Detached Duplex with Private
For Sale
Contact for pricing
450 Ramona Avenue, Staten Island, NY 10309
Two-family residence with separate metering, basement living space, multiple bedrooms, and dedicated off-street parking.
Property Size2,175 SF
Lot Size0.09 Acres
Price / SF$523.22
Days on Market150
Property Features for 450 Ramona Avenue
General Information
Standard status
Active
Size
2,175 SF
Total Parking Spaces
4
Lot size
0.09 Acres
Property subtype
Multifamily
Zoning
R3X
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
fireplace
massage tub
washer and dryer
central air
individual metering
Building Details
Year Built
2005
Buildings
1
Stories
2
Units
1
Listing Agency:
ProBase Real Estate
Listed By:
JiaJie Zheng · License #10401377313
(718) 210-2727
Source:
Crexi
Added: Apr 8
Changed: Sep 2
Last Checked: Sep 2 at 9:12PM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This detached duplex, built in 2005, contains 2,175 square feet on a 40-by-100-foot lot, with a 25-by-45-foot building footprint. The basement includes a one-bedroom apartment with a full bathroom, along with laundry equipment in the other basement area. The main residence offers two living and dining combinations, a kitchen with backyard access, a fireplace in one living area, and a full bathroom on the first floor. Upstairs are three bedrooms, including a primary bedroom with a massage tub, plus another full bathroom. A renovated central air system serves the property, which also has two individual meters.
A private driveway provides 4 parking spaces. The property is located in Woodrow near an express highway, shopping, parks, and transportation. Zoning is R3X.
A private driveway provides 4 parking spaces. The property is located in Woodrow near an express highway, shopping, parks, and transportation. Zoning is R3X.
Key Highlights
- 2,175‑square‑foot detached duplex on a 40x100 lot
- 25x45 building footprint with a private driveway
- Basement includes a one‑bedroom apartment and full bath
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
$54,088
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
4.75%
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%
$1,081,760
$1.1M
Cap Rate 7%
$772,686
$772.7K
Cap Rate 9%
$600,978
$601.0K
Market Conditions
NOI Build-Up for 2,175 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
$80.9K $37.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$77.3K $35.53/SF
− OpEx
−$23.2K −$10.66/SF
NOI
$54.1K $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 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%
$1,081,760
Cap Rate 7%
$772,686
Cap Rate 9%
$600,978
Alternative Uses
Best Use
Multifamily LT 5
$772.7K
$676.1K – $901.5K
NOI $54,088 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$689.0K
$602.9K – $803.9K
NOI $48,233 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.04M
$908.1K – $1.21M
NOI $72,645 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 residence with separate metering, basement living space, multiple bedrooms, and dedicated off-street parking.
Where is this duplex located?
The property is located at 450 Ramona Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,138,000.
What are key features of this property?
This property features: 2,175‑square‑foot detached duplex on a 40x100 lot; 25x45 building footprint with a private driveway; Basement includes a one‑bedroom apartment and full bath
