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New Construction Duplex
For Sale
$1,359,000

178 Parkinson Avenue, Staten Island, NY 10305

Residential Income, Staten Island, NY

Property Size3,200 SF
Lot Size0.09 Acres
Price / SF$424.69
Days on Market162

Property Features for 178 Parkinson Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Zoning R3-2
Bedrooms 6
Bathrooms 5
Full bathrooms 3
Rooms Bedroom 1, Bedroom 6, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 5, Bathroom 2, Bedroom 5, Bedroom 3
Parking features Off Street, Driveway, Carport
Fencing Fenced
Basement Full, Finished
Lot features Front Yard, Back Yard
Subdivision Old Town
Standard status Active
APN 03221-0003
Size 3,200 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Annual Amount 6438

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 2025
Floors in Building 2
Number of units 2
Building materials Stucco
Listing Agency: Robert DeFalco Realty, Inc.
Listed By: Dritan Tony Gashi
Added: May 4 Changed: Oct 11 Last Checked: Oct 12 at 5:06PM
MLS# 2602439

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.

Investment Insights

Based on property information with market context.

This duplex property is under construction and scheduled with a 2025 year built. The 3,200-square-foot improvement uses a 6-over-6 configuration and includes six bedrooms and five bathrooms. A separately accessed basement has its own electric meter. Stucco construction, natural-gas forced-air heat, central air conditioning, and public sewer service are specified. Parking includes a carport, driveway, and additional off-street spaces, with fencing around the property.

The property is located at 178 Parkinson Avenue in Staten Island, one block from Hylan Blvd and minutes from the Verrazano Bridge. The lot contains 0.0918 acres and is zoned R3-2.

Key Highlights

  • 3,200‑square‑foot duplex on a 0.0918‑acre lot
  • 6‑over‑6 configuration with six bedrooms and five bathrooms
  • Separate basement entrance and electric meter

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$84,017
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,680,340 $1.7M
Cap Rate 7%
$1,200,243 $1.2M
Cap Rate 9%
$933,522 $933.5K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$130.6K $40.80/SF
− Vacancy
−$10.5K −$3.29/SF
EGI
$120.0K $37.51/SF
− OpEx
−$36.0K −$11.25/SF
NOI
$84.0K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,680,340
Cap Rate 7%
$1,200,243
Cap Rate 9%
$933,522

Alternative Uses

Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M (±1% cap)
NOI $84,017 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$1.10M
$966.2K – $1.29M (±1% cap)
NOI $77,299 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M (±1% cap)
NOI $106,881 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Cafe & Coffee Shop Garden Center (Bike/Boat/Book/etc) Store Bar & Pub Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,186
Businesses Nearby

Demographics for 10305, NY

44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Under-construction two-family property with separate basement access, dedicated electric metering, and off-street parking.
Where is this duplex located?
The property is located at 178 Parkinson Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,359,000.
What are key features of this property?
This property features: 3,200‑square‑foot duplex on a 0.0918‑acre lot; 6‑over‑6 configuration with six bedrooms and five bathrooms; Separate basement entrance and electric meter
More about this property
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