Semi-Attached Duplex with Finished
For Sale
$1,125,000
23 Wiltshire Lane, Staten Island, NY 10309
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size2,500 SF
Lot Size0.11 Acres
Price / SF$450
Days on Market10
Property Features for 23 Wiltshire Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3-2
Bedrooms
6
Bathrooms
5
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 5, Bedroom 3
Parking features
Off Street, Driveway
Patio and Porch features
Deck
Interior features
Walk-In Closet(s)
Fencing
Fenced
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Rossville
Standard status
Active
APN
07094/0058
Size
2,500 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
10800
HOA Fee
$81 Annually
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2019
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Jay Zhang
(646) 392-6880
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 22 at 3:06PM
MLS# 2604592
Copyright © 2026 Staten Island Board of Realtors. 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.
Built in 2019, this semi-attached duplex contains two six-room residences and 2,500 square feet of property size. Both units are occupied under leases running through 12/31/2026. Interior finishes include custom kitchens with granite counters, peninsula seating, stainless-steel appliances, and in-unit washer and dryer connections. Italian tile extends through the living and kitchen areas, while the bedrooms feature hardwood flooring.
The property also includes a fully finished basement with its own side entrance, a built-in garage, private driveway, off-street parking, deck, and fenced exterior. Forced-air heating, central air, public sewer, and walk-in closet space are included. Located at 23 Wiltshire Lane in Staten Island, the home is near local and express bus service, shopping, dining, and major highways. The 0.114-acre parcel is zoned R-3-2.
The property also includes a fully finished basement with its own side entrance, a built-in garage, private driveway, off-street parking, deck, and fenced exterior. Forced-air heating, central air, public sewer, and walk-in closet space are included. Located at 23 Wiltshire Lane in Staten Island, the home is near local and express bus service, shopping, dining, and major highways. The 0.114-acre parcel is zoned R-3-2.
Key Highlights
- Two‑family duplex with 6‑over‑6 layout
- Built in 2019 with 2,500 square feet of property size
- Leases in place through 12/31/2026 with both units occupied
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
5.53%
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 5.53%
Second Best
Apartment 5plus
$792.0K
$693.0K – $924.0K
NOI $55,440 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,501 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
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 residence offers leased occupancy through 12/31/2026 and private parking.
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 $1,125,000.
What are key features of this property?
This property features: Two‑family duplex with 6‑over‑6 layout; Built in 2019 with 2,500 square feet of property size; Leases in place through 12/31/2026 with both units occupied
