New Construction
For Sale
$1,750,000
16 Latham Place, Staten Island, NY 10309
Residential Income, Staten Island, NY
Property Size3,523 SF
Lot Size0.11 Acres
Price / SF$496.74
Days on Market8
Property Features for 16 Latham Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3-X
Bedrooms
5
Bathrooms
4
Full bathrooms
1
Half bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 3, Bathroom 2
Parking features
Garage, Driveway
Interior features
Walk-In Closet(s)
Basement
Full, Apartment, Finished
Lot features
Front Yard, Back Yard
Subdivision
Woodrow
Standard status
Active
APN
07026-0180
Size
3,523 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Amenities
fireplace
hardwood floors
stainless steel appliances
quartz countertops
laundry room
finished basement
detached garage
walk-in closet
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Building materials
Stone, Stucco, Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Joseph Laino · License #40LA1182289
(917) 299-0393
Added: Sep 14
Changed: Sep 15
Last Checked: Sep 21 at 6:06PM
MLS# 2605195
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Under construction at 16 Latham Place, this 3,523-square-foot duplex is planned as a two-family center-hall Colonial with five bedrooms and five bathrooms. The residence includes white oak flooring, an eat-in kitchen with island, quartz countertops, stainless steel appliances, a family room fireplace, and a second-floor laundry room. A one-bedroom apartment provides additional household space or rental use, while the full finished basement expands the usable interior. A walk-in closet, spa-style shower, Anderson 400 Series windows, and a detached garage are also included.
The property occupies 0.1148 acres on a dead-end street in Staten Island and is served by public sewer. R3-X zoning, forced-air electric heating, central air, a driveway, and garage parking are part of the property profile. Completion is indicated for late 2026 or early 2027, with the property currently available for drive-by viewing only.
The property occupies 0.1148 acres on a dead-end street in Staten Island and is served by public sewer. R3-X zoning, forced-air electric heating, central air, a driveway, and garage parking are part of the property profile. Completion is indicated for late 2026 or early 2027, with the property currently available for drive-by viewing only.
Key Highlights
- 3,523‑square‑foot two‑family property on a 0.1148‑acre lot
- Five bedrooms and five bathrooms with a separate one‑bedroom apartment
- Full finished basement, detached garage, driveway, and second‑floor laundry
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
$87,611
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
5.01%
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%
$1,752,220
$1.8M
Cap Rate 7%
$1,251,586
$1.3M
Cap Rate 9%
$973,456
$973.5K
Market Conditions
NOI Build-Up for 3,523 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
$131.1K $37.20/SF
− Vacancy
−$5.9K −$1.67/SF
EGI
$125.2K $35.53/SF
− OpEx
−$37.5K −$10.66/SF
NOI
$87.6K $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%
$1,752,220
Cap Rate 7%
$1,251,586
Cap Rate 9%
$973,456
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.10M – $1.46M
NOI $87,611 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$1.12M
$976.6K – $1.30M
NOI $78,126 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,669 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
439
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family design includes a separate one-bedroom apartment, finished basement, detached garage, and modern interior finishes.
Where is this duplex located?
The property is located at 16 Latham Place Staten Island, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,523‑square‑foot two‑family property on a 0.1148‑acre lot; Five bedrooms and five bathrooms with a separate one‑bedroom apartment; Full finished basement, detached garage, driveway, and second‑floor laundry
