Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Staten Island Multifamily Opportunity Title is generated by Realmo AI

    1393-1397 Clove Road, Staten Island, NY 10301

    View on Map
    Claim this Listing
    Pending
    $1,349,000

    MULTI_FAMILY - Staten Island, NY

    Property size:
    3,780 SF
    Lot size:
    0.09 Acres
    Added:
    Jan 27, 2026
    Days on Market:
    116
    Last Refresh:
    May 23 at 7:06 am

    Property Features for 1393-1397 Clove Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3X
    Bedrooms
    6
    Bathrooms
    7
    Rooms
    Bedroom 2, Bathroom 5, Bathroom 7, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 6, Bathroom 1, Bathroom 4, Bathroom 8, Bedroom 4
    Parking features
    Off Street, On Street
    Basement
    Unfinished, Full
    Standard status
    Pending
    APN
    00610-0090
    Size
    3,780 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6274

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1970
    Floors in Building
    2
    Number of units
    4
    Building materials
    Brick

    We can help!

    Listing Contact
    Dritan Tony Gashi

    Listing agent Dritan Tony Gashi

    Listing office Robert DeFalco Realty, Inc. 1678 Hylan Blvd., STATEN ISLAND, NY

    Listing date Jan 27, 2026

    MLS# 2600513 Listing URL

    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.

    HighLights

    • Great Location
    • All Brick Construction
    • Two‑Family Attached
    • Full Basement with Separate Entrance
    • Off Street and On Street Parking
    • Built in 1970

    Overview

    This property features two attached, all-brick two-family buildings. The property includes a full basement with a separate entrance. The building is currently occupied. The lot size is 0.09 acres. The property size is 3780 square feet and is located in Staten Island, NY.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $1.04M
    NOI $94,002 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.34M
    NOI $94,002 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.88M
    NOI $94,002 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $140.6k $37.20
    − Vacancy −$6.3k −$1.67
    EGI $134.3k $35.53
    − OpEx −$40.3k −$10.66
    NOI $94.0k $24.87
    3,780 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $1.34M
    $1.18M – $1.57M (±1% cap)
    NOI $94,002 @ 7.0% cap · market cap 6.97%
    Second Best
    Apartment 5plus
    $1.20M
    $1.05M – $1.40M (±1% cap)
    NOI $83,825 @ 7.0% cap · market cap 6.21%
    Theoretical Best
    Office A
    $1.80M
    $1.58M – $2.10M (±1% cap)
    NOI $126,253 @ 7.0% cap · market cap 9.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.100594
    Latitude
    40.613825

    Nearby Similar for Sale

    • $2,388,888
      5,600 SF

      Standalone Commercial Asset with Drive-Thru

      Former bank building in Staten Island's New Dorp business corridor.
      257 New Dorp Lane, Staten Island, NY 10306
      View Details
    • $1,199,000
      3,450 SF

      Staten Island Commercial Property For Sale

      Income-producing commercial property with flexibility for various professional uses.
      2940 Richmond Terrace, Staten Island, NY 10303
      View Details
    • $780,000
      1,612 SF

      Staten Island Commercial Opportunity

      Versatile commercial property with potential for residential conversion.
      1562 Drumgoole Road E, Staten Island, NY 10309
      View Details
    • $950,000

      Staten Island Medical Office Building

      Medical office building with high visibility in prime location.
      3767 Richmond Ave, Staten Island, NY 10312
      View Details
    • $1,450,000
      3,200 SF

      Versatile Staten Island Commercial Property

      Single-story commercial building with office space and high ceilings.
      360 Broadway, Staten Island, NY 10310
      View Details
    • $1,380,000
      2,875 SF

      Prime Staten Island Commercial Property

      High-visibility corner property ideal for restaurant, retail, or office.
      1221 Bay Street, Staten Island, NY 10305
      View Details
    • $1,558,000
      2,690 SF

      New Construction Two-Family Home

      New construction two-family home in Shore Acres, Staten Island.
      24 Hope Avenue, Staten Island, NY 10305
      View Details
    • $1,190,000
      2,720 SF

      Staten Island Two-Family Home

      Spacious, well-maintained two-family home in desirable New Springville.
      188 Nome Avenue, Staten Island, NY 10314
      View Details
    • $1,299,000
      3,888 SF

      Two-Family Colonial in Tottenville

      Well-maintained two-family Colonial in Tottenville, Staten Island.
      190 Manhattan Street, Staten Island, NY 10307
      View Details
    • $1,199,999
      3,500 SF

      Staten Island Two-Family Residence

      Two-family residence in Tottenville, Staten Island with investment potential.
      558 Main Street, Staten Island, NY 10307
      View Details
    • $1,199,999
      3,132 SF

      Spacious Staten Island High Ranch

      Large two-family home with desirable features and convenient location.
      102 Saxon Avenue, Staten Island, NY 10314
      View Details
    • $1,499,999
      3,485 SF

      Staten Island Two-Family Home

      Two-family detached home with park-like property near shopping and transportation.
      150 Weiner Street, Staten Island, NY 10309
      View Details

    FAQs

    What type of property is this?
    Quadplex - Two attached two-family brick buildings in a great location.
    Where is this quadplex 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: Great Location; All Brick Construction; Two‑Family Attached
    (718) 987-7900
    We can help!
    Listing Contact
    Dritan Tony Gashi
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1393-1397 Clove Road, Staten Island, NY 10301
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!