New Construction Two-Family
For Sale
$1,299,999
Pending
18 Singleton Street, Staten Island, NY 10309
MULTI_FAMILY - Staten Island, NY
Property Size2,458 SF
Lot Size0.09 Acres
Days on Market621
Property Features for 18 Singleton Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3-X
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1
Parking features
Off Street, On Street
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Princes Bay
Standard status
Pending
APN
06675-0026
Size
2,458 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
10000
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
2024
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Nicole Molinini · License #40MO1063271
(718) 987-7900
Added: Dec 12, 2024
Changed: Aug 2
Last Checked: Aug 25 at 2:06AM
MLS# 2406813
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.
New construction two-family duplex built in 2024 with brick construction and under-construction condition. Each unit includes three bedrooms, including a master bedroom with a 3/4 bath and walk-in closet, along with hardwood floors and ample closet space. The main living areas are described as a living/dining combination, an island eat-in kitchen, a full bath, a laundry area, and two additional bedrooms per unit. An attic is included.
The home also features a full finished basement with a 3/4 bath and access to a yard via the basement area, with utilities noted in the basement (excluding basement flooring). Additional access is provided to a side yard. Parking is listed as off-street and on-street, and the property is served by public sewer.
Heating is forced air with natural gas, and cooling is central air. The property is located at 18 Singleton Street in Staten Island, NY 10309, in a residential R3-X zoning district.
The home also features a full finished basement with a 3/4 bath and access to a yard via the basement area, with utilities noted in the basement (excluding basement flooring). Additional access is provided to a side yard. Parking is listed as off-street and on-street, and the property is served by public sewer.
Heating is forced air with natural gas, and cooling is central air. The property is located at 18 Singleton Street in Staten Island, NY 10309, in a residential R3-X zoning district.
Key Highlights
- 2024 new construction two‑family duplex with brick exterior
- 0.0937‑acre lot
- Each unit has three bedrooms, including master with 3/4 bath and WIC
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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 - New construction two-family home on a 0.0937-acre lot with central air, forced-air natural gas heat, and finished basement.
Where is this duplex located?
The property is located at 18 Singleton Street 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 new construction two‑family duplex with brick exterior; 0.0937‑acre lot; Each unit has three bedrooms, including master with 3/4 bath and WIC
