built in 2026 with stucco exterior
  • 6‑over‑6 layout with 6 bedrooms and 6 full bathrooms across two units
  • Each unit offers a living room, formal dining room, full bathroom, and kitchen with stainless steel appliances

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $100.4k $37.20
− Vacancy −$4.5k −$1.67
EGI $95.9k $35.53
− OpEx −$28.8k −$10.66
NOI $67.1k $24.87
2,700 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$959.2K
$839.3K – $1.12M (±1% cap)
NOI $67,144 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$855.4K
$748.4K – $997.9K (±1% cap)
NOI $59,875 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M (±1% cap)
NOI $90,181 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency (Bike/Boat/Book/etc) Store Skin Care Clinic Acupuncture Home Appliance Store (Bike/Boat/Book/etc) Store Pet Grooming Service Computer & Electronic Repair Pet Store Building Supply

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Newly built two-family residence with separate basement entrance, in-unit laundry, and a 6-over-6 layout for flexible living or rental use.
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 $1,275,000.
What are key features of this property?
This property features: Brand‑new two‑family home under construction, built in 2026 with stucco exterior; 6‑over‑6 layout with 6 bedrooms and 6 full bathrooms across two units; Each unit offers a living room, formal dining room, full bathroom, and kitchen with stainless steel appliances
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