Cape Cod Two-Family
For Sale
$799,000
Pending
357 Burgher Avenue, Staten Island, NY 10305
MULTI_FAMILY - Cape Cod - Staten Island, NY
Property Size1,130 SF
Lot Size0.11 Acres
Days on Market102
Property Features for 357 Burgher Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
Driveway, Garage
Basement
Unfinished
Lot features
Front Yard, Back Yard
Subdivision
Dongan Hills- Below Hylan
Standard status
Pending
APN
03360-0007
Size
1,130 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
6490
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1955
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding, Wood Siding
Architectural style
Cape Cod
Listing Agency:
Sari Kingsley, Real Estate
(718) 667-1800
Listed By:
Anthony Caroccia · License #10301221836
(646) 678-1983
Added: Jun 3
Changed: Aug 4
Last Checked: Sep 12 at 3:06AM
MLS# 2603115
Copyright © 2026 Staten Island Board of Realtors. 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 well-maintained two-family Cape Cod duplex offers a practical owner-occupant or investment layout with hardwood floors throughout. The main unit features two bedrooms and one full bath, plus an unfinished basement that includes a 3/4 bath. The second-floor apartment provides one bedroom and one bath. Heating is natural gas with hot-water heating, and cooling is provided by window unit(s). Construction includes aluminum siding and wood siding. Public sewer services the property, and it was built in 1955.
Recent exterior improvements include a new roof installed in 2024, along with new gutters, leaders, and siding completed in 2025. Parking consists of a driveway and a garage.
Set on a 0.1148-acre lot, the property is recorded at 1,130 square feet. Zoning is R3X.
Recent exterior improvements include a new roof installed in 2024, along with new gutters, leaders, and siding completed in 2025. Parking consists of a driveway and a garage.
Set on a 0.1148-acre lot, the property is recorded at 1,130 square feet. Zoning is R3X.
Key Highlights
- Two‑family Cape Cod duplex with hardwood floors throughout
- Main unit: two bedrooms, one full bath; unfinished basement with 3/4 bath
- Second‑floor apartment: one bedroom and one 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
$29,668
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
3.71%
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%
$593,360
$593.4K
Cap Rate 7%
$423,829
$423.8K
Cap Rate 9%
$329,644
$329.6K
Market Conditions
NOI Build-Up for 1,130 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
$46.1K $40.80/SF
− Vacancy
−$3.7K −$3.29/SF
EGI
$42.4K $37.51/SF
− OpEx
−$12.7K −$11.25/SF
NOI
$29.7K $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%
$593,360
Cap Rate 7%
$423,829
Cap Rate 9%
$329,644
Alternative Uses
Best Use
Multifamily LT 5
$423.8K
$370.9K – $494.5K
NOI $29,668 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$389.9K
$341.2K – $454.9K
NOI $27,296 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$539.2K
$471.8K – $629.0K
NOI $37,742 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,481
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
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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 - Two-family Cape Cod duplex with R3X zoning, hardwood floors, natural gas heating, and updated exterior improvements.
Where is this duplex located?
The property is located at 357 Burgher Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family Cape Cod duplex with hardwood floors throughout; Main unit: two bedrooms, one full bath; unfinished basement with 3/4 bath; Second‑floor apartment: one bedroom and one bath
