Renovated Masonry
For Sale
$1,299,000
310 Delaware Avenue, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size3,200 SF
Lot Size0.05 Acres
Price / SF$405.94
Days on Market88
Property Features for 310 Delaware Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bathroom 2, Bathroom 5, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Dining Room, Bedroom 1, Bedroom 5
Parking
2
Parking features
Driveway, Garage
Window features
Skylight(s), ENERGY STAR Qualified WIndows
Interior features
First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Formal Dining, High Ceilings, In-Law Floorplan, Kitchen Island, Natural Woodwork, Open Kitchen, Original Details, Primary Bathroom, Quartz/Quartzite Counters, Recessed Lighting, Soaking Tub, Storage
Exterior features
Balcony, Garden, Lighting
Lot features
Back Yard, Garden
Elementary school
Ps 52 John C Thompson
Middle school
Is 2 George L Egbert
High school
New Dorp High School
Elementary school district
NEW YORK CITY GEOGRAPHIC DISTRICT #31
Middle school district
NEW YORK CITY GEOGRAPHIC DISTRICT #31
High school district
NEW YORK CITY GEOGRAPHIC DISTRICT #31
Directions
From Brooklyn / Long Island / Queens (via Verrazzano-Narrows Bridge): Take the I-278 W / Verrazzano-Narrows Bridge toward Staten Island. Take Exit 15 for Lily Pond Ave / Father Capodanno Blvd. Bring the ramp around and merge onto Lily Pond Ave (heading south toward the water). Lily Pond Ave naturally turns into Father Capodanno Blvd. Turn right onto Seaview Ave. Turn right onto Cromwell Ave. Turn left at the first cross street onto Delaware Ave. The property will be on your left.
Standard status
Active
APN
5-03337-0019
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7531
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Radiant, Radiant Floor, Heat Pump (Heating), Energy Star Qualified Equipment (Heating)
Cooling system
Ductless, ENERGY STAR Qualified Equipment
Water source
Public
Amenities
updated kitchens
hardwood and laminate flooring
modern third-floor living space
abundant storage
private parking
backyard with garden space
Building Details
Year built
1975
Number of units
3
Flooring type
Tile - Ceramic, Wood, Laminate, Combination, Hardwood
Building materials
Block, Brick
Additional Structures
Storage
Listing Agency:
Greene Realty Group
(860) 560-1006
Listed By:
Derek J. Greene · License #10371200613
(860) 560-1006
Added: Jun 3
Changed: Aug 20
Last Checked: Aug 29 at 12:06AM
MLS# 1006740
Copyright © 2026 OneKey MLS. 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.
This Staten Island triplex is arranged across three levels and features block-and-brick construction, updated interiors, and a flexible residential layout. Interior details include quartz kitchen counters, hardwood and laminate flooring, a refreshed third-floor living area, multiple bathrooms, high ceilings, and substantial storage. Existing tenants provide current rental occupancy, while the floor plan also includes an in-law configuration and adaptable living spaces.
Exterior features include a driveway, garage, balcony, lighting, and a backyard with garden space. The property sits on a 0.0545-acre lot and is served by public water and public sewer. Built in 1975, the home uses natural gas and radiant heating systems with ductless cooling. The address is 310 Delaware Avenue in Staten Island, NY 10305.
Exterior features include a driveway, garage, balcony, lighting, and a backyard with garden space. The property sits on a 0.0545-acre lot and is served by public water and public sewer. Built in 1975, the home uses natural gas and radiant heating systems with ductless cooling. The address is 310 Delaware Avenue in Staten Island, NY 10305.
Key Highlights
- Triplex arranged across three levels
- Block‑and‑brick construction with updated interiors
- Existing tenants provide current rental occupancy
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
$84,017
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
6.47%
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%
$1,680,340
$1.7M
Cap Rate 7%
$1,200,243
$1.2M
Cap Rate 9%
$933,522
$933.5K
Market Conditions
NOI Build-Up for 3,200 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
$130.6K $40.80/SF
− Vacancy
−$10.5K −$3.29/SF
EGI
$120.0K $37.51/SF
− OpEx
−$36.0K −$11.25/SF
NOI
$84.0K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$1,680,340
Cap Rate 7%
$1,200,243
Cap Rate 9%
$933,522
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,017 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$1.10M
$966.2K – $1.29M
NOI $77,299 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,881 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,687
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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?
Triplex - Three-level masonry property with tenant occupancy, updated kitchens, private parking, storage, and a garden area.
Where is this triplex located?
The property is located at 310 Delaware 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: Triplex arranged across three levels; Block‑and‑brick construction with updated interiors; Existing tenants provide current rental occupancy
