New Construction Duplex with Natural
For Sale
$1,599,000
17 Ruth Pl, Staten Island, NY 10305
Multi-level residential income property with separate electric metering, private outdoor areas, and unfinished attic storage.
Property Size3,590 SF
Lot Size0.11 Acres
Price / SF$445.40
Days on Market47
Property Features for 17 Ruth Pl
General Information
Standard status
Active
Size
3,590 SF
Lot size
0.11 Acres
Property subtype
Multi-Family
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Fatmir Frank Selovic
Source:
Statenislandhomelistings
Added: Jul 13
Changed: Aug 28
Last Checked: Aug 28 at 5:44AM
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 3,590-square-foot duplex is scheduled for completion in 2026 and includes natural gas service and a separate electric meter. The residence is arranged across multiple levels, with open living and dining areas, kitchens featuring islands, bedrooms, full bathrooms, laundry rooms, boiler rooms, and master suites with walk-in closets and private baths. Upper-level living areas open to a front balcony and a rear deck overlooking the yard. A large stand-up attic provides additional storage, while the lower level includes an open area and family room.
The property occupies a 40 x 120 lot at 17 Ruth Pl in Staten Island, New York. Exterior features include a lounge area, deck, balcony, and yard. The home is identified as new construction with quality finishes and an estimated fall delivery.
The property occupies a 40 x 120 lot at 17 Ruth Pl in Staten Island, New York. Exterior features include a lounge area, deck, balcony, and yard. The home is identified as new construction with quality finishes and an estimated fall delivery.
Key Highlights
- 3,590 SF duplex on a 40 x 120 lot
- New construction with 2026 build year
- Natural gas service and separate electric meter
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
$94,256
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
5.89%
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%
$1,885,120
$1.9M
Cap Rate 7%
$1,346,514
$1.3M
Cap Rate 9%
$1,047,289
$1.0M
Market Conditions
NOI Build-Up for 3,590 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
$146.5K $40.80/SF
− Vacancy
−$11.8K −$3.29/SF
EGI
$134.7K $37.51/SF
− OpEx
−$40.4K −$11.25/SF
NOI
$94.3K $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%
$1,885,120
Cap Rate 7%
$1,346,514
Cap Rate 9%
$1,047,289
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,256 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.45M
NOI $86,720 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,907 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,387
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 - Multi-level residential income property with separate electric metering, private outdoor areas, and unfinished attic storage.
Where is this duplex located?
The property is located at 17 Ruth Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 3,590 SF duplex on a 40 x 120 lot; New construction with 2026 build year; Natural gas service and separate electric meter
