New Two-Family
For Sale
$1,599,000
Pending
12 Grant Pl, Staten Island, NY 10306
Newly constructed two-family home with a 7/7 layout and three levels totaling 4,215 square feet of living space.
Property Size4,215 SF
Days on Market367
Property Features for 12 Grant Pl
General Information
Standard status
Pending
Size
4,215 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2025
Stories
3
Listing Agency:
Precious Properties Corp.
Listed By:
Tianting "Tim" Huang · License #10301213479
(646) 533-1900
Source:
Statenislandhomelistings
Added: Sep 9, 2025
Changed: Sep 9
Last Checked: Sep 9 at 11:19AM
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 Precious Properties Corp.
Investment Insights
Based on property information with market context.
Newly constructed oversized two-family residence designed with a 7/7 layout. The home features three above-ground floors totaling 4,215 square feet of living space, built on a 28' wide by 55' deep footprint. The first floor offers a wide open floor plan with two separate entrances. The second and third floors each include four bedrooms and two full bathrooms, with walk-in closets in three bedrooms per apartment, plus generous living and dining areas and large kitchens ready to be customized.
The property is conveniently located just above Hylan Boulevard in Staten Island’s 10306 area, close to shopping, restaurants, and neighborhood amenities. Public transportation is easily accessible, with local S79 and SIM7 express buses providing direct service to both Brooklyn and Manhattan.
12 Grant Place is offered for sale as a brand-new, spacious two-family home with independent entrances on the first level and well-sized units across the upper floors.
The property is conveniently located just above Hylan Boulevard in Staten Island’s 10306 area, close to shopping, restaurants, and neighborhood amenities. Public transportation is easily accessible, with local S79 and SIM7 express buses providing direct service to both Brooklyn and Manhattan.
12 Grant Place is offered for sale as a brand-new, spacious two-family home with independent entrances on the first level and well-sized units across the upper floors.
Key Highlights
- Newly constructed two‑family residence with 7/7 layout across 3 above‑ground floors and 4,215 SF of living space
- Built on a 28' wide by 55' deep footprint with an oversized design in centrally located 10306
- 2 separate entrances and a wide open first‑floor layout
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
$107,068
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
6.70%
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%
$2,141,360
$2.1M
Cap Rate 7%
$1,529,543
$1.5M
Cap Rate 9%
$1,189,644
$1.2M
Market Conditions
NOI Build-Up for 4,215 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
$161.9K $38.40/SF
− Vacancy
−$8.9K −$2.11/SF
EGI
$153.0K $36.29/SF
− OpEx
−$45.9K −$10.89/SF
NOI
$107.1K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /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%
$2,141,360
Cap Rate 7%
$1,529,543
Cap Rate 9%
$1,189,644
Alternative Uses
Best Use
Multifamily LT 5
$1.53M
$1.34M – $1.78M
NOI $107,068 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,141 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,782 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 - Newly constructed two-family home with a 7/7 layout and three levels totaling 4,215 square feet of living space.
Where is this duplex located?
The property is located at 12 Grant Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Newly constructed two‑family residence with 7/7 layout across 3 above‑ground floors and 4,215 SF of living space; Built on a 28' wide by 55' deep footprint with an oversized design in centrally located 10306; 2 separate entrances and a wide open first‑floor layout
