Spacious Two-Family Home in Staten
For Sale
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102 Saxon Avenue, Staten Island, NY 10314
Large two-family home in New Springville with desirable features.
Property Size3,132 SF
Price / SF$367.18
Days on Market106
Property Features for 102 Saxon Avenue
General Information
Standard status
Active
Size
3,132 SF
Property subtype
Multifamily
Zoning
R3-1
Building Details
Year Built
1970
Stories
2
Units
2
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Eileen Pinto · License #10301206954
(718) 619-1938
Source:
Crexi
Added: May 22
Changed: Aug 21
Last Checked: Sep 1 at 6:25PM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This extra-large two-family high ranch is situated in the desirable New Springville area. The first floor includes a foyer, garage, half bath, laundry area, access to the basement, and a large family room with sliders leading to an enclosed porch, above-ground pool, and yard. A split-level apartment features a private side entrance, a kitchen with granite countertops and backsplash, a living room with vinyl flooring, a full bath, two bedrooms, and hardwood floors. The second floor offers a living room, dining room, eat-in kitchen with granite countertops and backsplash, a brand new stove, an updated full bath, three bedrooms, and an attic for storage, with hardwood floors throughout. The basement is full and unfinished, providing utilities and storage space. The property is conveniently located minutes from public transportation, the Staten Island Mall, shopping, restaurants, and HWY 278 & 440 to New Jersey, with both off and on-street parking available. The property size is 3132 square feet.
Key Highlights
- Two‑family high ranch in desirable New Springville location.
- First floor features a large family room with access to an enclosed porch, above‑ground pool, and yard.
- Split‑level apartment with private entrance and granite countertops, features two bedrooms.
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
$85,425
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
7.43%
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%
$1,708,500
$1.7M
Cap Rate 7%
$1,220,357
$1.2M
Cap Rate 9%
$949,167
$949.2K
Market Conditions
NOI Build-Up for 3,132 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
$127.8K $40.80/SF
− Vacancy
−$5.8K −$1.84/SF
EGI
$122.0K $38.96/SF
− OpEx
−$36.6K −$11.69/SF
NOI
$85.4K $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%
$1,708,500
Cap Rate 7%
$1,220,357
Cap Rate 9%
$949,167
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,425 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$1.13M
$990.2K – $1.32M
NOI $79,212 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,610 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
712
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 - Large two-family home in New Springville with desirable features.
Where is this duplex located?
The property is located at 102 Saxon Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑family high ranch in desirable New Springville location.; First floor features a large family room with access to an enclosed porch, above‑ground pool, and yard.; Split‑level apartment with private entrance and granite countertops, features two bedrooms.
