New-Construction Duplex with Finished
For Sale
$1,299,999
Pending
18 Singleton St, Staten Island, NY 10309
Two units offer three-bedroom layouts, hardwood floors, and full basement space.
Property Size2,458 SF
Days on Market252
Property Features for 18 Singleton St
General Information
Standard status
Pending
Size
2,458 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2024
Buildings
1
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Nicole Molinini · License #40MO1063271
(718) 987-7900
Source:
Statenislandhomelistings
Added: Dec 25, 2025
Changed: Sep 2
Last Checked: Sep 2 at 6:36PM
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.
Completed in 2024, this 2,458-square-foot duplex contains two residences with matching three-bedroom layouts. Each unit includes a living and dining combination, island eat-in kitchen, full bathroom, laundry area, primary bedroom with a three-quarter bath and walk-in closet, plus two additional bedrooms. Hardwood flooring and ample closet storage are provided throughout the main living areas, and the kitchens include a choice of granite or quartz countertops.
The property also includes a full finished basement with a three-quarter bathroom, utility area, and access to the side yard; basement flooring is excluded. An attic adds to the building’s functional configuration. The home is located at 18 Singleton St in Staten Island’s Princes Bay area, on a tree-lined block near shopping and transportation.
The property also includes a full finished basement with a three-quarter bathroom, utility area, and access to the side yard; basement flooring is excluded. An attic adds to the building’s functional configuration. The home is located at 18 Singleton St in Staten Island’s Princes Bay area, on a tree-lined block near shopping and transportation.
Key Highlights
- 2024 construction with 2,458 square feet
- Two‑family 6 over 6 configuration with 3 bedrooms in each unit
- Each residence includes an island eat‑in kitchen and laundry area
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
$61,126
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
4.70%
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%
$1,222,520
$1.2M
Cap Rate 7%
$873,229
$873.2K
Cap Rate 9%
$679,178
$679.2K
Market Conditions
NOI Build-Up for 2,458 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
$91.4K $37.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$87.3K $35.53/SF
− OpEx
−$26.2K −$10.66/SF
NOI
$61.1K $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%
$1,222,520
Cap Rate 7%
$873,229
Cap Rate 9%
$679,178
Alternative Uses
Best Use
Multifamily LT 5
$873.2K
$764.1K – $1.02M
NOI $61,126 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$778.7K
$681.4K – $908.5K
NOI $54,509 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,098 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
490
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 units offer three-bedroom layouts, hardwood floors, and full basement space.
Where is this duplex located?
The property is located at 18 Singleton St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 2024 construction with 2,458 square feet; Two‑family 6 over 6 configuration with 3 bedrooms in each unit; Each residence includes an island eat‑in kitchen and laundry area
