Colonial-Style Residential Income
For Sale
$729,000
Pending
628 Bement Avenue, Staten Island, NY 10310
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,760 SF
Lot Size0.06 Acres
Days on Market118
Property Features for 628 Bement Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Garage, Off Street, Driveway
Patio and Porch features
Patio
Exterior features
Balcony
Fencing
Fenced
Lot features
Back Yard
Subdivision
Sunset Hill
Standard status
Pending
APN
00301-52
Size
1,760 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6490
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1986
Floors in Building
3
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Gateway Arms Realty Corp.
(718) 273-3800
Listed By:
Christopher J Long · License #30LO0850855
(718) 981-3176
Added: Apr 29
Changed: Aug 2
Last Checked: Aug 24 at 8:06AM
MLS# 2602067
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.
Semi-attached colonial-style home maintained across three levels, offering three bedrooms and three bathrooms. The layout includes a covered entry and bright foyer, a versatile family room, and a separate entrance to a side yard. A built-in garage provides an oversized space with a laundry and mechanical area, plus an updated 3/4 bath on the first level. The second floor features a formal living room with a bay window, a newer half bath, and an expansive kitchen with quartz countertops, a large island, and stainless steel appliances that open to dining space. Sliding doors lead to a Trex terrace overlooking a private patio and yard.
The third floor includes a king-sized primary bedroom with ample closet space, a newer full bath, and two additional bedrooms, all with hardwood flooring. Updates include Pella windows and a newer heating and cooling system.
Situated on a 0.0574-acre lot, the property is listed for sale in R3X zoning and is located near local and NYC transportation, Forest Avenue shopping, and the Verrazzano Bridge.
The third floor includes a king-sized primary bedroom with ample closet space, a newer full bath, and two additional bedrooms, all with hardwood flooring. Updates include Pella windows and a newer heating and cooling system.
Situated on a 0.0574-acre lot, the property is listed for sale in R3X zoning and is located near local and NYC transportation, Forest Avenue shopping, and the Verrazzano Bridge.
Key Highlights
- 3‑bedroom, 3‑bath semi‑attached Colonial home built in 1986 across three levels
- Garage plus full‑sized driveway and off‑street parking; fenced yard and private patio
- Updated Pella windows and newer heating and cooling system with natural gas forced‑air heat and central air
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
$39,030
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
5.35%
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%
$780,600
$780.6K
Cap Rate 7%
$557,571
$557.6K
Cap Rate 9%
$433,667
$433.7K
Market Conditions
NOI Build-Up for 1,760 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
$73.9K $42.00/SF
− Vacancy
−$3.0K −$1.68/SF
EGI
$71.0K $40.32/SF
− OpEx
−$31.9K −$18.14/SF
NOI
$39.0K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /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%
$780,600
Cap Rate 7%
$557,571
Cap Rate 9%
$433,667
Alternative Uses
Best Use
Apartment 5plus
$557.6K
$487.9K – $650.5K
NOI $39,030 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$839.8K
$734.8K – $979.7K
NOI $58,784 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Semi-attached three-bedroom home with three bathrooms, built-in garage, and a full-sized driveway across three levels.
Where is this single family property located?
The property is located at 628 Bement Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: 3‑bedroom, 3‑bath semi‑attached Colonial home built in 1986 across three levels; Garage plus full‑sized driveway and off‑street parking; fenced yard and private patio; Updated Pella windows and newer heating and cooling system with natural gas forced‑air heat and central air
