Duplex with Inground
For Sale
$899,999
Pending
17 Red Cedar Lane, Staten Island, NY 10309
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size2,704 SF
Lot Size0.10 Acres
Days on Market153
Property Features for 17 Red Cedar Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 1
Parking features
Garage, Off Street, On Street
Patio and Porch features
Patio, Deck
Lot features
Back Yard
Subdivision
Woodrow
Standard status
Pending
APN
07267-0189
Size
2,704 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
9053
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
inground pool
sauna
Building Details
Year built
1996
Floors in Building
3
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Joanna Kaszuba · License #10401253986
(718) 987-7900
Added: Mar 23
Changed: Aug 2
Last Checked: Aug 22 at 1:06PM
MLS# 2601483
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 two-family semi duplex offers a spacious, well-laid-out home with an inground pool and paver patio, plus covered outdoor space with a patio and deck. Built in 1996 with brick and vinyl siding, the property includes central air and forced-air natural gas heating, with public sewer service. The main unit features an EIK, living/dining combo, a primary bedroom with bath, two additional bedrooms with a full bath, and a sauna. Additional space includes a garage, and the layout also provides one-bedroom rental space for added flexibility.
Located in the heart of Woodrow, the home is conveniently positioned near shopping, parks, transportation, and an expressway.
Recent improvements include a newer roof (2018), newer windows (2020), and new furnace and water heater. Parking is available with a garage, off-street spaces, and on-street options, supporting both daily use and tenant/guest access.
Located in the heart of Woodrow, the home is conveniently positioned near shopping, parks, transportation, and an expressway.
Recent improvements include a newer roof (2018), newer windows (2020), and new furnace and water heater. Parking is available with a garage, off-street spaces, and on-street options, supporting both daily use and tenant/guest access.
Key Highlights
- R3‑1 zoned two‑family semi duplex with public sewer service
- Inground pool with paver patio plus patio and deck for outdoor living
- Newer roof (2018) and newer windows (2020)
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
$67,244
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
7.47%
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%
$1,344,880
$1.3M
Cap Rate 7%
$960,629
$960.6K
Cap Rate 9%
$747,156
$747.2K
Market Conditions
NOI Build-Up for 2,704 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
$100.6K $37.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$96.1K $35.53/SF
− OpEx
−$28.8K −$10.66/SF
NOI
$67.2K $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%
$1,344,880
Cap Rate 7%
$960,629
Cap Rate 9%
$747,156
Alternative Uses
Best Use
Multifamily LT 5
$960.6K
$840.6K – $1.12M
NOI $67,244 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$856.6K
$749.6K – $999.4K
NOI $59,964 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,314 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
338
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family semi on R3-1 zoned lot with inground pool, central air, garage parking, and multiple interior upgrades.
Where is this duplex located?
The property is located at 17 Red Cedar Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: R3‑1 zoned two‑family semi duplex with public sewer service; Inground pool with paver patio plus patio and deck for outdoor living; Newer roof (2018) and newer windows (2020)
