New Construction Duplex with Finished
For Sale
$1,499,000
Pending
22 Hope Ave, Staten Island, NY 10305
Two spacious four-bedroom units feature open living areas, custom kitchens, and contemporary finishes throughout.
Property Size2,691 SF
Days on Market129
Property Features for 22 Hope Ave
General Information
Standard status
Pending
Size
2,691 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Svetlana Noll · License #10301222590
(929) 433-9563
Source:
Statenislandhomelistings
Added: Apr 28
Changed: Aug 29
Last Checked: Aug 29 at 5:43PM
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 Homes R Us Realty of NY, Inc.
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex contains two spacious residential units, each with four bedrooms, two full bathrooms, an open living and dining area, and a custom kitchen. Stainless steel appliances, quartz countertops, hardwood flooring, contemporary fixtures, large windows, and ample closet space are provided throughout. Each unit also includes a primary suite with a private bath.
The property includes a full finished basement with a ¾ bath and separate entrance, creating additional flexible space. A 3+ car driveway provides on-site parking. Located at 22 Hope Ave in Staten Island’s Shore Acres section, the home sits near parks, shopping, dining, and transportation options including the VZ Bridge, SI Expressway, and Ferry.
The property includes a full finished basement with a ¾ bath and separate entrance, creating additional flexible space. A 3+ car driveway provides on-site parking. Located at 22 Hope Ave in Staten Island’s Shore Acres section, the home sits near parks, shopping, dining, and transportation options including the VZ Bridge, SI Expressway, and Ferry.
Key Highlights
- 2026 construction with two residential units
- Each unit offers 4 bedrooms and 2 full bathrooms
- Custom kitchens with stainless steel appliances and quartz countertops
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
$70,653
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
4.71%
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%
$1,413,060
$1.4M
Cap Rate 7%
$1,009,329
$1.0M
Cap Rate 9%
$785,033
$785.0K
Market Conditions
NOI Build-Up for 2,691 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
$109.8K $40.80/SF
− Vacancy
−$8.9K −$3.29/SF
EGI
$100.9K $37.51/SF
− OpEx
−$30.3K −$11.25/SF
NOI
$70.7K $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 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%
$1,413,060
Cap Rate 7%
$1,009,329
Cap Rate 9%
$785,033
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.2K – $1.18M
NOI $70,653 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$928.6K
$812.6K – $1.08M
NOI $65,004 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,880 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
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
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 spacious four-bedroom units feature open living areas, custom kitchens, and contemporary finishes throughout.
Where is this duplex located?
The property is located at 22 Hope Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 2026 construction with two residential units; Each unit offers 4 bedrooms and 2 full bathrooms; Custom kitchens with stainless steel appliances and quartz countertops
