New Construction Duplex with Central
For Sale
$1,249,999
Pending
1233 Arden Ave, Staten Island, NY 10312
Two-family residence with finished basements, updated kitchens, private laundry areas, and EV-charger readiness.
Property Size2,300 SF
Lot Size0.09 Acres
Days on Market307
Property Features for 1233 Arden Ave
General Information
Standard status
Pending
Size
2,300 SF
Lot size
0.09 Acres
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway HomeService Cangiano Estates
Listed By:
Robert Masucci · License #10401378047
(718) 605-5800
Source:
Statenislandhomelistings
Added: Nov 2, 2025
Changed: Sep 2
Last Checked: Sep 2 at 6:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeService Cangiano Estates
Investment Insights
Based on property information with market context.
This 2026-built duplex contains two detached residential units with approximately 2,300 square feet of living space on a 79 x 50 lot. Each unit includes hardwood floors across the main living levels, finished basement areas with upgraded vinyl flooring, oak stair components, tiled bathrooms, wood vanities, granite kitchen counters, and stainless steel appliances. Laundry areas are provided on the second floor and in the basement. The exterior combines cultured stone, stucco, and vinyl siding with black Andersen 100 Series windows, aluminum gutters and railings, insulated entry doors, exterior lighting, a concrete driveway, and fully sodded grounds.
Building systems include high-efficiency forced-air heating, central air conditioning, R-38 ceiling insulation, R-21 wall insulation, and 200-amp electrical service. The property is EV-charger ready and has weatherproof electrical boxes at the front and rear. Zoned R-32, the home is near shopping, everyday conveniences, and public transportation.
Building systems include high-efficiency forced-air heating, central air conditioning, R-38 ceiling insulation, R-21 wall insulation, and 200-amp electrical service. The property is EV-charger ready and has weatherproof electrical boxes at the front and rear. Zoned R-32, the home is near shopping, everyday conveniences, and public transportation.
Key Highlights
- 2026‑built duplex with two‑family 6/6 configuration
- Approximately 2,300 square feet on a 79 x 50 lot
- R‑32 zoning at 1233 Arden Avenue, Staten Island, NY 10312
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
$56,835
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
4.55%
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%
$1,136,700
$1.1M
Cap Rate 7%
$811,929
$811.9K
Cap Rate 9%
$631,500
$631.5K
Market Conditions
NOI Build-Up for 2,300 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
$88.3K $38.40/SF
− Vacancy
−$7.1K −$3.10/SF
EGI
$81.2K $35.30/SF
− OpEx
−$24.4K −$10.59/SF
NOI
$56.8K $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%
$1,136,700
Cap Rate 7%
$811,929
Cap Rate 9%
$631,500
Alternative Uses
Best Use
Multifamily LT 5
$811.9K
$710.4K – $947.3K
NOI $56,835 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$714.3K
$625.0K – $833.4K
NOI $50,003 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.10M
$960.3K – $1.28M
NOI $76,821 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,002
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 - Two-family residence with finished basements, updated kitchens, private laundry areas, and EV-charger readiness.
Where is this duplex located?
The property is located at 1233 Arden Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,249,999.
What are key features of this property?
This property features: 2026‑built duplex with two‑family 6/6 configuration; Approximately 2,300 square feet on a 79 x 50 lot; R‑32 zoning at 1233 Arden Avenue, Staten Island, NY 10312
