Two-Family Duplex with
For Sale
$869,000
Pending
24 Willow Ln, Staten Island, NY 10306
Two separate living units include a larger three-bedroom home and a one-bedroom apartment with its own entrance.
Property Size2,142 SF
Days on Market42
Property Features for 24 Willow Ln
General Information
Standard status
Pending
Size
2,142 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Year Built
1997
Buildings
1
Construction
semi-attached
Listing Agency:
Tom Crimmins Realty, Ltd.
Listed By:
Bingling Jiang
(718) 370-3200
Source:
Statenislandhomelistings
Added: Sep 1
Changed: Oct 9
Last Checked: Oct 11 at 6:26AM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
This semi-attached duplex, built in 1997, contains two living units. The main residence has three bedrooms, one full bath and one half bath, plus an eat-in kitchen with access to the yard and deck. A separate side entrance serves the one-bedroom unit, which includes a full bath. The property also has a garage and an assigned additional parking space.
Shopping and public transportation are nearby. The roof is approximately five years old.
Shopping and public transportation are nearby. The roof is approximately five years old.
Key Highlights
- Two units: one with 3 bedrooms and 1.5 baths; the other with 1 bedroom and 1 full bath
- Built in 1997
- Eat‑in kitchen in the main unit connects to the yard and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,410
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,200
$1.1M
Cap Rate 7%
$777,286
$777.3K
Cap Rate 9%
$604,556
$604.6K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$82.3K $38.40/SF
− Vacancy
−$4.5K −$2.11/SF
EGI
$77.7K $36.29/SF
− OpEx
−$23.3K −$10.89/SF
NOI
$54.4K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,200
Cap Rate 7%
$777,286
Cap Rate 9%
$604,556
Alternative Uses
Best Use
Multifamily LT 5
$777.3K
$680.1K – $906.8K
NOI $54,410 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$690.7K
$604.4K – $805.8K
NOI $48,349 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.02M
$894.3K – $1.19M
NOI $71,543 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
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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 separate living units include a larger three-bedroom home and a one-bedroom apartment with its own entrance.
Where is this duplex located?
The property is located at 24 Willow Ln Staten Island, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and 1.5 baths; the other with 1 bedroom and 1 full bath; Built in 1997; Eat‑in kitchen in the main unit connects to the yard and deck
