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    Six-Over-Six Multifamily Building Title is generated by Realmo AI

    178 Parkinson Avenue, Staten Island, NY 10305

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    Claim this Listing
    For Sale
    $1,388,000

    MULTI_FAMILY - Staten Island, NY

    Property size:
    3,200 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $433/SF
    Added:
    May 4, 2026
    Days on Market:
    66
    Last Refresh:
    Jul 8 at 10:06 am

    Property Features for 178 Parkinson Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    R3-2
    Bedrooms
    6
    Bathrooms
    5
    Rooms
    Bedroom 4, Bathroom 5, Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 1
    Parking features
    Driveway, Off Street, Carport
    Fencing
    Fenced
    Basement
    Full, Finished
    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

    We can help!

    Contact an agent
    Dritan Tony Gashi

    Listing agent Dritan Tony Gashi

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

    Listing date May 4, 2026

    MLS# 2602439 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

    • 6 over 6 new construction with basement separate entrance and electric meter
    • Under construction; year built 2025
    • Central air cooling with forced air natural gas heating
    • Stucco exterior construction
    • Public sewer
    • Driveway, carport, and off‑street parking with fenced property

    Overview

    This property is a six-over-six multifamily building newly constructed for residential income use. It includes a basement level with a separate entrance and its own electric meter, providing a distinct configuration within the overall building.

    Located at 178 Parkinson Avenue on Staten Island, the property is about one block from Hylan Blvd. It is also described as minutes to the Verrazzano Bridge, supporting convenient area access for tenants and guests.

    For buyers or investors seeking a purpose-built residential income asset, the separate basement entrance and separate electric metering can be useful for planning how living space is allocated and managed. The property is offered under R3-2 zoning, aligning with residential multifamily development expectations in the area as presented in the listing.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    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.

    Component $ $/SF
    Gross rent $130.6k $40.80
    − Vacancy −$10.5k −$3.29
    EGI $120.0k $37.51
    − OpEx −$36.0k −$11.25
    NOI $84.0k $26.26
    3,200 SF · lease $40.80/SF/yr · vacancy 8.07% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.20M
    $1.05M – $1.40M (±1% cap)
    NOI $84,017 @ 7.0% cap · market cap 6.05%
    Second Best
    Apartment 5plus
    $1.10M
    $966.2K – $1.29M (±1% cap)
    NOI $77,299 @ 7.0% cap · market cap 5.57%
    Theoretical Best
    Office A
    $1.53M
    $1.34M – $1.78M (±1% cap)
    NOI $106,881 @ 7.0% cap · market cap 7.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Parking Lot & Garage Cafe & Coffee Shop Garden Center (Bike/Boat/Book/etc) Store Bar & Pub Bakery Building Supply Hotel & Motel Spa & Massage Center Pet Grooming Service

    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
    -74.083272
    Latitude
    40.596934

    FAQs

    What type of property is this?
    Duplex - Six-over-six new construction with a separate basement entrance and electric meter, positioned near Hylan Blvd in Staten Island.
    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 $1,388,000.
    What are key features of this property?
    This property features: 6 over 6 new construction with basement separate entrance and electric meter; Under construction; year built 2025; Central air cooling with forced air natural gas heating
    More about this property
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