Duplex with Natural Gas and
For Sale
$1,599,000
17 Ruth Place, Staten Island, NY 10305
MULTI_FAMILY - Staten Island, NY
Property Size3,590 SF
Lot Size0.11 Acres
Price / SF$445.40
Days on Market30
Property Features for 17 Ruth Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 6
Parking features
Driveway
Patio and Porch features
Patio, Deck
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Exterior features
Balcony
Fencing
Fenced
Lot features
Front Yard, Back Yard
Subdivision
Old Town
Standard status
Active
Size
3,590 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
10000
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
3
Number of units
2
Building materials
Aluminum Siding, Stucco
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Fatmir Frank Selovic
(718) 987-7900
Added: Jul 16
Changed: Aug 10
Last Checked: Aug 14 at 10:06AM
MLS# 2604023
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.
Welcome to 17 Ruth Place, a newly constructed duplex on a 0.1102-acre lot with natural gas forced-air heating and central air. The home is built with aluminum siding and stucco, and features a fenced yard plus outdoor living space including a patio and deck.
The layout is organized across multiple levels. Level 1 includes an open space and family room, with a front door and a back door to an outside lounge area. Level 2 offers an entry foyer, open space living and dining, and a kitchen with island, along with a boiler room, laundry room, a full bath, two bedrooms, and a large master bedroom with walk-in closet and private bath with a deck overlooking the yard. Level 3 includes an entry foyer with cathedral ceiling, living and dining, a kitchen with island, access to a front balcony, a boiler room, a laundry room, two bedrooms, a full bath, and a master bedroom with walk-in closet and private bath. There is also a pull-down staircase to a stand-up attic for storage.
A separate electric meter is included, and the estimated delivery is in the fall. Parking is provided via driveway.
The layout is organized across multiple levels. Level 1 includes an open space and family room, with a front door and a back door to an outside lounge area. Level 2 offers an entry foyer, open space living and dining, and a kitchen with island, along with a boiler room, laundry room, a full bath, two bedrooms, and a large master bedroom with walk-in closet and private bath with a deck overlooking the yard. Level 3 includes an entry foyer with cathedral ceiling, living and dining, a kitchen with island, access to a front balcony, a boiler room, a laundry room, two bedrooms, a full bath, and a master bedroom with walk-in closet and private bath. There is also a pull-down staircase to a stand-up attic for storage.
A separate electric meter is included, and the estimated delivery is in the fall. Parking is provided via driveway.
Key Highlights
- 0.1102‑acre lot with fenced yard
- Natural gas forced‑air heating with central air
- Deck overlooking the yard plus patio and balcony
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
Lease Details
Yes
Utilities to site
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 - New construction duplex in zoning R3-1 with natural gas forced-air heat, central air, and a deck overlooking a fenced yard.
Where is this duplex located?
The property is located at 17 Ruth Place 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: 0.1102‑acre lot with fenced yard; Natural gas forced‑air heating with central air; Deck overlooking the yard plus patio and balcony
