Detached Duplex with
New
For Sale
$1,099,000
24 E Figurea Avenue, Staten Island, NY 10308
Two-family residence with patio, backyard, and dedicated driveway parking.
Property Size1,720 SF
Price / SF$638.95
Days on Market3
Property Features for 24 E Figurea Avenue
General Information
Standard status
Active
Size
1,720 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
wood burning fireplace
eat in kitchen
patio
attic
laundry room
family room
large backyard
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Prime Time Real Estate, Inc.
Listed By:
Frank Surace · License #11783
(718) 980-3000
Source:
Remaxedgenyc
Added: Sep 19
Last Checked: Sep 21 at 4:27AM
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 Prime Time Real Estate, Inc.
Investment Insights
Based on property information with market context.
This detached two-family residence includes a living room, dining room, eat-in kitchen, family room, laundry room, attic, and a wood-burning fireplace. A patio extends from the living room, while the large backyard provides additional outdoor space. The property also includes a one-car garage and a driveway accommodating two vehicles.
The one-bedroom apartment was renovated within the last 5 years. The home is in Great Kills on Staten Island, near transportation, restaurants, and shopping. Built in 1960, the property has a reported size of 1,720.
The one-bedroom apartment was renovated within the last 5 years. The home is in Great Kills on Staten Island, near transportation, restaurants, and shopping. Built in 1960, the property has a reported size of 1,720.
Key Highlights
- Detached two‑family property in Great Kills, Staten Island
- One‑bedroom apartment renovated within the last 5 years
- One‑car garage plus driveway parking for two vehicles
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
$42,773
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
3.89%
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%
$855,460
$855.5K
Cap Rate 7%
$611,043
$611.0K
Cap Rate 9%
$475,256
$475.3K
Market Conditions
NOI Build-Up for 1,720 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
$64.0K $37.20/SF
− Vacancy
−$2.9K −$1.67/SF
EGI
$61.1K $35.53/SF
− OpEx
−$18.3K −$10.66/SF
NOI
$42.8K $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%
$855,460
Cap Rate 7%
$611,043
Cap Rate 9%
$475,256
Alternative Uses
Best Use
Multifamily LT 5
$611.0K
$534.7K – $712.9K
NOI $42,773 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$544.9K
$476.8K – $635.7K
NOI $38,143 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$820.7K
$718.1K – $957.5K
NOI $57,448 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with patio, backyard, and dedicated driveway parking.
Where is this duplex located?
The property is located at 24 E Figurea Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Detached two‑family property in Great Kills, Staten Island; One‑bedroom apartment renovated within the last 5 years; One‑car garage plus driveway parking for two vehicles
