Two-Family Corner Colonial with
For Sale
Contact for pricing
Pending
282 Ramona Avenue, Staten Island, NY 10312
Two-family center hall colonial with hardwood floors, central air, and a heated in-ground saltwater pool on a corner lot.
Property Size3,510 SF
Days on Market120
Property Features for 282 Ramona Avenue
General Information
Standard status
Pending
Size
3,510 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
R3X
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
hardwood floors
baseboard heat
central air conditioning
full finished basement
two-car garage
paved driveway
PVC fencing
heated saltwater in-ground swimming pool
waterfall
mature gardens
Building Details
Year Built
1999
Stories
2
Units
2
Construction
colonial
Listing Agency:
DiTommaso Real Estate
Listed By:
Pamela Zappulla · License #40AK1178788
(917) 660-6581
Source:
Crexi
Added: May 8
Changed: Aug 8
Last Checked: Jul 24 at 11:20AM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This two-family center hall colonial offers flexible living with a three-bedroom main residence and a two-bedroom apartment. The home includes hardwood floors throughout, baseboard heat, and central air conditioning, along with a newer roof. A walk-up apartment and a fully finished basement add additional space, while the two-car garage provides convenient parking and storage.
Set on a desirable corner property, the exterior features a paved driveway and PVC fencing around the yard. A paver area surrounds the pool, which is a heated saltwater in-ground swimming pool with a brand-new liner and waterfall, set within a landscaped, mature garden setting.
The layout supports adaptable configurations, including the option to adjust the main unit for a four-bedroom setup while maintaining the separate two-bedroom apartment.
Set on a desirable corner property, the exterior features a paved driveway and PVC fencing around the yard. A paver area surrounds the pool, which is a heated saltwater in-ground swimming pool with a brand-new liner and waterfall, set within a landscaped, mature garden setting.
The layout supports adaptable configurations, including the option to adjust the main unit for a four-bedroom setup while maintaining the separate two-bedroom apartment.
Key Highlights
- 1999‑built two‑family center hall colonial on a corner property with a 3‑bedroom main residence plus a 2‑bedroom apartment
- Total of five bedrooms, with a flexible layout allowing the main unit to be converted to a four‑bedroom setup
- Hardwood floors throughout, baseboard heat, and central air conditioning
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
$86,735
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
5.42%
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%
$1,734,700
$1.7M
Cap Rate 7%
$1,239,071
$1.2M
Cap Rate 9%
$963,722
$963.7K
Market Conditions
NOI Build-Up for 3,510 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
$134.8K $38.40/SF
− Vacancy
−$10.9K −$3.10/SF
EGI
$123.9K $35.30/SF
− OpEx
−$37.2K −$10.59/SF
NOI
$86.7K $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%
$1,734,700
Cap Rate 7%
$1,239,071
Cap Rate 9%
$963,722
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,735 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$1.09M
$953.9K – $1.27M
NOI $76,309 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.67M
$1.47M – $1.95M
NOI $117,235 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
432
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 - Two-family center hall colonial with hardwood floors, central air, and a heated in-ground saltwater pool on a corner lot.
Where is this duplex located?
The property is located at 282 Ramona Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 1999‑built two‑family center hall colonial on a corner property with a 3‑bedroom main residence plus a 2‑bedroom apartment; Total of five bedrooms, with a flexible layout allowing the main unit to be converted to a four‑bedroom setup; Hardwood floors throughout, baseboard heat, and central air conditioning
