Renovated Duplex with Private
New
For Sale
$1,048,000
240 Atlantic Avenue, Staten Island, NY 10305
Residential, Duplex, Staten Island, NY
Property Size1,744 SF
Lot Size0.11 Acres
Price / SF$600.92
Days on Market1
Property Features for 240 Atlantic Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2
Interior features
Central Air, Central Vacuum, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Dongan Hills-Above Hylan
Standard status
Active
Size
1,744 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
8943
Amenities
pool
Building Details
Year built
1901
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick, Wood Frame
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Ping Chen
(718) 612-3088
Added: Aug 25
Last Checked: Aug 25 at 11:06PM
MLS# 503989
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 duplex property offers 1744 square feet across a bright, open interior with approximately 9-foot ceilings, hardwood flooring, and distinct living and dining areas. The eat-in kitchen includes a dishwasher, microwave, refrigerator, stove, and other updated appliances. Three bedrooms occupy the upper level, while the finished basement provides a separate exterior entrance, laundry area, and flexible additional space. Central air and heating, central vacuum, updated plumbing, and electrical improvements support daily functionality.
Outdoor features include a private backyard, swimming pool, new privacy fencing, and parking for multiple vehicles. The property is positioned near Hylan Boulevard in Staten Island, with access to local and express bus service, the Staten Island Railway, shopping, dining, parks, and the Verrazzano Bridge. Zoning is R3X.
Outdoor features include a private backyard, swimming pool, new privacy fencing, and parking for multiple vehicles. The property is positioned near Hylan Boulevard in Staten Island, with access to local and express bus service, the Staten Island Railway, shopping, dining, parks, and the Verrazzano Bridge. Zoning is R3X.
Key Highlights
- 1744‑square‑foot duplex on a 0.1148‑acre lot
- Finished basement with separate exterior entrance and laundry area
- Private backyard with swimming pool and new privacy fencing
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
$45,789
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
4.37%
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%
$915,780
$915.8K
Cap Rate 7%
$654,129
$654.1K
Cap Rate 9%
$508,767
$508.8K
Market Conditions
NOI Build-Up for 1,744 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
$71.2K $40.80/SF
− Vacancy
−$5.7K −$3.29/SF
EGI
$65.4K $37.51/SF
− OpEx
−$19.6K −$11.25/SF
NOI
$45.8K $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%
$915,780
Cap Rate 7%
$654,129
Cap Rate 9%
$508,767
Alternative Uses
Best Use
Multifamily LT 5
$654.1K
$572.4K – $763.2K
NOI $45,789 @ 7.0% cap · market cap 4.37%
Second Best
Apartment 5plus
$601.8K
$526.6K – $702.1K
NOI $42,128 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$832.1K
$728.1K – $970.8K
NOI $58,250 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,662
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
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 - Updated two-level residence with a finished basement, central air, and private parking for multiple vehicles.
Where is this duplex located?
The property is located at 240 Atlantic Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,048,000.
What are key features of this property?
This property features: 1744‑square‑foot duplex on a 0.1148‑acre lot; Finished basement with separate exterior entrance and laundry area; Private backyard with swimming pool and new privacy fencing
