Duplex with Turnkey
For Sale
$939,000
10 Leona Street, Staten Island, NY 10314
Duplex offers updated roof, siding, hot water heaters, and central heating with an interior ready for customization.
Property Size2,068 SF
Days on Market66
Property Features for 10 Leona Street
General Information
Standard status
Active
Size
2,068 SF
Property subtype
Half Duplex
Taxes and HOA fees
Annual Taxes
$5,501
Building Details
Building Size
2,068 SF
Year Built
1975
Listing Agency:
Reliance Realty One
(917) 332-8987
Listed By:
Tsun Ming "Calvin" Lau · License #10301216684
Source:
Wonicarealtors
Added: Jun 21
Changed: Aug 23
Last Checked: Aug 24 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reliance Realty One
Investment Insights
Based on property information with market context.
This duplex presents a largely turnkey foundation with newer roof and siding, along with hot water heaters and central heating systems. The interior is described as custom-ready, giving a buyer the flexibility to refresh finishes and tailor the living space to their preferences. While the exterior and key mechanicals are positioned for peace of mind, the property is also noted as needing TLC, indicating there is room to improve and modernize the interior to match the buyer’s goals.
Located in Staten Island’s 10314 area, the property is supported by lifestyle convenience metrics included with the listing: a very walkable score of 88 and a good transit score of 58, with bikeability noted at 50. These factors can matter to tenants and owners who value access to everyday destinations without relying solely on a car.
For owner-occupants or investors, this setup can appeal to those looking for fewer major replacements in the near term, paired with the ability to drive interior updates. Because the interior is positioned for customization and the home is described as needing TLC, it may fit best for buyers planning renovations that align with their finish standards and operational approach.
Located in Staten Island’s 10314 area, the property is supported by lifestyle convenience metrics included with the listing: a very walkable score of 88 and a good transit score of 58, with bikeability noted at 50. These factors can matter to tenants and owners who value access to everyday destinations without relying solely on a car.
For owner-occupants or investors, this setup can appeal to those looking for fewer major replacements in the near term, paired with the ability to drive interior updates. Because the interior is positioned for customization and the home is described as needing TLC, it may fit best for buyers planning renovations that align with their finish standards and operational approach.
Key Highlights
- Duplex with newer roof and siding
- Updated hot water heaters and central heating systems
- Interior is ready for customization with finishes, flooring, and paint
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
$56,404
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
6.01%
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%
$1,128,080
$1.1M
Cap Rate 7%
$805,771
$805.8K
Cap Rate 9%
$626,711
$626.7K
Market Conditions
NOI Build-Up for 2,068 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
$84.4K $40.80/SF
− Vacancy
−$3.8K −$1.84/SF
EGI
$80.6K $38.96/SF
− OpEx
−$24.2K −$11.69/SF
NOI
$56.4K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,128,080
Cap Rate 7%
$805,771
Cap Rate 9%
$626,711
Alternative Uses
Best Use
Multifamily LT 5
$805.8K
$705.1K – $940.1K
NOI $56,404 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$747.2K
$653.8K – $871.7K
NOI $52,302 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$986.7K
$863.4K – $1.15M
NOI $69,072 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex offers updated roof, siding, hot water heaters, and central heating with an interior ready for customization.
Where is this duplex located?
The property is located at 10 Leona Street Staten Island, NY.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Duplex with newer roof and siding; Updated hot water heaters and central heating systems; Interior is ready for customization with finishes, flooring, and paint
