Duplex Property with Finished
New
For Sale
$835,000
250 Malvine Avenue, Staten Island, NY 10309
SINGLE_FAMILY - Staten Island, NY
Property Size1,350 SF
Lot Size0.05 Acres
Price / SF$618.52
Days on Market2
Property Features for 250 Malvine Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2
Parking features
Off Street, Driveway
Pool private
1
Basement
Finished
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Back Yard
Subdivision
Rossville
Standard status
Active
APN
07082-0023
Size
1,350 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7139
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
pool
Building Details
Year built
1997
Floors in Building
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Hometime Estates LLC
(718) 524-0400
Listed By:
Jon Goldstein
(917) 751-5921
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 9:06PM
MLS# 2604493
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 1,350-square-foot duplex property, built in 1997, is a semi-attached residence with three bedrooms and three bathrooms. The main level includes a living room with bamboo flooring, a formal dining area, half bath, and renovated eat-in kitchen with quartz countertops, tiled backsplash, farmhouse sink, black stainless-steel appliances, and Anderson sliders. The upper level contains the primary bedroom, two additional bedrooms, and a full bathroom with a soaking tub and separate shower. Hardwood flooring continues through much of the home.
The finished basement adds living space along with a full bathroom, utility room, and washer and dryer area. Exterior features include a pavered backyard with a private pool, driveway parking, and additional off-street parking. The property has central air, forced-air heating powered by natural gas, a new hot water tank, public sewer service, and R3-1 zoning.
The finished basement adds living space along with a full bathroom, utility room, and washer and dryer area. Exterior features include a pavered backyard with a private pool, driveway parking, and additional off-street parking. The property has central air, forced-air heating powered by natural gas, a new hot water tank, public sewer service, and R3-1 zoning.
Key Highlights
- 1,350 SF semi‑attached duplex property built in 1997
- Three‑bedroom, three‑bathroom layout with a finished basement
- Renovated eat‑in kitchen with quartz countertops and black stainless‑steel appliances
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
$33,572
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
4.02%
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%
$671,440
$671.4K
Cap Rate 7%
$479,600
$479.6K
Cap Rate 9%
$373,022
$373.0K
Market Conditions
NOI Build-Up for 1,350 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
$50.2K $37.20/SF
− Vacancy
−$2.3K −$1.67/SF
EGI
$48.0K $35.53/SF
− OpEx
−$14.4K −$10.66/SF
NOI
$33.6K $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%
$671,440
Cap Rate 7%
$479,600
Cap Rate 9%
$373,022
Alternative Uses
Best Use
Multifamily LT 5
$479.6K
$419.7K – $559.5K
NOI $33,572 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$427.7K
$374.2K – $499.0K
NOI $29,938 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$644.1K
$563.6K – $751.5K
NOI $45,090 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Semi-attached residential property with renovated kitchen, private pool, central air, and a finished lower level.
Where is this duplex located?
The property is located at 250 Malvine Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: 1,350 SF semi‑attached duplex property built in 1997; Three‑bedroom, three‑bathroom layout with a finished basement; Renovated eat‑in kitchen with quartz countertops and black stainless‑steel appliances
