Three-Story Two-Family
For Sale
$975,000
Pending
117 Santa Monica Ln, Staten Island, NY 10309
Two-family, ground-level entry duplex with two gas and two electric meters, vacant and ready for occupancy.
Property Size1,831 SF
Days on Market104
Property Features for 117 Santa Monica Ln
General Information
Standard status
Pending
Size
1,831 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
clubhouse
inground pool
snow removal
lamp post
pickle ball court
paving street
Building Details
Year Built
2018
Stories
3
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Ann Grande · License #40GR1025086
(718) 987-7900
Source:
Statenislandhomelistings
Added: May 30
Changed: Sep 10
Last Checked: Sep 9 at 11:23AM
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 three-story, two-family residence is described as having ground-level access with no steps due to the property grade. The home is set up with two gas meters and two electric meters and is noted as vacant and ready. Interior features mentioned include hardwood floors throughout, central air, and 3-zone heat.
The first level is described with a living room, dining room, family room with a gas fireplace, a half bath, and an eat-in kitchen with stainless steel appliances, plus a sliding door to the yard. The second level includes a master bedroom suite with a private full bathroom, two additional bedrooms, a full bath, and a laundry closet with a washer and dryer.
Additional details provided include a security system, a driveway accommodating two-plus cars, and a property described as approximately 107 feet deep. The home is associated with an HOA, with fees noted to include items such as a clubhouse, inground pool, snow removal, lamp post, and pickleball court, along with paving street.
The first level is described with a living room, dining room, family room with a gas fireplace, a half bath, and an eat-in kitchen with stainless steel appliances, plus a sliding door to the yard. The second level includes a master bedroom suite with a private full bathroom, two additional bedrooms, a full bath, and a laundry closet with a washer and dryer.
Additional details provided include a security system, a driveway accommodating two-plus cars, and a property described as approximately 107 feet deep. The home is associated with an HOA, with fees noted to include items such as a clubhouse, inground pool, snow removal, lamp post, and pickleball court, along with paving street.
Key Highlights
- 2017‑built two‑family duplex with ground‑level entry (no steps) and vacant rental ready for occupancy
- 2 gas meters and 2 electric meters
- Approximately 2,700 SF of living space in a quiet cul‑de‑sac within the “Maguire Woods” community
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
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Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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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 - Two-family, ground-level entry duplex with two gas and two electric meters, vacant and ready for occupancy.
Where is this duplex located?
The property is located at 117 Santa Monica Ln 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: 2017‑built two‑family duplex with ground‑level entry (no steps) and vacant rental ready for occupancy; 2 gas meters and 2 electric meters; Approximately 2,700 SF of living space in a quiet cul‑de‑sac within the “Maguire Woods” community
