Updated Colonial
New
For Sale
$799,000
221 Abingdon Avenue, Staten Island, NY 10308
Residential, Staten Island, NY
Property Size1,280 SF
Lot Size0.06 Acres
Price / SF$624.22
Days on Market3
Property Features for 221 Abingdon Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3A
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Off Street, Driveway
Patio and Porch features
Patio
Fencing
Fenced
Basement
Full, Finished
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Front Yard, Back Yard, Side
Subdivision
Great Kills
Standard status
Active
APN
05456-0075
Size
1,280 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6123
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Amenities
Full Finished Basement
Large yard
Hard wood floors
Attic for Storage
Building Details
Year built
1970
Floors in Building
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Ann Grande · License #40GR1025086
(718) 605-9400
Added: Sep 7
Changed: Sep 9
Last Checked: Sep 9 at 5:06PM
MLS# 2605023
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 1,280-square-foot Colonial duplex was built in 1970 on a 0.0574-acre lot in Staten Island. The residence includes three bedrooms, two bathrooms, a finished basement with separate yard access, a living room, dining area, eat-in kitchen, attic storage, and a first-floor half bath. Hardwood flooring extends throughout the house, while the kitchen has updated tile flooring and the property features newer Andersen windows, vinyl siding, and a fenced yard.
Improvements completed in 2025 include a natural-gas hot-water heating unit, hot-water tank, second-floor full bathroom, first-floor bathroom, roof replacement with a complete first layer, refinished hardwood floors, and new front steps. The driveway accommodates two vehicles, and the property also offers a patio, public sewer, and appliances including a dishwasher, refrigerator, microwave, washer, and dryer. Local bus and express bus service, shopping, stores, and restaurants are described as nearby, with train access connecting to the ferry at St. George.
Improvements completed in 2025 include a natural-gas hot-water heating unit, hot-water tank, second-floor full bathroom, first-floor bathroom, roof replacement with a complete first layer, refinished hardwood floors, and new front steps. The driveway accommodates two vehicles, and the property also offers a patio, public sewer, and appliances including a dishwasher, refrigerator, microwave, washer, and dryer. Local bus and express bus service, shopping, stores, and restaurants are described as nearby, with train access connecting to the ferry at St. George.
Key Highlights
- 1,280 SF duplex on a 0.0574‑acre lot
- Three bedrooms and two bathrooms, plus a first‑floor half bath
- Finished basement with separate door to the yard
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
$31,831
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
3.98%
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%
$636,620
$636.6K
Cap Rate 7%
$454,729
$454.7K
Cap Rate 9%
$353,678
$353.7K
Market Conditions
NOI Build-Up for 1,280 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
$47.6K $37.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$45.5K $35.53/SF
− OpEx
−$13.6K −$10.66/SF
NOI
$31.8K $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%
$636,620
Cap Rate 7%
$454,729
Cap Rate 9%
$353,678
Alternative Uses
Best Use
Multifamily LT 5
$454.7K
$397.9K – $530.5K
NOI $31,831 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,385 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$610.7K
$534.4K – $712.5K
NOI $42,752 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,072
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
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 - R3A-zoned property with a finished lower level, fenced yard, and off-street parking.
Where is this duplex located?
The property is located at 221 Abingdon Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,280 SF duplex on a 0.0574‑acre lot; Three bedrooms and two bathrooms, plus a first‑floor half bath; Finished basement with separate door to the yard
