Turn-Key Two-Family Home with
For Sale
$1,455,000
42 Serena Court, Staten Island, NY 10312
MULTI_FAMILY - Staten Island, NY
Property Size2,600 SF
Lot Size0.12 Acres
Price / SF$559.62
Days on Market143
Property Features for 42 Serena Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 1
Parking features
Garage
Patio and Porch features
Patio
Interior features
Central Air, Dryer, Laundry Area, Patio Garden, Refrigerator, Stove, Washer, Window Treatments
Basement
Finished, Full
Subdivision
Annadale
Standard status
Active
Size
2,600 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
12813
Amenities
custom closets
radiant heated floors
gas fireplace
Sonos speaker system
central vacuum
backyard oasis
built-in barbecue
custom lighting
lush landscaping
Building Details
Year built
2016
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
Listed By:
Anthony Mussolino
(718) 238-6080
Added: Apr 4
Changed: Aug 18
Last Checked: Aug 24 at 3:06PM
MLS# 500209
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.
Detached two-family duplex built in 2016, set on a private cul-de-sac. The primary residence is an expansive 8-room duplex with four bedrooms, two full bathrooms (including an en-suite with a separate shower and soaking tub), plus an additional half bathroom. A finished basement adds extra living and entertaining space.
Interior features include multi-zone central air, radiant heated floors, 9-foot ceilings, hardwood and tile flooring, a sunken living room with a gas fireplace, and a chef’s kitchen with granite countertops plus Sub-Zero refrigerator, Wolf oven, and Miele dishwasher. Additional upgrades include custom closets, central vacuum, Sonos speaker system, and in-unit washer and dryer. The home also includes a finished backyard with pavers, built-in barbecue, custom lighting, and mature trees.
A three-room side apartment offers an option for extended family use or rental flexibility. The property includes a built-in garage and two private driveways with parking for up to four cars. Approx. 2,600 square feet building size sits on a 41 x 125 lot.
Interior features include multi-zone central air, radiant heated floors, 9-foot ceilings, hardwood and tile flooring, a sunken living room with a gas fireplace, and a chef’s kitchen with granite countertops plus Sub-Zero refrigerator, Wolf oven, and Miele dishwasher. Additional upgrades include custom closets, central vacuum, Sonos speaker system, and in-unit washer and dryer. The home also includes a finished backyard with pavers, built-in barbecue, custom lighting, and mature trees.
A three-room side apartment offers an option for extended family use or rental flexibility. The property includes a built-in garage and two private driveways with parking for up to four cars. Approx. 2,600 square feet building size sits on a 41 x 125 lot.
Key Highlights
- Approx. 2,600 SF detached two‑family duplex built in 2016
- Four‑bedroom primary duplex with two full baths plus an additional half bath
- Multi‑zone central air and radiant heated floors with 9‑foot ceilings
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
$64,248
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
4.42%
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%
$1,284,960
$1.3M
Cap Rate 7%
$917,829
$917.8K
Cap Rate 9%
$713,867
$713.9K
Market Conditions
NOI Build-Up for 2,600 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
$99.8K $38.40/SF
− Vacancy
−$8.1K −$3.10/SF
EGI
$91.8K $35.30/SF
− OpEx
−$27.5K −$10.59/SF
NOI
$64.2K $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%
$1,284,960
Cap Rate 7%
$917,829
Cap Rate 9%
$713,867
Alternative Uses
Best Use
Multifamily LT 5
$917.8K
$803.1K – $1.07M
NOI $64,248 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$807.5K
$706.6K – $942.1K
NOI $56,525 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,841 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
453
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 - Detached two-family duplex on a private cul-de-sac with an attached garage and patio.
Where is this duplex located?
The property is located at 42 Serena Court Staten Island, NY.
What is the asking price?
The asking price for this property is $1,455,000.
What are key features of this property?
This property features: Approx. 2,600 SF detached two‑family duplex built in 2016; Four‑bedroom primary duplex with two full baths plus an additional half bath; Multi‑zone central air and radiant heated floors with 9‑foot ceilings
