New-Construction Duplex with Skyline
New
For Sale
$1,750,000
20 Creston Place, Staten Island, NY 10304
Residential Income, Staten Island, NY
Property Size3,800 SF
Lot Size0.11 Acres
Price / SF$460.53
Days on Market4
Property Features for 20 Creston Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3X
Bedrooms
4
Bathrooms
5
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 4, Bathroom 6, Bathroom 1, Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5
Parking features
Off Street
Patio and Porch features
Deck, Patio
Interior features
Walk-In Closet(s)
Exterior features
Balcony
Basement
Finished
Lot features
Front Yard, Back Yard
Subdivision
Ward Hill
Standard status
Active
APN
10314
Size
3,800 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Building Details
Year built
2026
Floors in Building
3
Number of units
2
Building materials
Stucco
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Empire
(718) 954-8400
Listed By:
Firas Toum · License #FT5236
(347) 515-0647
Added: Aug 22
Changed: Aug 23
Last Checked: Aug 25 at 11:06PM
MLS# 2604769
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.
This under-construction duplex is arranged across approximately 3,800 square feet and includes a three-bedroom, five-bathroom main residence plus a separate one-bedroom apartment. The primary home features multiple levels, two finished lower levels, high ceilings, hardwood flooring, quartz kitchen countertops, stainless-steel appliances, and custom European finishes. Private balconies and elevated positioning provide views toward the Verrazzano Bridge and New York City skyline. Four-zone heating, three separate water heaters, public sewer, and off-street parking add functional support to the property. Located at 20 Creston Place in Staten Island, the residence is identified with R3X zoning and a 2026 year built. Stucco construction, a Colonial architectural style, a patio, deck, and walk-in closet are also included.
Key Highlights
- Approximately 3,800 square feet across a multi‑level duplex
- Three‑bedroom, five‑bathroom main residence with a separate one‑bedroom apartment
- Two finished lower levels plus private balconies with Verrazzano Bridge and New York City skyline views
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
Property Profile
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
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 - Multi-level duplex with a separate one-bedroom apartment, private balconies, finished lower levels, and off-street parking.
Where is this duplex located?
The property is located at 20 Creston Place 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 a multi‑level duplex; Three‑bedroom, five‑bathroom main residence with a separate one‑bedroom apartment; Two finished lower levels plus private balconies with Verrazzano Bridge and New York City skyline views
