Two-Family Center Hall
For Sale
Contact for pricing
35 Serena Court, Staten Island, NY 10312
2018-built duplex with a separate apartment, premium interior finishes, and extensive outdoor entertaining features.
Property Size4,065 SF
Price / SF$393.36
Days on Market20
Property Features for 35 Serena Court
General Information
Standard status
Active
Size
4,065 SF
Property subtype
Multifamily
Zoning
R3-X
Additional Details
Multifamily Units
2
Amenities
pool
outdoor kitchen
gazebo
paver patio
gas fireplace
walk-in closet
soaking tub
solar panels
Building Details
Year Built
2018
Stories
2
Units
1
Construction
Center Hall Colonial
Tenancy
Multi
Listing Agency:
NextHome Prestige
Listed By:
Vladimir Barman · License #10301215395
Source:
Crexi
Added: Aug 16
Changed: Aug 28
Last Checked: Sep 1 at 12:03AM
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 NextHome Prestige
Investment Insights
Based on property information with market context.
This 2018-built two-family Center Hall Colonial provides a flexible residential configuration with a primary home and a one-bedroom apartment with interior access. The main residence includes a custom kitchen with quartz countertops, Wolf and Sub-Zero appliances, a center island, formal living and dining rooms, a sunken family room with gas fireplace, radiant heat, hardwood floors, and a laundry room. Upstairs are a primary suite with a walk-in California Closet and large bath, three additional bedrooms, and a floored attic. The basement adds two rooms and substantial closet space.
Outdoor improvements include a saltwater in-ground pool, kitchen, gazebo, paver patio, and mature landscaping. Solar panels, a large lot, and R3-X zoning further define the property’s configuration.
Outdoor improvements include a saltwater in-ground pool, kitchen, gazebo, paver patio, and mature landscaping. Solar panels, a large lot, and R3-X zoning further define the property’s configuration.
Key Highlights
- Two‑family Center Hall Colonial with a one‑bedroom apartment and interior access
- 2018 construction with R3‑X zoning
- Custom kitchen with quartz counters, Wolf oven, Sub‑Zero refrigerator, wine cooler, and center island
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
$100,449
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
6.28%
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%
$2,008,980
$2.0M
Cap Rate 7%
$1,434,986
$1.4M
Cap Rate 9%
$1,116,100
$1.1M
Market Conditions
NOI Build-Up for 4,065 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
$156.1K $38.40/SF
− Vacancy
−$12.6K −$3.10/SF
EGI
$143.5K $35.30/SF
− OpEx
−$43.0K −$10.59/SF
NOI
$100.4K $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%
$2,008,980
Cap Rate 7%
$1,434,986
Cap Rate 9%
$1,116,100
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.26M – $1.67M
NOI $100,449 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,375 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,772 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
500
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 - 2018-built duplex with a separate apartment, premium interior finishes, and extensive outdoor entertaining features.
Where is this duplex located?
The property is located at 35 Serena Court 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: Two‑family Center Hall Colonial with a one‑bedroom apartment and interior access; 2018 construction with R3‑X zoning; Custom kitchen with quartz counters, Wolf oven, Sub‑Zero refrigerator, wine cooler, and center island
