Center-Hall Colonial with Basement
For Sale
Contact for pricing
23 Edwin Street, Staten Island, NY 10312
Custom 5-bedroom home with a large, bright 1-bedroom basement rental and separate exterior access.
Property Size3,400 SF
Price / SF$499
Days on Market181
Property Features for 23 Edwin Street
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Multifamily
Zoning
R1-2
Building Details
Year Built
2026
Stories
2
Units
2
Listing Agency:
Coldwell Banker Advantage
Listed By:
Mary Giordano · License #10301218265
Source:
Crexi
Added: Mar 6
Changed: Aug 10
Last Checked: Aug 31 at 1:05AM
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 Coldwell Banker Advantage
Investment Insights
Based on property information with market context.
This custom center-hall Colonial offers a grand two-story entry, 9-foot ceilings, and black Anderson windows, with porcelain tile on the first floor and hardwood on the second. The main level includes a large custom kitchen with oversized island, quartz countertops and backsplash, upgraded cabinetry and appliances, a butler pantry, and access to the yard. The home also features a formal dining room and living room, plus a family room with a fireplace. Upstairs, there is a master suite with a private bath and double sinks, a large walk-in closet, three additional bedrooms, a full main bathroom, and a laundry area. Additional improvements include a natural stone and stucco exterior, an attached garage, and interior/exterior high hats with radiant and baseboard heat.
The property is positioned in SE Annadale near the “Forever Wild Blue Belt.” A basement apartment provides a large, bright 1-bedroom, 1 full-bath rental, with an additional exit leading to the rear for the master unit. Delivery is projected for Summer/Fall 2026.
The property is positioned in SE Annadale near the “Forever Wild Blue Belt.” A basement apartment provides a large, bright 1-bedroom, 1 full-bath rental, with an additional exit leading to the rear for the master unit. Delivery is projected for Summer/Fall 2026.
Key Highlights
- New construction custom 5‑bedroom, 5‑bath center hall colonial, 3,400 SF (Summer/Fall 2026 delivery)
- Grand 2‑story entry with 9‑ft ceilings, plus custom iron double doors
- Large custom kitchen with oversized quartz island, Butler pantry, and access to the yard and family room with fireplace
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
$84,017
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
4.94%
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%
$1,680,340
$1.7M
Cap Rate 7%
$1,200,243
$1.2M
Cap Rate 9%
$933,522
$933.5K
Market Conditions
NOI Build-Up for 3,400 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
$130.6K $38.40/SF
− Vacancy
−$10.5K −$3.10/SF
EGI
$120.0K $35.30/SF
− OpEx
−$36.0K −$10.59/SF
NOI
$84.0K $24.71/SF
Area
ZIP 10312
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%
$1,680,340
Cap Rate 7%
$1,200,243
Cap Rate 9%
$933,522
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,017 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$1.06M
$924.0K – $1.23M
NOI $73,917 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,561 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Custom 5-bedroom home with a large, bright 1-bedroom basement rental and separate exterior access.
Where is this duplex located?
The property is located at 23 Edwin Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: New construction custom 5‑bedroom, 5‑bath center hall colonial, 3,400 SF (Summer/Fall 2026 delivery); Grand 2‑story entry with 9‑ft ceilings, plus custom iron double doors; Large custom kitchen with oversized quartz island, Butler pantry, and access to the yard and family room with fireplace
