Residential Income Duplex with Basement
For Sale
$1,699,999
27 Edwin Street, Staten Island, NY 10312
Newly built center hall colonial includes a basement 1-bedroom, 1-bath apartment with a separate rear exit.
Property Size3,400 SF
Price / SF$499
Days on Market178
Property Features for 27 Edwin Street
General Information
Standard status
Active
Size
3,400 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R1-2
Additional Details
Clear Height
9 ft
Building Details
Building Size
3,400 SF
Year Built
2026
Units
2
Construction
Colonial
Listing Agency:
Coldwell Banker Advantage
(718) 447-3000
Listed By:
Mary T Giordano · License #10301218265
(718) 948-3600
Source:
Joannecostarealty
Added: Mar 16
Changed: Sep 8
Last Checked: Sep 7 at 11:00AM
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 Coldwell Banker Advantage
Investment Insights
Based on property information with market context.
New custom construction center hall colonial with a grand two-story entry, 9-foot ceilings, and black Anderson windows. The home offers five bedrooms and five bathrooms, along with a large custom kitchen featuring a butler pantry, access to the yard, and an open connection to the family room with fireplace. Interior finishes include porcelain tile on the first floor and hardwood on the second, with a blend of radiant and baseboard heat and natural stone and stucco exterior details. An attached garage is also included.
The property includes an additional bright basement apartment with one bedroom and one full bathroom, plus a separate exit from the basement to the rear of the home for the master unit. Located at 27 Edwin Street on Staten Island, NY 10312, with delivery targeted for Summer/Fall 2026.
This layout supports either rental income or extended-family use, with multiple egress points described for the basement level and the rear of the home.
The property includes an additional bright basement apartment with one bedroom and one full bathroom, plus a separate exit from the basement to the rear of the home for the master unit. Located at 27 Edwin Street on Staten Island, NY 10312, with delivery targeted for Summer/Fall 2026.
This layout supports either rental income or extended-family use, with multiple egress points described for the basement level and the rear of the home.
Key Highlights
- Brand‑new custom 5‑bedroom, 5‑bath center hall colonial with grand 2‑story entry, 9‑ft ceilings, and 3,400 SF (Summer/Fall 2026 delivery).
- Radiant and baseboard heat, porcelain tile on the first floor and hardwood on the second, plus 100+ high hats and black Anderson windows.
- Custom kitchen with oversized island (quartz countertops and backsplash), upgraded cabinets and appliances, and oversized sink; open to family room with fireplace.
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
$84,017
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
4.94%
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%
$1,680,340
$1.7M
Cap Rate 7%
$1,200,243
$1.2M
Cap Rate 9%
$933,522
$933.5K
Market Conditions
NOI Build-Up for 3,400 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
$130.6K $38.40/SF
− Vacancy
−$10.5K −$3.10/SF
EGI
$120.0K $35.30/SF
− OpEx
−$36.0K −$10.59/SF
NOI
$84.0K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,680,340
Cap Rate 7%
$1,200,243
Cap Rate 9%
$933,522
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,017 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$1.06M
$924.0K – $1.23M
NOI $73,917 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,561 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
9 ft
Clear height
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Newly built center hall colonial includes a basement 1-bedroom, 1-bath apartment with a separate rear exit.
Where is this duplex located?
The property is located at 27 Edwin Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: Brand‑new custom 5‑bedroom, 5‑bath center hall colonial with grand 2‑story entry, 9‑ft ceilings, and 3,400 SF (Summer/Fall 2026 delivery).; Radiant and baseboard heat, porcelain tile on the first floor and hardwood on the second, plus 100+ high hats and black Anderson windows.; Custom kitchen with oversized island (quartz countertops and backsplash), upgraded cabinets and appliances, and oversized sink; open to family room with fireplace.
