New Staten Island Two-Family
12 Simonson Ave Staten Island, NY 10303
For Sale
$848,000
Pending
New two-family home with rental income potential in Staten Island.
Property Size2,223 SF
Days on Market75
Property Features for 12 Simonson Ave
General Information
Standard status
Pending
Size
2,223 SF
Property subtype
Multi Family
Building Details
Year Built
2023
Listing Agency:
Momentum Real Estate LLC
(718) 382-0001
Listed By:
Meijuan (Minnie) Lin · License #10401310408
(718) 382-0001
Source:
Elliman
Added: May 14
Changed: Jul 10
Last Checked: Jul 27 at 11:11AM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This is a new construction two-family home located in Staten Island. The building has an actual area of 2223 square feet. It features central air conditioning throughout, with separate heating systems and water boilers for each unit. The property includes a studio apartment with a full bathroom, suitable for rental income or accommodating extended family. The main unit consists of 3 bedrooms and 2.5 bathrooms (2 full and 1 half), a formal living room, and a kitchen/dining room combination. The property also features a spacious backyard and a private driveway. The location has a walk score of 61, indicating it is somewhat walkable, a bike score of 43, indicating it is somewhat bikeable, and a transit score of 54, indicating good transit options.
Key Highlights
- Brand‑new 2023 construction two‑family home.
- Main unit: Features 3 bedrooms and 2.5 bathrooms, along with a formal living room and kitchen/dining room combination.
- Separate heating systems and water boilers for each unit.
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 | $82.7k | $37.20 |
| − Vacancy | −$3.7k | −$1.67 |
| EGI | $79.0k | $35.53 |
| − OpEx | −$23.7k | −$10.66 |
| NOI | $55.3k | $24.87 |
2,223 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$789.7K
$691.0K – $921.4K
NOI $55,282 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$704.2K
$616.2K – $821.6K
NOI $49,297 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.06M
$928.1K – $1.24M
NOI $74,249 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - New two-family home with rental income potential in Staten Island.
Where is this duplex located?
The property is located at 12 Simonson Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $848,000.
What are key features of this property?
This property features: Brand‑new 2023 construction two‑family home.; Main unit: Features **3 bedrooms and 2.5 bathrooms**, along with a formal living room and kitchen/dining room combination.; Separate heating systems and water boilers for each unit.
