New Construction Two-Family
234 Cambridge Avenue Staten Island, NY 10314
For Sale
Contact for pricing
Pending
Newly built legal two-family residence with two 3-bedroom apartments, 9-foot ceilings, and private ensuite primary baths.
Property Size3,024 SF
Days on Market171
Property Features for 234 Cambridge Avenue
General Information
- Standard status
- Pending
- Size
- 3,024 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2026
Listing Agency:
Homes R US Realty Of NY Inc
(718) 668-2550
Listed By:
Gennady (Gary) Papirov · License #NY
Source:
Crexi
Added: Feb 5
Changed: Jul 23
Last Checked: Jul 25 at 6:48AM
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.
New construction legal two-family home offering two spacious 3-bedroom apartments with thoughtfully designed layouts and high-end finishes throughout. Each unit features an open-concept floor plan, large windows, and 9-foot ceilings on every level. The first-floor apartment includes a full finished basement with a half bath and separate entrance, providing flexibility for extended living or added usability. Builder upgrades include Andersen windows, hardwood floors throughout, and tile in the kitchen and basement, along with a 30-year architectural roof, an elegant stone front façade, and powder-coated aluminum exterior railings. Custom kitchens and high-end bathrooms complement the property, and a large backyard rounds out the home’s outdoor space.
The property is positioned on a quiet tree-lined street with convenient access to schools, transportation, Staten Island Expressway, parks, shopping, and restaurants.
The property is positioned on a quiet tree-lined street with convenient access to schools, transportation, Staten Island Expressway, parks, shopping, and restaurants.
Key Highlights
- Legal two‑family home built in 2026 with two separate 3‑bedroom apartments
- 9‑foot ceilings on every level with large windows for abundant natural light
- First‑floor unit features a full finished basement with a 1/2 bath and separate entrance
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.4k | $40.80 |
| − Vacancy | −$5.6k | −$1.84 |
| EGI | $117.8k | $38.96 |
| − OpEx | −$35.3k | −$11.69 |
| NOI | $82.5k | $27.27 |
3,024 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,479 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$1.09M
$956.0K – $1.27M
NOI $76,481 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $101,002 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Newly built legal two-family residence with two 3-bedroom apartments, 9-foot ceilings, and private ensuite primary baths.
Where is this duplex located?
The property is located at 234 Cambridge Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,479,900.
What are key features of this property?
This property features: Legal two‑family home built in 2026 with two separate 3‑bedroom apartments; 9‑foot ceilings on every level with large windows for abundant natural light; First‑floor unit features a full finished basement with a 1/2 bath and separate entrance
