Renovated Duplex with Private
New
For Sale
$699,000
Pending
33 Ludwig Lane, Staten Island, NY 10303
A separate-entry lower-level apartment adds a second living space with its own kitchen and full bathroom.
Property Size2,000 SF
Days on Market7
Property Features for 33 Ludwig Lane
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Residential Income
Zoning
R3-2
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,489
Amenities
1
true
3
4
2100
208 X 104
0.05
Carport,On Street
2000
Building Details
Building Size
2,000 SF
Year Built
1999
Year Renovated
2025
Buildings
1
Stories
2
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Ahmed Oun · License #10401384141
(347) 466-1819
Source:
Matiasrealestatenyc
Added: Oct 31
Changed: Nov 5
Last Checked: Nov 5 at 8:57AM
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 Robert DeFalco Realty, Inc.
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Investment Insights
Based on property information with market context.
This two-family duplex at 33 Ludwig Lane has 2,000 square feet and was renovated in 2025. The main residence includes a kitchen with quartz countertops, hardwood floors, three bedrooms, one full bathroom, and one half bath. A separate entrance serves the lower-level apartment, which has its own kitchen and full bathroom.
The property is near Forest Avenue, with shopping, dining, and public transportation in the surrounding area. On-street parking and a carport are listed among the exterior features. The home was built in 1999 and is zoned R3-2.
The property is near Forest Avenue, with shopping, dining, and public transportation in the surrounding area. On-street parking and a carport are listed among the exterior features. The home was built in 1999 and is zoned R3-2.
Key Highlights
- Two‑family duplex with 2,000 square feet
- Renovated in 2025; built in 1999
- Lower‑level apartment has a separate entrance, kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,736
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,720
$994.7K
Cap Rate 7%
$710,514
$710.5K
Cap Rate 9%
$552,622
$552.6K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$74.4K $37.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$71.1K $35.53/SF
− OpEx
−$21.3K −$10.66/SF
NOI
$49.7K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,720
Cap Rate 7%
$710,514
Cap Rate 9%
$552,622
Alternative Uses
Best Use
Multifamily LT 5
$710.5K
$621.7K – $828.9K
NOI $49,736 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$633.6K
$554.4K – $739.2K
NOI $44,352 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$954.3K
$835.0K – $1.11M
NOI $66,800 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
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Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate-entry lower-level apartment adds a second living space with its own kitchen and full bathroom.
Where is this duplex located?
The property is located at 33 Ludwig Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑family duplex with 2,000 square feet; Renovated in 2025; built in 1999; Lower‑level apartment has a separate entrance, kitchen, and full bathroom
