Duplex Property with Skyline
New
For Sale
$1,750,000
20 Creston Place, Staten Island, NY 10304
Residential, Triplex, 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
Triplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 6, Bathroom 5, Bathroom 1, Bedroom 3, Bathroom 3
Patio and Porch features
Deck
Interior features
A/C Unit, Central Air - Split, Deck, Dishwasher, Laundry Area, Refrigerator, Stove, Terrace
Basement
Full, Finished
Subdivision
Ward Hill
Standard status
Active
Size
3,800 SF
Lot size
0.11 Acres
Building Details
Year built
2026
Floors in Building
3
Flooring type
Tile, Hardwood
Roof type
Flat
Architectural style
Other
Listing Agency:
Keller Williams Realty Empire
(718) 954-8400
Listed By:
Firas Toum · License #FT5236
(718) 954-8400
Added: Aug 22
Changed: Aug 23
Last Checked: Aug 25 at 11:06PM
MLS# 503980
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 property is planned with approximately 3,800 square feet of interior space on a 0.11-acre lot. The primary residence includes three bedrooms and five bathrooms, multiple finished lower levels, an open living area, high ceilings, hardwood flooring, quartz kitchen counters, and stainless-steel appliances. A separate one-bedroom apartment adds additional residential flexibility.
The property is located at 20 Creston Place in Staten Island’s Ward Hill section, with elevated views toward the Verrazzano Bridge and the New York City skyline. Private balconies and deck areas extend the usable space outdoors.
Planned building systems and amenities include four-zone heating, three separate water heaters, air conditioning, laundry space, tile and hardwood flooring, and off-street parking. The stated construction year is 2026.
The property is located at 20 Creston Place in Staten Island’s Ward Hill section, with elevated views toward the Verrazzano Bridge and the New York City skyline. Private balconies and deck areas extend the usable space outdoors.
Planned building systems and amenities include four-zone heating, three separate water heaters, air conditioning, laundry space, tile and hardwood flooring, and off-street parking. The stated construction year is 2026.
Key Highlights
- Approximately 3,800 square feet on a 0.11‑acre lot
- Primary residence includes 3 bedrooms and 5 bathrooms
- Separate 1‑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
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 - New-construction duplex with a separate apartment, finished lower levels, private outdoor areas, 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 on a 0.11‑acre lot; Primary residence includes 3 bedrooms and 5 bathrooms; Separate 1‑bedroom apartment included
