Two-Family Colonial
New
For Sale
$975,000
115 Santa Monica Lane, Staten Island, NY 10309
Residential Income, Staten Island, NY
Property Size1,831 SF
Lot Size0.07 Acres
Price / SF$532.50
Days on Market2
Property Features for 115 Santa Monica Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 4
Parking features
Off Street
Basement
Full
Lot features
Back Yard
Subdivision
Princes Bay
Standard status
Active
APN
5069790076
Size
1,831 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
8400
HOA Fee
$145 Annually
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Amenities
clubhouse
Building Details
Year built
2017
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Huan Kuei Lo · License #10401313713
(347) 335-7946
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 5:06PM
MLS# 2605056
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 2017 semi-attached Colonial is configured as a two-family residence with 1,831 square feet of interior space on a 0.0712-acre lot. The home includes four bedrooms and four bathrooms, with brick and vinyl siding, central air conditioning, hot-water heating, and natural gas service. Off-street parking and public sewer further support everyday residential use. The property is zoned R3X and offers a layout suited to extended-family living, owner occupancy, or rental use.
Located in Staten Island, the home is positioned near shopping, dining, schools, transportation, and major roadways. HOA membership includes access to a clubhouse, adding a shared amenity to the residential setting.
Located in Staten Island, the home is positioned near shopping, dining, schools, transportation, and major roadways. HOA membership includes access to a clubhouse, adding a shared amenity to the residential setting.
Key Highlights
- Two‑family semi‑attached home built in 2017
- 1,831 square feet on a 0.0712‑acre lot
- Four bedrooms and four bathrooms
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
$45,534
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
4.67%
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%
$910,680
$910.7K
Cap Rate 7%
$650,486
$650.5K
Cap Rate 9%
$505,933
$505.9K
Market Conditions
NOI Build-Up for 1,831 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
$68.1K $37.20/SF
− Vacancy
−$3.1K −$1.67/SF
EGI
$65.0K $35.53/SF
− OpEx
−$19.5K −$10.66/SF
NOI
$45.5K $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%
$910,680
Cap Rate 7%
$650,486
Cap Rate 9%
$505,933
Alternative Uses
Best Use
Multifamily LT 5
$650.5K
$569.2K – $758.9K
NOI $45,534 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$580.1K
$507.6K – $676.7K
NOI $40,604 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$873.7K
$764.5K – $1.02M
NOI $61,156 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
353
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Semi-attached residential property with flexible occupancy options, off-street parking, and clubhouse access through the HOA.
Where is this duplex located?
The property is located at 115 Santa Monica Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two‑family semi‑attached home built in 2017; 1,831 square feet on a 0.0712‑acre lot; Four bedrooms and four bathrooms
