Renovated Duplex with Modern
For Sale
$730,000
250 Edgewater St, Staten Island, NY 10305
Attached two-family residence with updated interiors, separate living areas, laundry, attic storage, and transit access.
Property Size1,232 SF
Days on Market25
Property Features for 250 Edgewater St
General Information
Standard status
Active
Size
1,232 SF
Property subtype
Multi Family
Additional Details
HOA Fee
$60
Taxes and HOA fees
Annual Taxes
$3,592
Building Details
Building Size
1,232 SF
Year Built
1996
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Professiona
(718) 872-5522
Listed By:
Jein Riun (Lisa) Liang · License #10401205443
(718) 872-5522
Source:
Elliman
Added: Aug 2
Changed: Aug 14
Last Checked: Aug 25 at 7:38AM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
This attached duplex is configured as a two-family residence with recently renovated interiors. Improvements include hardwood flooring, stainless steel appliances, a modern kitchen, and tiled bathrooms. The property also includes spacious living, dining, and kitchen areas, a half bath, laundry, three bedrooms, a full bath, and an attic. Built in 1996, the residence offers a combination of updated finishes and multi-family functionality.
The property is located near VZ Bridges Ferry and public transportation. WalkScore is 84, categorized as Very Walkable; TransitScore is 62, categorized as Good Transit; and BikeScore is 57, categorized as Bikeable.
The property is located near VZ Bridges Ferry and public transportation. WalkScore is 84, categorized as Very Walkable; TransitScore is 62, categorized as Good Transit; and BikeScore is 57, categorized as Bikeable.
Key Highlights
- Attached duplex configured for two‑family occupancy
- Recently renovated with hardwood floors and tiled bathrooms
- Modern kitchen with stainless steel appliances
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
$32,346
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
4.43%
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%
$646,920
$646.9K
Cap Rate 7%
$462,086
$462.1K
Cap Rate 9%
$359,400
$359.4K
Market Conditions
NOI Build-Up for 1,232 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
$50.3K $40.80/SF
− Vacancy
−$4.1K −$3.29/SF
EGI
$46.2K $37.51/SF
− OpEx
−$13.9K −$11.25/SF
NOI
$32.3K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$646,920
Cap Rate 7%
$462,086
Cap Rate 9%
$359,400
Alternative Uses
Best Use
Multifamily LT 5
$462.1K
$404.3K – $539.1K
NOI $32,346 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$425.1K
$372.0K – $496.0K
NOI $29,760 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$587.8K
$514.4K – $685.8K
NOI $41,149 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - Attached two-family residence with updated interiors, separate living areas, laundry, attic storage, and transit access.
Where is this duplex located?
The property is located at 250 Edgewater St Staten Island, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Attached duplex configured for two‑family occupancy; Recently renovated with hardwood floors and tiled bathrooms; Modern kitchen with stainless steel appliances
