Duplex With Finished
For Sale
$1,324,900
Pending
226 Rathbun Ave, Staten Island, NY 10312
Newly built duplex with upgraded finishes, multiple entrances, and basement living space in a private residential setting.
Property Size2,700 SF
Days on Market156
Property Features for 226 Rathbun Ave
General Information
Standard status
Pending
Size
2,700 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2026
Listing Agency:
JM Properties
Listed By:
Tisha Torino
(718) 524-6673
Source:
Statenislandhomelistings
Added: Apr 1
Changed: Sep 2
Last Checked: Sep 2 at 6:42PM
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 JM Properties
Investment Insights
Based on property information with market context.
Completed in 2026, this duplex offers a newly constructed residential configuration with custom interior finishes throughout. The home includes 42-inch shaker-style cabinetry, walnut oak flooring, paneled interior doors with brushed chrome hardware, crown molding, custom paint, and 9-foot ceilings across the first and second floors. Six bathrooms are provided, including a primary suite with a private en-suite bath.
The fully finished and tiled basement adds appx. 1,350 sq ft of living space and includes front and rear entrances, several interior access points, a rear staircase, and two ¾ bathrooms. The property is positioned on a quiet dead-end block in Annandale, near highways, transportation, and shopping, while retaining a private residential setting.
The fully finished and tiled basement adds appx. 1,350 sq ft of living space and includes front and rear entrances, several interior access points, a rear staircase, and two ¾ bathrooms. The property is positioned on a quiet dead-end block in Annandale, near highways, transportation, and shopping, while retaining a private residential setting.
Key Highlights
- New construction completed in 2026
- Duplex layout with six bathrooms, including a primary en‑suite
- Fully finished basement adds appx. 1,350 sq ft
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
$66,719
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
5.04%
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%
$1,334,380
$1.3M
Cap Rate 7%
$953,129
$953.1K
Cap Rate 9%
$741,322
$741.3K
Market Conditions
NOI Build-Up for 2,700 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
$103.7K $38.40/SF
− Vacancy
−$8.4K −$3.10/SF
EGI
$95.3K $35.30/SF
− OpEx
−$28.6K −$10.59/SF
NOI
$66.7K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,334,380
Cap Rate 7%
$953,129
Cap Rate 9%
$741,322
Alternative Uses
Best Use
Multifamily LT 5
$953.1K
$834.0K – $1.11M
NOI $66,719 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$838.6K
$733.7K – $978.3K
NOI $58,699 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,181 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Newly built duplex with upgraded finishes, multiple entrances, and basement living space in a private residential setting.
Where is this duplex located?
The property is located at 226 Rathbun Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,324,900.
What are key features of this property?
This property features: New construction completed in 2026; Duplex layout with six bathrooms, including a primary en‑suite; Fully finished basement adds appx. 1,350 sq ft
