Detached Two-Family
For Sale
$1,455,000
42 Serena Ct, Staten Island, NY 10312
Turn-key detached two-family home built in 2016 with multiple parking options and a finished basement.
Property Size2,600 SF
Lot Size0.12 Acres
Price / SF$559.62
Days on Market43
Property Features for 42 Serena Ct
General Information
Standard status
Active
Size
2,600 SF
Total Parking Spaces
4
Lot size
0.12 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,813
Building Details
Building Size
2,600 SF
Year Built
2016
Stories
3
Tenancy
Multi
Listing Agency:
Ben Bay Realty Co
(718) 238-6080
Listed By:
Anthony Mussolino
(718) 238-6080
Source:
Elliman
Added: Jul 21
Changed: Aug 26
Last Checked: Aug 31 at 5:46PM
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
This detached two-family home was built in 2016 and is offered in turn-key, updated condition. The primary residence is an expansive eight-room duplex with four bedrooms, two full bathrooms, a separate half bath, a finished basement, and 9-foot ceilings. The interior features include radiant heated floors, hardwood flooring, a sunken living room with a gas fireplace, and a chef’s kitchen with granite countertops and high-end appliances. Additional improvements include multi-zone central air, custom closets, central vacuum, a Sonos speaker system, and a newer washer and dryer.
The property includes a three-room side apartment. Outside, the backyard is described as fully upgraded with pavers, a built-in barbecue, custom lighting, and landscaped grounds with mature trees. Parking is available via a built-in garage and two private driveways with space for up to four cars.
The lot is listed as 41 x 125 with building dimensions of 26 x 50. Annual taxes are noted as $12,813. BikeScore is 52 (bikeable), walkScore is 71 (very walkable), and transitScore is 60 (good transit), with the home positioned on a private cul-de-sac in Southeast Annandale.
The property includes a three-room side apartment. Outside, the backyard is described as fully upgraded with pavers, a built-in barbecue, custom lighting, and landscaped grounds with mature trees. Parking is available via a built-in garage and two private driveways with space for up to four cars.
The lot is listed as 41 x 125 with building dimensions of 26 x 50. Annual taxes are noted as $12,813. BikeScore is 52 (bikeable), walkScore is 71 (very walkable), and transitScore is 60 (good transit), with the home positioned on a private cul-de-sac in Southeast Annandale.
Key Highlights
- Detached two‑family home built in 2016 on a private cul‑de‑sac in Southeast Annandale.
- Approx. 2,600 sq ft total with 9‑foot ceilings and gleaming hardwood floors.
- Primary residence offers 4 bedrooms and 2 full baths plus a half bath, with en‑suite featuring separate shower and soaking tub.
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
$64,248
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
4.42%
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%
$1,284,960
$1.3M
Cap Rate 7%
$917,829
$917.8K
Cap Rate 9%
$713,867
$713.9K
Market Conditions
NOI Build-Up for 2,600 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
$99.8K $38.40/SF
− Vacancy
−$8.1K −$3.10/SF
EGI
$91.8K $35.30/SF
− OpEx
−$27.5K −$10.59/SF
NOI
$64.2K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
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%
$1,284,960
Cap Rate 7%
$917,829
Cap Rate 9%
$713,867
Alternative Uses
Best Use
Multifamily LT 5
$917.8K
$803.1K – $1.07M
NOI $64,248 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$807.5K
$706.6K – $942.1K
NOI $56,525 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,841 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Turn-key detached two-family home built in 2016 with multiple parking options and a finished basement.
Where is this duplex located?
The property is located at 42 Serena Ct Staten Island, NY.
What is the asking price?
The asking price for this property is $1,455,000.
What are key features of this property?
This property features: Detached two‑family home built in 2016 on a private cul‑de‑sac in Southeast Annandale.; Approx. 2,600 sq ft total with 9‑foot ceilings and gleaming hardwood floors.; Primary residence offers 4 bedrooms and 2 full baths plus a half bath, with en‑suite featuring separate shower and soaking tub.
