Two-Family
For Sale
$1,700,000
Pending
48 Hunter Avenue, Staten Island, NY 10306
MULTI_FAMILY - Staten Island, NY
Property Size4,500 SF
Lot Size0.09 Acres
Days on Market168
Property Features for 48 Hunter Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
8
Bathrooms
6
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 6, Bedroom 7, Bathroom 7, Bedroom 2, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 5, Bedroom 1, Bedroom 8
Parking features
On Street
Basement
Full, Finished
Lot features
Back Yard
Subdivision
Dongan Hills-Above Hylan
Standard status
Pending
APN
03565-0039
Size
4,500 SF
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Amenities
custom kitchens with center islands
hardwood flooring
crown molding
Andersen windows
private laundry area
serene primary bedroom with bath
full finished basement with private entrances
modern heating
central air conditioning
Building Details
Year built
2025
Floors in Building
2
Number of units
2
Building materials
Stucco, Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Pia Ciccarelli · License #30CI0783539
(718) 987-7900
Added: Mar 10
Changed: Aug 4
Last Checked: Aug 24 at 4:06PM
MLS# 2601221
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.
Set on a generous 40 x 100 lot, this two-family residence is being built with a total of 4,500 square feet of living space. The building dimensions are 25 x 60, with an open, sunlit layout featuring custom kitchens with center islands, hardwood flooring, and crown molding, plus Andersen windows.
The home is designed for comfort and convenience with a full finished basement that includes private entrances, and modern heating with forced air plus electric heating, alongside central air conditioning. A private laundry area and a primary bedroom with bath are included, and the residence is laid out with multiple bedrooms and bathrooms across the home.
Construction materials include stucco and vinyl siding. The property is served by public sewer, includes on-street parking, and is set to be completed in 2025 under R3X zoning.
The home is designed for comfort and convenience with a full finished basement that includes private entrances, and modern heating with forced air plus electric heating, alongside central air conditioning. A private laundry area and a primary bedroom with bath are included, and the residence is laid out with multiple bedrooms and bathrooms across the home.
Construction materials include stucco and vinyl siding. The property is served by public sewer, includes on-street parking, and is set to be completed in 2025 under R3X zoning.
Key Highlights
- 40 x 100 lot with a 25 x 60 building footprint
- 4,500 square feet of total living space
- Central air and forced‑air heating with electric heating
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
$114,307
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
6.72%
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%
$2,286,140
$2.3M
Cap Rate 7%
$1,632,957
$1.6M
Cap Rate 9%
$1,270,078
$1.3M
Market Conditions
NOI Build-Up for 4,500 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
$172.8K $38.40/SF
− Vacancy
−$9.5K −$2.11/SF
EGI
$163.3K $36.29/SF
− OpEx
−$49.0K −$10.89/SF
NOI
$114.3K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$2,286,140
Cap Rate 7%
$1,632,957
Cap Rate 9%
$1,270,078
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,307 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,574 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,301 @ 7.0% cap · market cap 8.84%
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
1,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newly built two-family residence with central air, forced-air heating, and R3X zoning on a 40 x 100 lot.
Where is this duplex located?
The property is located at 48 Hunter Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 40 x 100 lot with a 25 x 60 building footprint; 4,500 square feet of total living space; Central air and forced‑air heating with electric heating
