Two-Family Residential Income
388 Arden Avenue Staten Island, NY 10312
388 Arden Avenue, Staten Island, NY, 10312
$1,668,888
For Sale
$1,668,888
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size2,988 SF
Lot Size0.16 Acres
Price / SF$558.53
Days on Market52
Property Features for 388 Arden Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Zoning
- R3X
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 5, Bathroom 2, Bathroom 5, Bedroom 6, Bedroom 4, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 3
- Parking features
- Driveway
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,988 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4526
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Stone, Stucco, Vinyl Siding
- Architectural style
- Colonial
Listing agency
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed by
Chia Chen · License #10401317469
(718) 987-7900
Added: Jun 2 Updated: Jul 22 at 12:52PM Checked: Jul 23 at 1:06AM
MLS# 2603093
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 newly built two-family (6/6) house is part of a larger residential income offering and features three extra-large bedrooms and three bathrooms in the main unit, along with attic storage. The second-floor apartment includes three extra-large bedrooms, two bathrooms, and additional attic storage spaces.
The property is situated on a lot with a long driveway providing parking for at least five cars, plus a detached garage. It is located in Woodrow and is only a few ways to Highway 440.
The offering includes both apartment configurations within the same two-family structure, supported by driveway parking and detached garage amenities.
The property is situated on a lot with a long driveway providing parking for at least five cars, plus a detached garage. It is located in Woodrow and is only a few ways to Highway 440.
The offering includes both apartment configurations within the same two-family structure, supported by driveway parking and detached garage amenities.
Key Highlights
- Under construction new two‑family (6/6) Colonial home, YearBuilt 2026
- Lot size over 7,000 SF
- Main house features 3 extra‑large bedrooms and 3 bathrooms
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.7k | $38.40 |
| − Vacancy | −$9.3k | −$3.10 |
| EGI | $105.5k | $35.30 |
| − OpEx | −$31.6k | −$10.59 |
| NOI | $73.8k | $24.71 |
2,988 SF · lease $38.40/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$923.0K – $1.23M
NOI $73,836 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$928.0K
$812.0K – $1.08M
NOI $64,960 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,800 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Newly built two-family home on a long driveway with detached garage and attic storage.
Where is this duplex located?
The property is located at 388 Arden Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,668,888.
What are key features of this property?
This property features: Under construction new two‑family (6/6) Colonial home, YearBuilt 2026; Lot size over 7,000 SF; Main house features 3 extra‑large bedrooms and 3 bathrooms
