Detached Two-Family
For Sale
$1,199,999
Pending
390 Getz Ave, Staten Island, NY 10312
Two-family home with finished basement and updated kitchens/baths.
Property Size2,632 SF
Lot Size0.13 Acres
Days on Market112
Property Features for 390 Getz Ave
General Information
Standard status
Pending
Size
2,632 SF
Lot size
0.13 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,652
Building Details
Building Size
2,632 SF
Year Built
1970
Stories
2
Listing Agency:
ROBERT DEFALCO REALTY , INC.
(718) 987-7900
Listed By:
Ann Grande · License #40GR1025086
(718) 987-7900
Source:
Elliman
Added: May 9
Changed: Aug 13
Last Checked: Aug 26 at 10:07AM
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 ROBERT DEFALCO REALTY , INC.
Investment Insights
Based on property information with market context.
This detached two-family home is configured as a three-bedroom ranch over a three-bedroom ranch. The property features a full finished basement with a side door from the yard and an interior door from the first floor. Hardwood floors are present throughout the entire home. The property lot size is 55 x 95. The first-floor unit includes three bedrooms, with the master bedroom featuring a half bath, a full bath updated in 2018, and an eat-in kitchen updated in 2018. A new hot water tank was installed in 2024. The second-floor unit also includes three bedrooms, with the master bedroom featuring a laundry closet for a washer/dryer, a full bath updated in 2017, and an eat-in kitchen updated in 2017. A new hot water tank was installed in 2018. The basement is dry. In total, the home offers six bedrooms, three baths, two eat-in kitchens, two dining rooms, and two large living rooms. The second-floor tenant can remain for immediate rental income. The property includes a large backyard and a large side yard that can be used to extend the driveway. The home is near restaurants, stores, and transportation options, including the train from St. George Ferry to Tottenville and bus routes.
Key Highlights
- Two family detached home featuring two 3‑bedroom units, perfect for owner occupancy with rental potential or multi‑generational living.
- Full finished basement with interior and exterior access, a dry and usable space.
- Updated kitchens and bathrooms in both units (2017/2018), plus newer hot water tanks (2018/2024).
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
$65,039
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
5.42%
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%
$1,300,780
$1.3M
Cap Rate 7%
$929,129
$929.1K
Cap Rate 9%
$722,656
$722.7K
Market Conditions
NOI Build-Up for 2,632 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
$101.1K $38.40/SF
− Vacancy
−$8.2K −$3.10/SF
EGI
$92.9K $35.30/SF
− OpEx
−$27.9K −$10.59/SF
NOI
$65.0K $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%
$1,300,780
Cap Rate 7%
$929,129
Cap Rate 9%
$722,656
Alternative Uses
Best Use
Multifamily LT 5
$929.1K
$813.0K – $1.08M
NOI $65,039 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$817.4K
$715.3K – $953.7K
NOI $57,221 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $87,909 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
898
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 home with finished basement and updated kitchens/baths.
Where is this duplex located?
The property is located at 390 Getz Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Two family detached home featuring two 3‑bedroom units, perfect for owner occupancy with rental potential or multi‑generational living.; Full finished basement with interior and exterior access, a dry and usable space.; Updated kitchens and bathrooms in both units (2017/2018), plus newer hot water tanks (2018/2024).
