Two-Family Duplex with Private
For Sale
$899,999
Pending
23 Saxon Ave, Staten Island, NY 10314
Well-maintained two-unit property with separate systems, outdoor space, and flexible owner-occupant or rental use.
Property Size3,040 SF
Days on Market56
Property Features for 23 Saxon Ave
General Information
Standard status
Pending
Size
3,040 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 1BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
front yard
rear yard
private garage
Building Details
Year Built
2004
Buildings
1
Listing Agency:
Tiger Realty
(718) 758-5838
Listed By:
Xu Chen
Source:
Statenislandhomelistings
Added: Jul 7
Changed: Aug 30
Last Checked: Aug 30 at 5:43PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
Built in 2004, this 3,040-square-foot duplex contains two separate residential units. The primary residence offers three bedrooms, 2.5 bathrooms, a private primary suite, bright living areas, and access to both front and rear yards. The second unit includes one bedroom, one living room, and two full bathrooms, providing an option for rental use or extended-family living.
Each unit has its own heating system and hot water heater. A private garage adds on-site convenience. The property is located at 23 Saxon Ave in Staten Island, near Staten Island Mall, shopping centers, restaurants, schools, parks, and public transportation.
Each unit has its own heating system and hot water heater. A private garage adds on-site convenience. The property is located at 23 Saxon Ave in Staten Island, near Staten Island Mall, shopping centers, restaurants, schools, parks, and public transportation.
Key Highlights
- 3,040‑square‑foot two‑family duplex built in 2004
- Primary unit includes 3 bedrooms, 2.5 bathrooms, and a private primary suite
- Second unit offers 1 bedroom, 1 living room, and 2 full bathrooms
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
$76,885
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
8.54%
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%
$1,537,700
$1.5M
Cap Rate 7%
$1,098,357
$1.1M
Cap Rate 9%
$854,278
$854.3K
Market Conditions
NOI Build-Up for 3,040 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 $48.00/SF
− Vacancy
−$6.1K −$2.02/SF
EGI
$139.8K $45.98/SF
− OpEx
−$62.9K −$20.69/SF
NOI
$76.9K $25.29/SF
Area
ZIP 10314
Vacancy
4.20%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,537,700
Cap Rate 7%
$1,098,357
Cap Rate 9%
$854,278
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,915 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$1.10M
$961.1K – $1.28M
NOI $76,885 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,537 @ 7.0% cap · market cap 11.28%
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
752
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Well-maintained two-unit property with separate systems, outdoor space, and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 23 Saxon Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 3,040‑square‑foot two‑family duplex built in 2004; Primary unit includes 3 bedrooms, 2.5 bathrooms, and a private primary suite; Second unit offers 1 bedroom, 1 living room, and 2 full bathrooms
