Under-Construction Duplex with
For Sale
$1,499,000
Pending
22 Hope Avenue, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size2,691 SF
Lot Size0.10 Acres
Days on Market146
Property Features for 22 Hope Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3A
Bedrooms
8
Bathrooms
8
Full bathrooms
5
Half bathrooms
5
Rooms
Bedroom 2, Bathroom 3, Bathroom 9, Bedroom 1, Bathroom 7, Bedroom 3, Bedroom 8, Bathroom 10, Bathroom 4, Bathroom 8, Bathroom 6, Bedroom 7, Bathroom 2, Bathroom 1, Bathroom 5, Bedroom 5, Bedroom 6, Bedroom 4
Parking features
On Street, Carport
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Shore Acres
Standard status
Pending
APN
2863-0029
Size
2,691 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
8500
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
1
Building materials
Stone, Stucco, Vinyl Siding
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Svetlana Noll · License #10301222590
(929) 433-9563
Added: Apr 29
Changed: Sep 12
Last Checked: Sep 21 at 11:06PM
MLS# 2602367
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 under-construction duplex is arranged as a 7-over-7 two-family property, with each residence offering 4 bedrooms, 2 full bathrooms, an open living and dining area, and a custom kitchen with stainless steel appliances and quartz countertops. Hardwood floors, contemporary fixtures, generous closets, large windows, and private primary baths are planned throughout the units. The finished basement adds a 3/4 bath and separate entrance, creating additional usable space. The property measures 2,691 square feet on a 0.1045-acre lot and carries R3A zoning. Construction materials include stone, stucco, and vinyl siding, with forced-air electric heating, central air, and public sewer. Located at 22 Hope Avenue in Shore Acres, the property is near parks, shopping, dining, and transportation options including the VZ Bridge, Staten Island Expressway, and Ferry.
Key Highlights
- 7‑over‑7 two‑family duplex configuration
- Each unit includes 4 bedrooms and 2 full bathrooms
- Finished basement with 3/4 bath and separate entrance
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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer contemporary layouts, private primary baths, and a separate-entry finished lower level.
Where is this duplex located?
The property is located at 22 Hope Avenue 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: 7‑over‑7 two‑family duplex configuration; Each unit includes 4 bedrooms and 2 full bathrooms; Finished basement with 3/4 bath and separate entrance
