Semi-Attached Corner
For Sale
$678,000
Pending
4209 Richmond Avenue, Staten Island, NY 10312
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,080 SF
Lot Size0.07 Acres
Days on Market78
Property Features for 4209 Richmond Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3A
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
Parking features
Off Street
Interior features
Ceiling Fan(s)
Basement
Partially Finished
Appliances
Dishwasher, Dryer, Refrigerator, Washer
Lot features
Back Yard, Side
Subdivision
Eltingville
Standard status
Pending
Size
1,080 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5470
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1965
Floors in Building
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Master Associates Inc.
(718) 987-3000
Listed By:
Edie Lederman
(718) 938-6688
Added: Jun 22
Changed: Aug 2
Last Checked: Sep 7 at 10:06AM
MLS# 2603492
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 semi-attached corner house features 3 bedrooms and 1.5 bathrooms, with hardwood floors throughout. The home includes a finished basement and an eat-in kitchen with access to the yard, plus a light-filled living/dining room combination on the first floor. The second floor offers a large primary bedroom, additional bedrooms, and a full bath, along with attic space.
Located in Eltingville on Staten Island, the property is described as being near shopping, restaurants, and transportation options to Brooklyn, Manhattan, and ferry service.
The home is set up with central air, and there is a gas line for BBQ use.
Located in Eltingville on Staten Island, the property is described as being near shopping, restaurants, and transportation options to Brooklyn, Manhattan, and ferry service.
The home is set up with central air, and there is a gas line for BBQ use.
Key Highlights
- Semi‑attached corner home with 3 bedrooms and 1.5 bathrooms
- Central air and forced‑air natural gas heat
- Finished basement
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
$23,480
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
3.46%
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%
$469,600
$469.6K
Cap Rate 7%
$335,429
$335.4K
Cap Rate 9%
$260,889
$260.9K
Market Conditions
NOI Build-Up for 1,080 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
$46.7K $43.20/SF
− Vacancy
−$4.0K −$3.67/SF
EGI
$42.7K $39.53/SF
− OpEx
−$19.2K −$17.79/SF
NOI
$23.5K $21.74/SF
Area
ZIP 10312
Vacancy
8.50%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
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%
$469,600
Cap Rate 7%
$335,429
Cap Rate 9%
$260,889
Alternative Uses
Best Use
Apartment 5plus
$335.4K
$293.5K – $391.3K
NOI $23,480 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$515.3K
$450.9K – $601.2K
NOI $36,072 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,160
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Semi-attached corner house with 3 bedrooms, 1.5 baths, a finished basement, and hardwood floors.
Where is this single family property located?
The property is located at 4209 Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $678,000.
What are key features of this property?
This property features: Semi‑attached corner home with 3 bedrooms and 1.5 bathrooms; Central air and forced‑air natural gas heat; Finished basement
