New-Construction Duplex with Skyline
For Sale
$1,750,000
20 Creston Pl, Staten Island, NY 10304
Two finished lower levels and a separate one-bedroom apartment expand the property's usable space.
Property Size3,800 SF
Price / SF$460.53
Days on Market57
Property Features for 20 Creston Pl
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/5BA, 1 x 1BR
Multifamily Units
2
Building Details
Year Built
2026
Listing Agency:
Keller Williams Realty Empire
Listed By:
Firas Toum · License #10401218208
(718) 954-8400
Source:
Statenislandhomelistings
Added: Jul 27
Changed: Sep 19
Last Checked: Sep 21 at 7:18AM
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 Keller Williams Realty Empire
Investment Insights
Based on property information with market context.
Completed in 2026, this two-family residence at 20 Creston Pl offers approximately 3,800 square feet across multiple levels. The primary residence includes 3 bedrooms and 5 bathrooms, with an open-concept living area, high ceilings, hardwood floors, quartz countertops, and stainless-steel appliances. Two fully finished lower levels provide additional space for recreation, a home gym, an office, or a media room. Multiple private balconies extend the living areas and frame views of the Verrazzano Bridge and the New York City skyline.
The property also contains a separate one-bedroom apartment for guests, extended family, or additional household use. Four-zone heating, three separate water heaters, and ample off-street parking add to the physical configuration. The residence is located in the Ward Hill section of Staten Island.
The property also contains a separate one-bedroom apartment for guests, extended family, or additional household use. Four-zone heating, three separate water heaters, and ample off-street parking add to the physical configuration. The residence is located in the Ward Hill section of Staten Island.
Key Highlights
- Approximately 3,800 square feet across multiple levels
- Primary residence includes 3 bedrooms and 5 bathrooms
- Separate one‑bedroom apartment included
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
5.37%
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 5.37%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,056 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.81M
$1.59M – $2.12M
NOI $126,921 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two finished lower levels and a separate one-bedroom apartment expand the property's usable space.
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 $1,750,000.
What are key features of this property?
This property features: Approximately 3,800 square feet across multiple levels; Primary residence includes 3 bedrooms and 5 bathrooms; Separate one‑bedroom apartment included
