Renovated Duplex
For Sale
$730,000
250 Edgewater Street, Staten Island, NY 10305
MULTI_FAMILY - Staten Island, NY
Property Size1,232 SF
Lot Size0.03 Acres
Price / SF$592.53
Days on Market80
Property Features for 250 Edgewater Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3
Parking features
Garage
Interior features
Central Air
Subdivision
Rosebank
Standard status
Active
Size
1,232 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
3592
Utilities
Water front
1
Amenities
laundry
Building Details
Year built
1996
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Re/Max Real Estate Professiona
(718) 872-5522
Listed By:
Jein Riun (Lisa) Liang · License #10401205443
(718) 532-2000
Added: Jun 4
Changed: Aug 3
Last Checked: Aug 22 at 1:06AM
MLS# 502018
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
Attached two-family duplex on a 0.0328-acre lot with 1,232 square feet of interior space. Built in 1996, the wood-frame home has a shingle roof and includes central air. Recent renovations include new hardwood floors, stainless steel appliances in the modern kitchen, and tiled bathrooms. The layout features a large living room/dining area, kitchen, a half bath and laundry, and three bedrooms across the home, along with an attic.
A garage provides on-site parking. The property is described as requiring no flood insurance and is noted as close to the VZ bridges ferry, public transportation, and other nearby amenities. HOA is referenced at the monthly level.
Zoned R4, the attached duplex format offers a practical setup for maintaining separate living spaces within one property.
A garage provides on-site parking. The property is described as requiring no flood insurance and is noted as close to the VZ bridges ferry, public transportation, and other nearby amenities. HOA is referenced at the monthly level.
Zoned R4, the attached duplex format offers a practical setup for maintaining separate living spaces within one property.
Key Highlights
- Attached two‑family duplex on 0.0328‑acre lot
- 1,232 SF home built in 1996 with wood‑frame construction
- Central air plus newly updated hardwood floors
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
$32,346
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
4.43%
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%
$646,920
$646.9K
Cap Rate 7%
$462,086
$462.1K
Cap Rate 9%
$359,400
$359.4K
Market Conditions
NOI Build-Up for 1,232 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
$50.3K $40.80/SF
− Vacancy
−$4.1K −$3.29/SF
EGI
$46.2K $37.51/SF
− OpEx
−$13.9K −$11.25/SF
NOI
$32.3K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$646,920
Cap Rate 7%
$462,086
Cap Rate 9%
$359,400
Alternative Uses
Best Use
Multifamily LT 5
$462.1K
$404.3K – $539.1K
NOI $32,346 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$425.1K
$372.0K – $496.0K
NOI $29,760 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$587.8K
$514.4K – $685.8K
NOI $41,149 @ 7.0% cap · market cap 5.64%
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
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - Zoned R4 and centrally air conditioned, this recently renovated attached duplex features hardwood floors, tiled bathrooms, and a garage.
Where is this duplex located?
The property is located at 250 Edgewater Street Staten Island, NY.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Attached two‑family duplex on 0.0328‑acre lot; 1,232 SF home built in 1996 with wood‑frame construction; Central air plus newly updated hardwood floors
