Two-Family Colonial
For Sale
$1,299,999
129 Ramapo Avenue, Staten Island, NY 10309
A separate legal basement apartment adds a one-bedroom rental unit to the four-bedroom main residence.
Property Size2,700 SF
Price / SF$481.48
Days on Market13
Property Features for 129 Ramapo Avenue
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Residential Income
Zoning
R3X
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,000
Amenities
Walk-In Closet(s)
Building Details
Building Size
2,700 SF
Year Built
2026
Buildings
1
Stories
3
Units
2
Construction
Side Hall Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Nicole Molinini · License #40MO1063271
(718) 987-7900
Source:
Connieprofaci
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 3:40AM
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.
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Investment Insights
Based on property information with market context.
This 2,700-square-foot, two-family Colonial was built in 2026 and includes a four-bedroom main residence and a separate one-bedroom legal apartment at basement level. The main home has four bathrooms, hardwood flooring, a custom eat-in kitchen with an island, and a family room with sliding doors. A finished basement provides recreation space, while the attic offers additional storage. The second floor includes a primary bedroom with a four-piece bath and walk-in closet, three additional bedrooms, another full bath, and laundry facilities.
The property is zoned R3X and has a backyard. The basement apartment is configured as a distinct rental unit, alongside the larger main residence.
The property is zoned R3X and has a backyard. The basement apartment is configured as a distinct rental unit, alongside the larger main residence.
Key Highlights
- Two‑family property with a four‑bedroom main residence and a one‑bedroom legal basement apartment
- 2,700 square feet; built in 2026
- Main residence includes 4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,144
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,342,880
$1.3M
Cap Rate 7%
$959,200
$959.2K
Cap Rate 9%
$746,044
$746.0K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$100.4K $37.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$95.9K $35.53/SF
− OpEx
−$28.8K −$10.66/SF
NOI
$67.1K $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 Rate 5%
$1,342,880
Cap Rate 7%
$959,200
Cap Rate 9%
$746,044
Alternative Uses
Best Use
Multifamily LT 5
$959.2K
$839.3K – $1.12M
NOI $67,144 @ 7.0% cap · market cap 5.16%
Second Best
Apartment 5plus
$855.4K
$748.4K – $997.9K
NOI $59,875 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,181 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - A separate legal basement apartment adds a one-bedroom rental unit to the four-bedroom main residence.
Where is this duplex located?
The property is located at 129 Ramapo Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Two‑family property with a four‑bedroom main residence and a one‑bedroom legal basement apartment; 2,700 square feet; built in 2026; Main residence includes 4 bathrooms
