Two-Family Duplex with Skyline
For Sale
$1,799,900
20 Creston Pl, Staten Island, NY 10304
Detached two-family property with a separate apartment, finished lower levels, and private balconies.
Property Size3,800 SF
Price / SF$473.66
Days on Market50
Property Features for 20 Creston Pl
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
JM Properties
(917) 701-9376
Listed By:
Jessica Matute · License #10311207871
Source:
Statenislandhomelistings
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 29 at 9:07AM
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 JM Properties
Investment Insights
Based on property information with market context.
This 2026-built duplex at 20 Creston Place provides approximately 3,800 square feet across a primary residence and a separate apartment. The main home features an open living arrangement, high ceilings, hardwood floors, quartz kitchen surfaces, stainless steel appliances, and custom European finishes. Private balconies extend from multiple bedrooms, while two finished basements add flexible recreation and living areas.
The property is located in Staten Island’s Ward Hill neighborhood along the North Shore, with panoramic views toward the Verrazzano-Narrows Bridge and the New York City skyline. Four-zone heating, three separate water heaters, and ample off-street parking support day-to-day functionality. The secondary apartment offers a distinct space for rental income or multigenerational use.
The property is located in Staten Island’s Ward Hill neighborhood along the North Shore, with panoramic views toward the Verrazzano-Narrows Bridge and the New York City skyline. Four-zone heating, three separate water heaters, and ample off-street parking support day-to-day functionality. The secondary apartment offers a distinct space for rental income or multigenerational use.
Key Highlights
- Approximately 3,800 square feet in a two‑family detached residence
- Built in 2026 with custom European finishes
- Separate apartment suited to rental income or multigenerational living
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
$93,901
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
5.22%
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%
$1,878,020
$1.9M
Cap Rate 7%
$1,341,443
$1.3M
Cap Rate 9%
$1,043,344
$1.0M
Market Conditions
NOI Build-Up for 3,800 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
$145.9K $38.40/SF
− Vacancy
−$11.8K −$3.10/SF
EGI
$134.1K $35.30/SF
− OpEx
−$40.2K −$10.59/SF
NOI
$93.9K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,878,020
Cap Rate 7%
$1,341,443
Cap Rate 9%
$1,043,344
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.57M
NOI $93,901 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,056 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,921 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,912
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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 - Detached two-family property with a separate apartment, finished lower levels, and private balconies.
Where is this duplex located?
The property is located at 20 Creston Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $1,799,900.
What are key features of this property?
This property features: Approximately 3,800 square feet in a two‑family detached residence; Built in 2026 with custom European finishes; Separate apartment suited to rental income or multigenerational living
