Duplex Property with Rental
For Sale
Contact for pricing
52 Ridgewood Avenue, Staten Island, NY 10312
Split-level primary residence includes a renovated kitchen, outdoor entertaining space, pool, and private parking.
Property Size3,360 SF
Price / SF$386.61
Days on Market59
Property Features for 52 Ridgewood Avenue
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Multifamily
Zoning
R3-2
Units
Unit Mix
1 x 3BR/3BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
gas fireplace
deck
in-ground pool
hardwood floors
Building Details
Year Built
1993
Stories
3
Units
1
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Miroslava Simanovsky · License #40SI0750581
(718) 668-2550
Source:
Crexi
Added: Jul 7
Changed: Aug 31
Last Checked: Sep 2 at 11:25AM
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 Homes R Us Realty of NY, Inc.
Investment Insights
Based on property information with market context.
This duplex property pairs a split-level main residence with an income-producing rental apartment. The primary home provides 3 bedrooms, 3 bathrooms, a grand foyer, formal living and dining rooms, an eat-in kitchen renovated 5 years ago, and a family room with a gas fireplace. Hardwood flooring, stainless steel appliances, a washer and dryer, a large deck, and an in-ground pool add to the overall configuration. A private driveway and garage provide on-site parking.
The rental apartment includes 1 bedroom, a living room with kitchen area, and a full bathroom. The roof is 6 years old, and the property was built in 1993. Located in Eltingville, the property is within walking distance of the train, local buses, shopping, and restaurants. Zoning is R3-2.
The rental apartment includes 1 bedroom, a living room with kitchen area, and a full bathroom. The roof is 6 years old, and the property was built in 1993. Located in Eltingville, the property is within walking distance of the train, local buses, shopping, and restaurants. Zoning is R3-2.
Key Highlights
- Main residence includes 3 bedrooms and 3 bathrooms
- Income‑producing rental apartment with 1 bedroom and full bathroom
- Eat‑in kitchen renovated 5 years ago
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
$83,028
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
6.39%
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%
$1,660,560
$1.7M
Cap Rate 7%
$1,186,114
$1.2M
Cap Rate 9%
$922,533
$922.5K
Market Conditions
NOI Build-Up for 3,360 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
$129.0K $38.40/SF
− Vacancy
−$10.4K −$3.10/SF
EGI
$118.6K $35.30/SF
− OpEx
−$35.6K −$10.59/SF
NOI
$83.0K $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%
$1,660,560
Cap Rate 7%
$1,186,114
Cap Rate 9%
$922,533
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.38M
NOI $83,028 @ 7.0% cap · market cap 6.39%
Second Best
Apartment 5plus
$1.04M
$913.1K – $1.22M
NOI $73,048 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,225 @ 7.0% cap · market cap 8.64%
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
1,126
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 - Split-level primary residence includes a renovated kitchen, outdoor entertaining space, pool, and private parking.
Where is this duplex located?
The property is located at 52 Ridgewood Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Main residence includes 3 bedrooms and 3 bathrooms; Income‑producing rental apartment with 1 bedroom and full bathroom; Eat‑in kitchen renovated 5 years ago
