New Construction
For Sale
$1,499,999
Pending
23 Inez St, Staten Island, NY 10309
Two-family layout with finished lower levels, separate entrances, private baths, laundry areas, and energy-efficient features.
Property Size2,970 SF
Days on Market76
Property Features for 23 Inez St
General Information
Standard status
Pending
Size
2,970 SF
Property subtype
Multi-Family
Amenities
open concept living and dining area
kitchen with island and quartz counters
fully finished basement
separate entrance
laundry area
energy efficient features
separate utilities
Building Details
Year Built
2026
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Elite
Listed By:
Robert Bianco · License #10401223662
(718) 702-6502
Source:
Statenislandhomelistings
Added: Jul 9
Changed: Sep 15
Last Checked: Sep 21 at 7:31AM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This new-construction duplex includes two residential units, each with three bedrooms, a private bath in the main bedroom, and two additional bathrooms. Both units feature open-concept living and dining areas with kitchens equipped with islands and quartz counters. Fully finished basements are divided equally, with a separate entrance, laundry area, and bath for each unit. The lower levels provide flexible space for a family room, home office, gym, or extended-family area.
Located on Inez St in Staten Island, the property includes separate utilities with three meters and two laundry areas in each unit. Quality construction and energy-efficient features are incorporated throughout.
Located on Inez St in Staten Island, the property includes separate utilities with three meters and two laundry areas in each unit. Quality construction and energy-efficient features are incorporated throughout.
Key Highlights
- New‑construction two‑family duplex on Inez St in Staten Island
- Each unit includes 3 bedrooms and 3 bathrooms
- Open‑concept living and dining areas with kitchen islands and quartz counters
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
$73,859
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
4.92%
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%
$1,477,180
$1.5M
Cap Rate 7%
$1,055,129
$1.1M
Cap Rate 9%
$820,656
$820.7K
Market Conditions
NOI Build-Up for 2,970 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
$110.5K $37.20/SF
− Vacancy
−$5.0K −$1.67/SF
EGI
$105.5K $35.53/SF
− OpEx
−$31.7K −$10.66/SF
NOI
$73.9K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,477,180
Cap Rate 7%
$1,055,129
Cap Rate 9%
$820,656
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$923.2K – $1.23M
NOI $73,859 @ 7.0% cap · market cap 4.92%
Second Best
Apartment 5plus
$940.9K
$823.3K – $1.10M
NOI $65,863 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,199 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Two-family layout with finished lower levels, separate entrances, private baths, laundry areas, and energy-efficient features.
Where is this duplex located?
The property is located at 23 Inez St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: New‑construction two‑family duplex on Inez St in Staten Island; Each unit includes 3 bedrooms and 3 bathrooms; Open‑concept living and dining areas with kitchen islands and quartz counters
