Semi-Attached Two-Family
For Sale
Contact for pricing
23 Wiltshire Lane, Staten Island, NY 10309
Seven-year-young duplex offering two units with in-unit laundry and a finished basement with separate side entrance.
Property Size2,500 SF
Price / SF$472
Days on Market76
Property Features for 23 Wiltshire Lane
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multifamily
Zoning
R-3-2
Occupancy
100%
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Year Built
2019
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 748-7000
Listed By:
Qin Lin Zhang · License #10401331758
Source:
Crexi
Added: Jun 10
Changed: Aug 10
Last Checked: Aug 24 at 10:44AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
Introducing a seven-year-young semi-attached two-family residence configured as a 6/6 setup. The property is fully occupied and structured for modern daily living, with custom kitchens featuring granite countertops, peninsula seating, and stainless-steel appliances. Both apartments include washer/dryers, custom Italian tile living rooms and kitchens, and wood flooring in all bedrooms.
A fully finished basement adds additional functional space and includes a separate side entrance. The home is located in the South Shore area of Staten Island, with convenience to local and express buses, nearby shopping, and access to the expressway.
For buyers seeking a turn-key residential income property, this duplex presents a ready-to-own configuration with established occupancy. Lease terms are in place through 12/31/2026, and the combination of in-unit laundry, updated finishes, and an independently accessible basement layout can support practical tenant needs while maintaining day-to-day usability for the overall property.
A fully finished basement adds additional functional space and includes a separate side entrance. The home is located in the South Shore area of Staten Island, with convenience to local and express buses, nearby shopping, and access to the expressway.
For buyers seeking a turn-key residential income property, this duplex presents a ready-to-own configuration with established occupancy. Lease terms are in place through 12/31/2026, and the combination of in-unit laundry, updated finishes, and an independently accessible basement layout can support practical tenant needs while maintaining day-to-day usability for the overall property.
Key Highlights
- 2019‑built 6/6 semi‑attached two‑family duplex with 2 units
- Fully occupied property with leases terminating 12/31/2026
- Custom kitchens with granite countertops, peninsula seating, and stainless‑steel appliances in both apartments
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
$62,170
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
5.27%
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%
$1,243,400
$1.2M
Cap Rate 7%
$888,143
$888.1K
Cap Rate 9%
$690,778
$690.8K
Market Conditions
NOI Build-Up for 2,500 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
$93.0K $37.20/SF
− Vacancy
−$4.2K −$1.67/SF
EGI
$88.8K $35.53/SF
− OpEx
−$26.6K −$10.66/SF
NOI
$62.2K $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%
$1,243,400
Cap Rate 7%
$888,143
Cap Rate 9%
$690,778
Alternative Uses
Best Use
Multifamily LT 5
$888.1K
$777.1K – $1.04M
NOI $62,170 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$792.0K
$693.0K – $924.0K
NOI $55,440 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,501 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
304
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 - Seven-year-young duplex offering two units with in-unit laundry and a finished basement with separate side entrance.
Where is this duplex located?
The property is located at 23 Wiltshire Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: 2019‑built 6/6 semi‑attached two‑family duplex with 2 units; Fully occupied property with leases terminating 12/31/2026; Custom kitchens with granite countertops, peninsula seating, and stainless‑steel appliances in both apartments
