Detached Two-Family Colonial
For Sale
$1,450,000
Pending
487 Woodrow Road, Staten Island, NY 10312
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size3,272 SF
Lot Size0.10 Acres
Days on Market123
Property Features for 487 Woodrow Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3-1
Bedrooms
8
Bathrooms
5
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 8, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 7
Parking features
Driveway
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Woodrow
Standard status
Pending
Size
3,272 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
4876
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Building materials
Stone, Stucco, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Chia Chen · License #10401317469
(718) 987-7900
Added: Apr 24
Changed: Aug 2
Last Checked: Aug 24 at 9:06PM
MLS# 2602224
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 Colonial home is currently under construction and designed as a spacious “7 over 7” layout. The property totals 8 bedrooms and 5 bathrooms across a 22.6 x 72.4-foot footprint, with 3,272 square feet of building area. The home is scheduled for a 2026 build year and features stone, stucco, and vinyl siding construction.
The property sits on a 0.0999-acre lot and is served by public sewer. Heating is electric forced air, and the home includes central air cooling. Parking is available via a driveway.
The Woodrow Section location places the property near public transportation, with the Staten Island Mall and Costco minutes away.
The property sits on a 0.0999-acre lot and is served by public sewer. Heating is electric forced air, and the home includes central air cooling. Parking is available via a driveway.
The Woodrow Section location places the property near public transportation, with the Staten Island Mall and Costco minutes away.
Key Highlights
- Detached two‑family Colonial home under construction with 2026 build year
- 8 bedrooms and 5 bathrooms across a 22.6 x 72.4‑foot footprint
- Zoned R3‑1
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
$80,854
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
5.58%
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%
$1,617,080
$1.6M
Cap Rate 7%
$1,155,057
$1.2M
Cap Rate 9%
$898,378
$898.4K
Market Conditions
NOI Build-Up for 3,272 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
$125.6K $38.40/SF
− Vacancy
−$10.1K −$3.10/SF
EGI
$115.5K $35.30/SF
− OpEx
−$34.7K −$10.59/SF
NOI
$80.9K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,617,080
Cap Rate 7%
$1,155,057
Cap Rate 9%
$898,378
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,854 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$1.02M
$889.2K – $1.19M
NOI $71,135 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,286 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Zoned R3-1 and under construction, this detached two-family Colonial includes 8 bedrooms and 5 bathrooms.
Where is this duplex located?
The property is located at 487 Woodrow Road Staten Island, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Detached two‑family Colonial home under construction with 2026 build year; 8 bedrooms and 5 bathrooms across a 22.6 x 72.4‑foot footprint; Zoned R3‑1
