Duplex with Accessory
New
For Sale
$1,499,999
689 Oakland Avenue, Staten Island, NY 10310
Residential, Colonial, Staten Island, NY
Property Size3,403 SF
Lot Size0.09 Acres
Price / SF$440.79
Days on Market1
Property Features for 689 Oakland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning
R2
Bathrooms
4
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4
Parking features
Garage
Patio and Porch features
Deck
Interior features
A/C Unit, Central Air, Central Air - Split, Deck, Dishwasher, Garage Door Opener(s), Laundry Area, Microwave, Stove
Basement
Full, Finished
Subdivision
Sunset Hill
Standard status
Active
Size
3,403 SF
Lot size
0.09 Acres
Amenities
laundry area
lawn irrigation
landscaping
Building Details
Year built
2026
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
James Pannullo Real Estate Inc
Listed By:
James Pannullo
(718) 608-4702
Added: Oct 1
Last Checked: Oct 1 at 3:06PM
MLS# 504884
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
Under construction, this 3,403-square-foot duplex pairs a four-bedroom primary residence with a finished lower-level two-bedroom accessory dwelling unit. The main floor has connected living and dining rooms, a family room, and a kitchen. Oak flooring serves the upper-level bedrooms, including a primary suite with a walk-in closet and private bathroom. The property also includes a laundry area, fully electric heating and air conditioning, a deck, and a built-in one-car garage.
The home occupies a 40-by-100-foot lot and is zoned R2. Off-street parking accommodates up to three additional vehicles. The property has access to the Verrazano-Narrows Bridge, Clove Road, Staten Island Ferry service, and express buses to Manhattan. The lower-level residence provides a distinct space identified for rental income use.
The home occupies a 40-by-100-foot lot and is zoned R2. Off-street parking accommodates up to three additional vehicles. The property has access to the Verrazano-Narrows Bridge, Clove Road, Staten Island Ferry service, and express buses to Manhattan. The lower-level residence provides a distinct space identified for rental income use.
Key Highlights
- Four‑bedroom main residence and two‑bedroom accessory dwelling unit
- 3,403‑square‑foot property on a 40 x 100 lot
- R2 zoning
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
$84,626
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
5.64%
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%
$1,692,520
$1.7M
Cap Rate 7%
$1,208,943
$1.2M
Cap Rate 9%
$940,289
$940.3K
Market Conditions
NOI Build-Up for 3,403 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
$126.6K $37.20/SF
− Vacancy
−$5.7K −$1.67/SF
EGI
$120.9K $35.53/SF
− OpEx
−$36.3K −$10.66/SF
NOI
$84.6K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,692,520
Cap Rate 7%
$1,208,943
Cap Rate 9%
$940,289
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,626 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$1.08M
$943.3K – $1.26M
NOI $75,465 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,661 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A separate two-bedroom lower-level residence has its own heating and air-conditioning system.
Where is this duplex located?
The property is located at 689 Oakland Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Four‑bedroom main residence and two‑bedroom accessory dwelling unit; 3,403‑square‑foot property on a 40 x 100 lot; R2 zoning
