New Construction Two-Family
For Sale
Contact for pricing
Pending
238 Cambridge Avenue, Staten Island, NY 10314
Two three-bedroom units feature upgraded kitchens, private primary suites, and flexible finished lower-level space.
Property Size3,024 SF
Days on Market211
Property Features for 238 Cambridge Avenue
General Information
Standard status
Pending
Size
3,024 SF
Property subtype
Multifamily
Zoning
R3X
Building Details
Year Built
2026
Stories
2
Units
2
Listing Agency:
Homes R US Realty Of NY Inc
Listed By:
Gennady (Gary) Papirov · License #NY
(917) 856-2012
Source:
Crexi
Added: Feb 5
Changed: Sep 1
Last Checked: Sep 1 at 8:51AM
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 legal two-family duplex contains two 3-bedroom apartments within 3,024 square feet. The first-floor residence includes a finished basement with a ¾ bath and its own entrance. Each unit offers an open layout, 9-foot ceilings on every level, large windows, a custom kitchen, and upgraded bathroom finishes. Private ¾ baths serve both primary bedrooms.
Construction details include Andersen windows, hardwood flooring, tiled kitchen and basement areas, a 30-year architectural roof, stone and vinyl siding, and powder-coated aluminum railings. A large backyard adds outdoor space to the property.
Located at 238 Cambridge Avenue in Staten Island, the home is near schools, transportation, parks, shopping, and restaurants, with access to the Staten Island Expressway. The property is zoned R3X.
Construction details include Andersen windows, hardwood flooring, tiled kitchen and basement areas, a 30-year architectural roof, stone and vinyl siding, and powder-coated aluminum railings. A large backyard adds outdoor space to the property.
Located at 238 Cambridge Avenue in Staten Island, the home is near schools, transportation, parks, shopping, and restaurants, with access to the Staten Island Expressway. The property is zoned R3X.
Key Highlights
- Legal two‑family property with two 3‑bedroom apartments
- 3,024 square feet; built in 2026
- Finished basement with ¾ 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
$82,479
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
5.57%
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%
$1,649,580
$1.6M
Cap Rate 7%
$1,178,271
$1.2M
Cap Rate 9%
$916,433
$916.4K
Market Conditions
NOI Build-Up for 3,024 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
$123.4K $40.80/SF
− Vacancy
−$5.6K −$1.84/SF
EGI
$117.8K $38.96/SF
− OpEx
−$35.3K −$11.69/SF
NOI
$82.5K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$1,649,580
Cap Rate 7%
$1,178,271
Cap Rate 9%
$916,433
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,050
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 three-bedroom units feature upgraded kitchens, private primary suites, and flexible finished lower-level space.
Where is this duplex located?
The property is located at 238 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 property with two 3‑bedroom apartments; 3,024 square feet; built in 2026; Finished basement with ¾ bath and separate entrance
