Two-Family High Ranch
For Sale
$1,359,000
22 Mason Blvd, Staten Island, NY 10309
Detached two-family home features large living levels, a finished basement with kitchen hookups, and central plus ductless A/C.
Property Size3,000 SF
Days on Market46
Property Features for 22 Mason Blvd
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$11,553
Building Details
Building Size
3,000 SF
Year Built
1986
Stories
2
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Diane Yetman
(718) 667-8000
Source:
Elliman
Added: Jul 9
Changed: Aug 22
Last Checked: Aug 23 at 7:33AM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
Welcome to 22 Mason Blvd in Staten Island, a detached two-family high ranch offering two large, level living areas plus a full finished basement. The layout includes multiple bedrooms and bathrooms across the home, with Level 1 featuring an entry, garage, family room, a half bath, and access to both the basement and the backyard area, along with a large one-bedroom apartment accessible from the level.
Level 2 offers an expansive living/dining area, an eat-in kitchen, a newer full bath, and three large bedrooms, including a primary bedroom with a private 3/4 bath. The basement is fully finished with a 3/4 bath, utilities, and hookups for a kitchen.
Additional improvements noted include newer siding, windows, and electric, as well as solar, newer baths, central A/C, and ductless A/C. Outdoor amenities highlighted include a resort-style backyard with a pool and basketball court. The property also includes an attic with some flooring, and Level 1 access to a side yard.
Level 2 offers an expansive living/dining area, an eat-in kitchen, a newer full bath, and three large bedrooms, including a primary bedroom with a private 3/4 bath. The basement is fully finished with a 3/4 bath, utilities, and hookups for a kitchen.
Additional improvements noted include newer siding, windows, and electric, as well as solar, newer baths, central A/C, and ductless A/C. Outdoor amenities highlighted include a resort-style backyard with a pool and basketball court. The property also includes an attic with some flooring, and Level 1 access to a side yard.
Key Highlights
- Two‑family detached home built in 1986 in Rossville, Staten Island
- Large high‑ranch layout with two sizable levels of living space plus a full finished basement
- Finished basement includes 3/4 bath, utilities, and hookups for a kitchen
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
$74,605
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
5.49%
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%
$1,492,100
$1.5M
Cap Rate 7%
$1,065,786
$1.1M
Cap Rate 9%
$828,944
$828.9K
Market Conditions
NOI Build-Up for 3,000 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
$111.6K $37.20/SF
− Vacancy
−$5.0K −$1.67/SF
EGI
$106.6K $35.53/SF
− OpEx
−$32.0K −$10.66/SF
NOI
$74.6K $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%
$1,492,100
Cap Rate 7%
$1,065,786
Cap Rate 9%
$828,944
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$932.6K – $1.24M
NOI $74,605 @ 7.0% cap · market cap 5.49%
Second Best
Apartment 5plus
$950.4K
$831.6K – $1.11M
NOI $66,528 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,201 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
424
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family home features large living levels, a finished basement with kitchen hookups, and central plus ductless A/C.
Where is this duplex located?
The property is located at 22 Mason Blvd Staten Island, NY.
What is the asking price?
The asking price for this property is $1,359,000.
What are key features of this property?
This property features: Two‑family detached home built in 1986 in Rossville, Staten Island; Large high‑ranch layout with two sizable levels of living space plus a full finished basement; Finished basement includes 3/4 bath, utilities, and hookups for a kitchen
