Detached Duplex with
New
For Sale
$1,099,000
24 E Figurea Avenue, Staten Island, NY 10308
Residential Income, Staten Island, NY
Property Size1,720 SF
Lot Size0.10 Acres
Price / SF$638.95
Days on Market5
Property Features for 24 E Figurea Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 3
Parking features
Open
Patio and Porch features
Patio, Deck
Fencing
Fenced
Lot features
Back Yard
Subdivision
Great Kills
Standard status
Active
APN
05467-0035
Size
1,720 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
5828
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
wood burning fireplace
patio
attic
laundry room
family room
large backyard
Building Details
Year built
1960
Floors in Building
2
Number of units
1
Building materials
Brick, Vinyl Siding
Architectural style
Ranch
Listing Agency:
Prime Time Real Estate, Inc.
Listed By:
Frank Surace · License #11783
(718) 980-3000
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 21 at 9:06PM
MLS# 2605282
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 detached two-family ranch residence provides 1,720 square feet of living area on a 0.0951-acre lot. The main residence includes a living room, dining room, eat-in kitchen, family room, attic, laundry room, wood-burning fireplace, and a patio. The one-bedroom side apartment was renovated within the last 5 years.
Exterior features include a deck, fenced backyard, and a one-car garage, with additional driveway parking for two cars. Brick and vinyl siding, natural gas forced-air heating, central air conditioning, and public sewer serve the property. Located in Great Kills, Staten Island, the home is near transportation, restaurants, and shopping.
Exterior features include a deck, fenced backyard, and a one-car garage, with additional driveway parking for two cars. Brick and vinyl siding, natural gas forced-air heating, central air conditioning, and public sewer serve the property. Located in Great Kills, Staten Island, the home is near transportation, restaurants, and shopping.
Key Highlights
- Detached two‑family ranch residence with 1,720 square feet of living area
- 0.0951‑acre lot with fenced backyard, deck, and patio
- One‑bedroom side apartment renovated within the last 5 years
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
$42,773
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
3.89%
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%
$855,460
$855.5K
Cap Rate 7%
$611,043
$611.0K
Cap Rate 9%
$475,256
$475.3K
Market Conditions
NOI Build-Up for 1,720 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
$64.0K $37.20/SF
− Vacancy
−$2.9K −$1.67/SF
EGI
$61.1K $35.53/SF
− OpEx
−$18.3K −$10.66/SF
NOI
$42.8K $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%
$855,460
Cap Rate 7%
$611,043
Cap Rate 9%
$475,256
Alternative Uses
Best Use
Multifamily LT 5
$611.0K
$534.7K – $712.9K
NOI $42,773 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$544.9K
$476.8K – $635.7K
NOI $38,143 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$820.7K
$718.1K – $957.5K
NOI $57,448 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - R3A-zoned property offers separate living space, outdoor areas, and convenient access to transportation, dining, and shopping.
Where is this duplex located?
The property is located at 24 E Figurea Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Detached two‑family ranch residence with 1,720 square feet of living area; 0.0951‑acre lot with fenced backyard, deck, and patio; One‑bedroom side apartment renovated within the last 5 years
