Ranch Two-Family Duplex with
For Sale
$999,000
Pending
410 Carlton Boulevard, Staten Island, NY 10312
MULTI_FAMILY - Ranch - Staten Island, NY
Property Size2,876 SF
Lot Size0.14 Acres
Days on Market22
Property Features for 410 Carlton Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 4
Parking features
Off Street
Patio and Porch features
Patio
Exterior features
Balcony
Basement
Full
Lot features
Front Yard, Back Yard
Subdivision
Arden Heights
Standard status
Pending
APN
5775-45
Size
2,876 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8877
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Wall Unit(s)
Building Details
Year built
1984
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Architectural style
Ranch
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Victoria Cavicchio · License #10401314032
(631) 926-7909
Added: Jul 23
Changed: Aug 3
Last Checked: Aug 13 at 6:06AM
MLS# 2604144
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.
Ranch two-family duplex on a 50' x 120' lot with approximately 2,876 SF. Built in 1984 and finished with vinyl siding, the property offers two independent residences, each with its own full bathroom and bedroom space. The main residence includes a first-floor recreation room, bedroom, and full bathroom, with additional living space upstairs featuring a living room, formal dining room, eat-in kitchen, three bedrooms, and two full bathrooms. A full finished basement adds flexible space for recreation, storage, or entertaining. The ground-level side apartment includes a private entrance and a one-bedroom layout with a full bathroom, plus a bright living area with abundant windows.
Recent updates include a new roof and skylights in 2025, along with an updated furnace and mechanical systems in 2023. The home is equipped with leased solar panels with approximately 10 years remaining on the lease. Exterior features include a balcony and patio, and parking is provided with off-street parking and a private garage.
Heating is natural gas hot water, with wall unit cooling. The property is served by a septic tank and is zoned R3X.
Recent updates include a new roof and skylights in 2025, along with an updated furnace and mechanical systems in 2023. The home is equipped with leased solar panels with approximately 10 years remaining on the lease. Exterior features include a balcony and patio, and parking is provided with off-street parking and a private garage.
Heating is natural gas hot water, with wall unit cooling. The property is served by a septic tank and is zoned R3X.
Key Highlights
- Two‑family ranch duplex with approximately 2,876 SF and a full finished basement
- 50' x 120' lot with balcony and patio
- Main residence plus ground‑level side apartment with private entrance
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
$71,068
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
7.11%
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%
$1,421,360
$1.4M
Cap Rate 7%
$1,015,257
$1.0M
Cap Rate 9%
$789,644
$789.6K
Market Conditions
NOI Build-Up for 2,876 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
$110.4K $38.40/SF
− Vacancy
−$8.9K −$3.10/SF
EGI
$101.5K $35.30/SF
− OpEx
−$30.5K −$10.59/SF
NOI
$71.1K $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%
$1,421,360
Cap Rate 7%
$1,015,257
Cap Rate 9%
$789,644
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$888.4K – $1.18M
NOI $71,068 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$893.2K
$781.6K – $1.04M
NOI $62,525 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,059 @ 7.0% cap · market cap 9.62%
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
428
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 - R3X-zoned ranch duplex with a private garage, patio, and two separate living areas with dedicated entrances.
Where is this duplex located?
The property is located at 410 Carlton Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family ranch duplex with approximately 2,876 SF and a full finished basement; 50' x 120' lot with balcony and patio; Main residence plus ground‑level side apartment with private entrance
