New Construction
For Sale
$1,450,000
27 Lava Street, Staten Island, NY 10305
Residential, Staten Island, NY
Property Size3,692 SF
Lot Size0.08 Acres
Price / SF$392.74
Days on Market148
Property Features for 27 Lava Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 2
Parking features
Garage - Detached
Basement
Full, Finished
Subdivision
South Beach
Standard status
Active
Size
3,692 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
8205
Building Details
Year built
2021
Floors in Building
2
Number of units
2
Flooring type
Tile
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yawei (Angel) Yang
(917) 708-9966
Added: Mar 30
Changed: Aug 20
Last Checked: Aug 24 at 4:06PM
MLS# 500101
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.
Built in 2021, this 3,692-square-foot duplex contains two residential units, each arranged with three bedrooms, one full bathroom, and one three-quarter bathroom. Both units include dedicated laundry and utility areas, open living spaces, custom kitchens with granite countertops and stainless steel appliances, and sliding-door access to the rear yard. Hardwood flooring is omitted due to conflicting source data regarding flooring materials.
The property occupies 0.0803 acres at 27 Lava Street in Staten Island, NY 10305, just off Olympia Blvd. A side driveway provides parking for up to three vehicles, supplemented by a detached one-car garage. Shopping, express bus service, the beach, and the boardwalk are identified nearby.
The property occupies 0.0803 acres at 27 Lava Street in Staten Island, NY 10305, just off Olympia Blvd. A side driveway provides parking for up to three vehicles, supplemented by a detached one-car garage. Shopping, express bus service, the beach, and the boardwalk are identified nearby.
Key Highlights
- New construction completed in 2021
- 3,692 square feet on a 0.0803‑acre lot
- Two units, each with 3 bedrooms, 1 full bathroom, and 1 three‑quarter bathroom
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
$96,934
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
6.69%
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%
$1,938,680
$1.9M
Cap Rate 7%
$1,384,771
$1.4M
Cap Rate 9%
$1,077,044
$1.1M
Market Conditions
NOI Build-Up for 3,692 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
$150.6K $40.80/SF
− Vacancy
−$12.2K −$3.29/SF
EGI
$138.5K $37.51/SF
− OpEx
−$41.5K −$11.25/SF
NOI
$96.9K $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%
$1,938,680
Cap Rate 7%
$1,384,771
Cap Rate 9%
$1,077,044
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.62M
NOI $96,934 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.49M
NOI $89,184 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,314 @ 7.0% cap · market cap 8.50%
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
1,949
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 - Two-family layout with private laundry, rear yard, and garage parking.
Where is this duplex located?
The property is located at 27 Lava Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: New construction completed in 2021; 3,692 square feet on a 0.0803‑acre lot; Two units, each with 3 bedrooms, 1 full bathroom, and 1 three‑quarter bathroom
