Two-Family Home with Inground
For Sale
Contact for pricing
Pending
17 Red Cedar Lane, Staten Island, NY 10309
Two-family semi in Woodrow with pool and many upgrades.
Property Size2,704 SF
Days on Market155
Property Features for 17 Red Cedar Lane
General Information
Standard status
Pending
Size
2,704 SF
Property subtype
Multifamily
Zoning
R3-1
Building Details
Year Built
1996
Stories
3
Units
2
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Joanna Kaszuba · License #10401253986
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Jul 24 at 5:40PM
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.
Investment Insights
Based on property information with market context.
This two-family semi, situated in the heart of Woodrow, offers convenient access to shopping, parks, transportation, and the expressway. The property features a spacious layout and an inground pool with paver surroundings. Upgrades include a newer roof installed in 2018 and newer windows from 2020, along with a new furnace and water heater. The main unit includes an eat-in kitchen, a living/dining room combination, a master bedroom with an ensuite bathroom, two additional bedrooms with a full bath, and a sauna. The property also includes a garage and a one-bedroom rental unit. The property size is 2704 square feet.
Key Highlights
- Inground pool with paver surround.
- Two‑family home with one‑bedroom rental unit.
- Newer roof (2018), windows (2020), furnace, and water heater.
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
$67,244
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
7.47%
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%
$1,344,880
$1.3M
Cap Rate 7%
$960,629
$960.6K
Cap Rate 9%
$747,156
$747.2K
Market Conditions
NOI Build-Up for 2,704 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
$100.6K $37.20/SF
− Vacancy
−$4.5K −$1.67/SF
EGI
$96.1K $35.53/SF
− OpEx
−$28.8K −$10.66/SF
NOI
$67.2K $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%
$1,344,880
Cap Rate 7%
$960,629
Cap Rate 9%
$747,156
Alternative Uses
Best Use
Multifamily LT 5
$960.6K
$840.6K – $1.12M
NOI $67,244 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$856.6K
$749.6K – $999.4K
NOI $59,964 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,314 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
338
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 - Two-family semi in Woodrow with pool and many upgrades.
Where is this duplex located?
The property is located at 17 Red Cedar Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Inground pool with paver surround.; Two‑family home with one‑bedroom rental unit.; Newer roof (2018), windows (2020), furnace, and water heater.
