New Construction Duplex with Central
For Sale
$1,249,000
219 Barnard Avenue, Staten Island, NY 10307
MULTI_FAMILY - Staten Island, NY
Property Size3,100 SF
Lot Size0.09 Acres
Price / SF$402.90
Days on Market103
Property Features for 219 Barnard Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3--2
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 4
Parking features
Driveway, On Street
Interior features
Ceiling Fan(s)
Basement
Apartment
Lot features
Back Yard
Subdivision
Tottenville
Standard status
Active
Size
3,100 SF
Lot size
0.09 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Laura B Vallone · License #40VA0759232
(917) 880-7818
Added: May 12
Changed: Aug 13
Last Checked: Aug 22 at 7:06PM
MLS# 2602625
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.
219 Barnard Avenue is a newly constructed detached two-family duplex currently under construction, built in 2026. The main residence features an open-concept layout with oak hardwood flooring and a custom-designed kitchen with a center island that connects to an attached family room with sliders to the backyard. The primary bedroom suite includes a private full bath and a walk-in closet, and the home also provides three additional oversized bedrooms. A full finished basement includes utilities and laundry hookups.
The property also includes a separate one-bedroom apartment, suitable for rental income, multi-generational living, or guest accommodations. Interior features include ceiling fan(s). Heating is provided by forced air with electric heating, and the home has central air conditioning.
Outside and building finishes include vinyl siding, maintenance-free aluminum railings, concrete walkways, hose bibs, and aluminum gutters and downspouts. Additional upgrades noted include Pella windows and a Cambridge roof shingle system with a brick and vinyl exterior.
The property also includes a separate one-bedroom apartment, suitable for rental income, multi-generational living, or guest accommodations. Interior features include ceiling fan(s). Heating is provided by forced air with electric heating, and the home has central air conditioning.
Outside and building finishes include vinyl siding, maintenance-free aluminum railings, concrete walkways, hose bibs, and aluminum gutters and downspouts. Additional upgrades noted include Pella windows and a Cambridge roof shingle system with a brick and vinyl exterior.
Key Highlights
- Detached two‑family duplex currently under construction with central air
- Year built: 2026
- Full finished basement with utilities and laundry hookups
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
$77,091
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
6.17%
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%
$1,541,820
$1.5M
Cap Rate 7%
$1,101,300
$1.1M
Cap Rate 9%
$856,567
$856.6K
Market Conditions
NOI Build-Up for 3,100 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
$115.3K $37.20/SF
− Vacancy
−$5.2K −$1.67/SF
EGI
$110.1K $35.53/SF
− OpEx
−$33.0K −$10.66/SF
NOI
$77.1K $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%
$1,541,820
Cap Rate 7%
$1,101,300
Cap Rate 9%
$856,567
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$963.6K – $1.28M
NOI $77,091 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$982.1K
$859.3K – $1.15M
NOI $68,746 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,541 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
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 - Under-construction detached two-family duplex in R3--2 zoning with central air, forced-air electric heat, and a finished basement.
Where is this duplex located?
The property is located at 219 Barnard Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Detached two‑family duplex currently under construction with central air; Year built: 2026; Full finished basement with utilities and laundry hookups
