Two-Family Center Hall
1047 Edgegrove Avenue Staten Island, NY 10309
For Sale
Contact for pricing
Pending
New construction two-family home with gas features, curved staircase, and radiant in-floor heating plus baseboard hot water.
Property Size3,101 SF
Days on Market340
Property Features for 1047 Edgegrove Avenue
General Information
- Standard status
- Pending
- Size
- 3,101 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing Agency:
Barbara A. Smith
(718) 667-9100
Listed By:
Barbara Smith · License #10351207568
Source:
Crexi
Added: Aug 20, 2025
Changed: Jul 22
Last Checked: Jul 25 at 2:46AM
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 Barbara A. Smith
Investment Insights
Based on property information with market context.
This new-construction two-family center hall colonial offers a grand two-story foyer with a curved staircase and custom iron double doors. The main level includes a large custom kitchen opening to a family room with a gas fireplace, along with an oversized island with quartz waterfall countertop, a walk-in pantry, and a butler’s bar. Upgrades include Pella windows, hardwood floors, custom molding, and arched openings.
The layout includes four spacious bedrooms on the upper level, including a master suite with a large walk-in closet and a five-piece bath with double sinks, plus tray ceilings and a second-floor laundry. Heating is supported by a mix of radiant in-floor heating on the first floor and in the baths, along with baseboard hot water.
The exterior features a natural stone and stucco finish, high-hats, and a front porch with an attached garage. The second unit offers flexibility as a studio or one-bedroom option, and the home is described as being in model condition with photos reflecting the model home and time to choose finishes.
The layout includes four spacious bedrooms on the upper level, including a master suite with a large walk-in closet and a five-piece bath with double sinks, plus tray ceilings and a second-floor laundry. Heating is supported by a mix of radiant in-floor heating on the first floor and in the baths, along with baseboard hot water.
The exterior features a natural stone and stucco finish, high-hats, and a front porch with an attached garage. The second unit offers flexibility as a studio or one-bedroom option, and the home is described as being in model condition with photos reflecting the model home and time to choose finishes.
Key Highlights
- New construction 2‑family center hall colonial built in 2025
- Gas features include a gas fireplace in the kitchen‑family room area and gas available in the home
- Grand 2‑story foyer with curved staircase and custom iron double doors
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.4k | $37.20 |
| − Vacancy | −$5.2k | −$1.67 |
| EGI | $110.2k | $35.53 |
| − OpEx | −$33.0k | −$10.66 |
| NOI | $77.1k | $24.87 |
3,101 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$964.0K – $1.29M
NOI $77,116 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$982.4K
$859.6K – $1.15M
NOI $68,768 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,574 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - New construction two-family home with gas features, curved staircase, and radiant in-floor heating plus baseboard hot water.
Where is this duplex located?
The property is located at 1047 Edgegrove Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,639,900.
What are key features of this property?
This property features: New construction 2‑family center hall colonial built in 2025; Gas features include a gas fireplace in the kitchen‑family room area and gas available in the home; Grand 2‑story foyer with curved staircase and custom iron double doors
