New Construction Multifamily
For Sale
$999,000
263 Rudyard St, Staten Island, NY 10306
Semi-detached three-bedroom home under construction with modern finishes and anticipated 2027 completion.
Property Size1,500 SF
Price / SF$666
Days on Market65
Property Features for 263 Rudyard St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Building Details
Year Built
2027
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Huan Kuei Lo · License #10401313713
(718) 668-2550
Source:
Statenislandhomelistings
Added: Jul 19
Changed: Sep 17
Last Checked: Sep 21 at 7:30AM
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 Homes R Us Realty of NY, Inc.
Investment Insights
Based on property information with market context.
This new-construction multifamily property is planned as a semi-detached home with three bedrooms and contemporary finishes. Construction is underway, with completion anticipated in February 2027. The home offers a newly built residential configuration suited to buyers seeking modern construction and a defined bedroom layout.
Located in the Midland Beach neighborhood of Staten Island, the property provides transportation access to Manhattan and Brooklyn. Staten Island Technical High School, shopping, restaurants, parks, and everyday services are also located nearby.
Located in the Midland Beach neighborhood of Staten Island, the property provides transportation access to Manhattan and Brooklyn. Staten Island Technical High School, shopping, restaurants, parks, and everyday services are also located nearby.
Key Highlights
- Three‑bedroom semi‑detached home
- Under construction with completion anticipated in February 2027
- Modern finishes planned throughout
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
$33,858
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
3.39%
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%
$677,160
$677.2K
Cap Rate 7%
$483,686
$483.7K
Cap Rate 9%
$376,200
$376.2K
Market Conditions
NOI Build-Up for 1,500 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
$64.8K $43.20/SF
− Vacancy
−$3.2K −$2.16/SF
EGI
$61.6K $41.04/SF
− OpEx
−$27.7K −$18.47/SF
NOI
$33.9K $22.57/SF
Area
ZIP 10306
Vacancy
5.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
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%
$677,160
Cap Rate 7%
$483,686
Cap Rate 9%
$376,200
Alternative Uses
Best Use
Apartment 5plus
$483.7K
$423.2K – $564.3K
NOI $33,858 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$715.7K
$626.3K – $835.0K
NOI $50,100 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
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
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?
Multifamily property - Semi-detached three-bedroom home under construction with modern finishes and anticipated 2027 completion.
Where is this multifamily property located?
The property is located at 263 Rudyard St Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑bedroom semi‑detached home; Under construction with completion anticipated in February 2027; Modern finishes planned throughout
