Duplex with Finished
For Sale
$1,350,000
5 Rigimar Court, Staten Island, NY 10309
Brick-and-stucco residence includes an attached garage and radiant-heated marble flooring.
Property Size2,856 SF
Price / SF$472.69
Days on Market184
Property Features for 5 Rigimar Court
General Information
Standard status
Active
Size
2,856 SF
Property subtype
MultiFamily
Zoning
R-3X
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,333
Amenities
radiant heated flooring
marble floors
snow melting pavers
attached garage
finished basement
rec room
Eat In
Half Bath
3
Gas
Forced Air
Fireplace, Separate
4.00
Finished
Full
Central
Brick, Stucco
Building Details
Year Built
2003
Buildings
1
Construction
Colonial
Listing Agency:
Keller Williams Realty Staten Island
Listed By:
Jillian Abbadessa · License #10401330886
(718) 766-7159
Source:
Compass
Added: Mar 2
Changed: Sep 2
Last Checked: Aug 30 at 5:54PM
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 Keller Williams Realty Staten Island
Investment Insights
Based on property information with market context.
This 2,856-square-foot duplex, built in 2003, provides a two-family layout with four bedrooms and flexible interior space. The main level includes separate living and dining rooms, while the oak kitchen offers generous work surfaces and direct connection to the living areas. Marble flooring with radiant heat adds comfort, and the finished basement contains a recreation room suited to exercise, play, or additional gathering space. An attached garage contributes practical storage and parking utility.
Located at 5 Rigimar Court in Staten Island, the home occupies a private block and features brick and stucco exterior construction. The property is zoned R-3X and includes a fireplace, central air conditioning, forced-air heating, and gas service.
Located at 5 Rigimar Court in Staten Island, the home occupies a private block and features brick and stucco exterior construction. The property is zoned R-3X and includes a fireplace, central air conditioning, forced-air heating, and gas service.
Key Highlights
- 2,856 SF duplex built in 2003
- Two‑family layout with 4 bedrooms
- Finished basement with recreation room
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
$71,024
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
5.26%
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%
$1,420,480
$1.4M
Cap Rate 7%
$1,014,629
$1.0M
Cap Rate 9%
$789,156
$789.2K
Market Conditions
NOI Build-Up for 2,856 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
$106.2K $37.20/SF
− Vacancy
−$4.8K −$1.67/SF
EGI
$101.5K $35.53/SF
− OpEx
−$30.4K −$10.66/SF
NOI
$71.0K $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%
$1,420,480
Cap Rate 7%
$1,014,629
Cap Rate 9%
$789,156
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.8K – $1.18M
NOI $71,024 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$904.8K
$791.7K – $1.06M
NOI $63,335 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,391 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
383
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 - Brick-and-stucco residence includes an attached garage and radiant-heated marble flooring.
Where is this duplex located?
The property is located at 5 Rigimar Court Staten Island, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,856 SF duplex built in 2003; Two‑family layout with 4 bedrooms; Finished basement with recreation room
