Modern Two-Unit Detached
For Sale
Contact for pricing
33 Ridgefield Avenue, Staten Island, NY 10304
Stunning, newly built two-unit home with modern design and spacious layouts.
Property Size1,980 SF
Price / SF$732.32
Days on Market154
Property Features for 33 Ridgefield Avenue
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Multifamily
Zoning
R-3A
Building Details
Year Built
2022
Stories
2
Units
2
Listing Agency:
Exp Realty, Llc
(917) 559-9158
Listed By:
Salvatore Settepani · License #New York
Source:
Crexi
Added: Mar 24
Changed: Aug 15
Last Checked: Aug 23 at 9:32AM
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 Exp Realty, Llc
Investment Insights
Based on property information with market context.
This two-unit detached home features modern design and spacious layouts. The newly built residence includes two separate units, each designed with contemporary finishes and open-concept living. Interiors feature sleek lines and high-quality craftsmanship, with sunlight entering through oversized windows. Each unit includes a spacious living and dining area, a modern kitchen with ample cabinetry and premium finishes, and well-proportioned bedrooms. The exterior showcases a sleek, modern façade, complemented by a private entrance, dedicated stairway, and well-maintained landscaping. Additional features include separate utilities. The property is located near major transportation, shopping, and local amenities. The property size is 1980 square feet.
Key Highlights
- Two separate units ideal for rental income or multi‑generational living
- Newly built in 2022 with modern design and high‑quality craftsmanship
- Spacious layouts with open‑concept living and oversized windows
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
$48,927
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
3.37%
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%
$978,540
$978.5K
Cap Rate 7%
$698,957
$699.0K
Cap Rate 9%
$543,633
$543.6K
Market Conditions
NOI Build-Up for 1,980 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
$76.0K $38.40/SF
− Vacancy
−$6.1K −$3.10/SF
EGI
$69.9K $35.30/SF
− OpEx
−$21.0K −$10.59/SF
NOI
$48.9K $24.71/SF
Area
ZIP 10304
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%
$978,540
Cap Rate 7%
$698,957
Cap Rate 9%
$543,633
Alternative Uses
Best Use
Multifamily LT 5
$699.0K
$611.6K – $815.5K
NOI $48,927 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$640.6K
$560.5K – $747.3K
NOI $44,840 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$944.7K
$826.7K – $1.10M
NOI $66,132 @ 7.0% cap · market cap 4.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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 - Stunning, newly built two-unit home with modern design and spacious layouts.
Where is this duplex located?
The property is located at 33 Ridgefield Avenue 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: Two separate units ideal for rental income or multi‑generational living; Newly built in 2022 with modern design and high‑quality craftsmanship; Spacious layouts with open‑concept living and oversized windows
