Duplex with In-Ground
New
For Sale
$1,449,000
587 Ramona Avenue, Staten Island, NY 10309
Center hall layout includes four bedrooms, a separate one-bedroom apartment, built-in garage, and outdoor entertaining space.
Property Size3,018 SF
Lot Size0.11 Acres
Price / SF$480.12
Days on Market2
Property Features for 587 Ramona Avenue
General Information
Standard status
Active
Size
3,018 SF
Lot size
0.11 Acres
Property subtype
Multi-Family
Amenities
custom double iron entry doors
Andersen windows
recessed lighting
in-ground swimming pool
Jacuzzi tub
Building Details
Year Built
2006
Construction
stone-and-stucco
Listing Agency:
RE/MAX Edge
Listed By:
Ping Chen · License #PC7262
(718) 612-3088
Source:
Movetonewjersey
Added: Sep 20
Last Checked: Sep 21 at 4:31AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This 2006 duplex property includes approximately 3,018 square feet on a 50' x 100' lot, with a main residence measuring 35' x 45'. The primary living area features a two-story entry foyer, formal living and dining rooms, a family room, eat-in kitchen, powder room, laundry room, four bedrooms, and two full bathrooms. The primary suite includes two walk-in closets and an en-suite bath with a Jacuzzi tub, separate shower, and double vanity. A built-in garage, Andersen windows, hardwood flooring, tiled floors, recessed lighting, and stone-and-stucco exterior further define the property.
The paved backyard includes an in-ground swimming pool and space for outdoor dining and gatherings. A separate apartment has its own side entrance, one bedroom, kitchen, living area, and private laundry room. The property is located near shopping, dining, and transportation in Huguenot.
The paved backyard includes an in-ground swimming pool and space for outdoor dining and gatherings. A separate apartment has its own side entrance, one bedroom, kitchen, living area, and private laundry room. The property is located near shopping, dining, and transportation in Huguenot.
Key Highlights
- Approximately 3,018 square feet on a 50' x 100' lot
- 35' x 45' main residence built in 2006
- Four‑bedroom primary residence with two full bathrooms
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
$75,052
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
5.18%
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%
$1,501,040
$1.5M
Cap Rate 7%
$1,072,171
$1.1M
Cap Rate 9%
$833,911
$833.9K
Market Conditions
NOI Build-Up for 3,018 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
$112.3K $37.20/SF
− Vacancy
−$5.1K −$1.67/SF
EGI
$107.2K $35.53/SF
− OpEx
−$32.2K −$10.66/SF
NOI
$75.1K $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%
$1,501,040
Cap Rate 7%
$1,072,171
Cap Rate 9%
$833,911
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.2K – $1.25M
NOI $75,052 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$956.1K
$836.6K – $1.12M
NOI $66,927 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,802 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
360
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Center hall layout includes four bedrooms, a separate one-bedroom apartment, built-in garage, and outdoor entertaining space.
Where is this duplex located?
The property is located at 587 Ramona Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Approximately 3,018 square feet on a 50' x 100' lot; 35' x 45' main residence built in 2006; Four‑bedroom primary residence with two full bathrooms
