Brick Attached
For Sale
Contact for pricing
Pending
1393-1397 Clove Road, Staten Island, NY 10301
Two connected two-family residences with full basements and separate exterior entry.
Property Size3,780 SF
Days on Market220
Property Features for 1393-1397 Clove Road
General Information
Standard status
Pending
Size
3,780 SF
Property subtype
Multifamily
Zoning
R3X
Additional Details
Multifamily Units
4
Building Details
Year Built
1970
Buildings
2
Stories
2
Units
4
Construction
brick
Listing Agency:
ROBERT DEFALCO REALTY
Listed By:
Dritan Tony Gashi · License #NY
(917) 533-8060
Source:
Crexi
Added: Jan 28
Changed: Sep 2
Last Checked: Sep 1 at 8:04PM
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
Investment Insights
Based on property information with market context.
This 3,780-square-foot duplex property consists of two attached two-family residences with all-brick construction. Each residence includes a full basement, and the basement area has a separate entrance. The property was built in 1970 and is currently occupied.
Located at 1393-1397 Clove Road in Staten Island, the property carries R3X zoning. Its configuration combines two attached residential income properties within one offering, with existing occupancy and basement space contributing to the overall layout.
Located at 1393-1397 Clove Road in Staten Island, the property carries R3X zoning. Its configuration combines two attached residential income properties within one offering, with existing occupancy and basement space contributing to the overall layout.
Key Highlights
- Two attached two‑family residences
- All‑brick construction
- 3,780 SF property built in 1970
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
$94,002
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
6.97%
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%
$1,880,040
$1.9M
Cap Rate 7%
$1,342,886
$1.3M
Cap Rate 9%
$1,044,467
$1.0M
Market Conditions
NOI Build-Up for 3,780 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
$140.6K $37.20/SF
− Vacancy
−$6.3K −$1.67/SF
EGI
$134.3K $35.53/SF
− OpEx
−$40.3K −$10.66/SF
NOI
$94.0K $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%
$1,880,040
Cap Rate 7%
$1,342,886
Cap Rate 9%
$1,044,467
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.18M – $1.57M
NOI $94,002 @ 7.0% cap · market cap 6.97%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,825 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,253 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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 connected two-family residences with full basements and separate exterior entry.
Where is this duplex located?
The property is located at 1393-1397 Clove Road Staten Island, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Two attached two‑family residences; All‑brick construction; 3,780 SF property built in 1970
