Colonial Duplex with
New
For Sale
$1,449,000
587 Ramona Avenue, Staten Island, NY 10309
Residential, Colonial, Staten Island, NY
Property Size3,018 SF
Lot Size0.11 Acres
Price / SF$480.12
Days on Market4
Property Features for 587 Ramona Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 4, Bedroom 5
Patio and Porch features
Porch
Interior features
Central Air, Dishwasher, Dryer, Fireplace, Garage Door Opener(s), Laundry Area, Pool, Porch, Refrigerator, Stove, Washer
Fireplace
1
Basement
Finished, Partial
Subdivision
Woodrow
Standard status
Active
Size
3,018 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
12458
Amenities
pool
garage
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Granite, Tile
Building materials
Wood Frame
Architectural style
Colonial
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Ping Chen · License #PC7262
(917) 536-3632
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 21 at 6:06PM
MLS# 504675
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 2006 Colonial duplex presents approximately 3,018 square feet on a 0.1148-acre lot. The primary residence includes a two-story foyer, formal living and dining rooms, a family room, eat-in kitchen, powder room, laundry area, and an upper level with hardwood flooring. The primary suite includes two walk-in closets and a private bath with a Jacuzzi tub, separate shower, and double vanity. Central air, a fireplace, Andersen windows, recessed lighting, and an attached garage add to the interior and functional features.
A separate apartment has its own side entrance, kitchen, living area, additional room, and private laundry room. Outdoor improvements include a paved backyard, porch, and in-ground swimming pool. The property is located at 587 Ramona Avenue in Staten Island, near shopping, dining, and transportation, with R3X zoning.
A separate apartment has its own side entrance, kitchen, living area, additional room, and private laundry room. Outdoor improvements include a paved backyard, porch, and in-ground swimming pool. The property is located at 587 Ramona Avenue in Staten Island, near shopping, dining, and transportation, with R3X zoning.
Key Highlights
- Approximately 3,018 square feet on a 0.1148‑acre lot
- Separate apartment with private side entrance, kitchen, living area, extra room, and laundry
- In‑ground swimming pool with paved backyard and porch
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
$75,052
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
5.18%
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%
$1,501,040
$1.5M
Cap Rate 7%
$1,072,171
$1.1M
Cap Rate 9%
$833,911
$833.9K
Market Conditions
NOI Build-Up for 3,018 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
$112.3K $37.20/SF
− Vacancy
−$5.1K −$1.67/SF
EGI
$107.2K $35.53/SF
− OpEx
−$32.2K −$10.66/SF
NOI
$75.1K $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%
$1,501,040
Cap Rate 7%
$1,072,171
Cap Rate 9%
$833,911
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.2K – $1.25M
NOI $75,052 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$956.1K
$836.6K – $1.12M
NOI $66,927 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,802 @ 7.0% cap · market cap 6.96%
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
333
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
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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 - Well-maintained Colonial duplex with a separate-entry apartment, private outdoor amenities, and an attached garage.
Where is this duplex located?
The property is located at 587 Ramona Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Approximately 3,018 square feet on a 0.1148‑acre lot; Separate apartment with private side entrance, kitchen, living area, extra room, and laundry; In‑ground swimming pool with paved backyard and porch
