New Construction Two-Family
For Sale
$1,499,000
Pending
28 Hope Ave, Staten Island, NY 10305
Brand-new 7-over-7 two-family residence with separate entrances, hardwood floors, and a finished basement.
Property Size2,691 SF
Days on Market208
Property Features for 28 Hope Ave
General Information
Standard status
Pending
Size
2,691 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Stories
7
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Agata Zukowski · License #10401336374
(347) 404-0844
Source:
Statenislandhomelistings
Added: Feb 14
Changed: Sep 9
Last Checked: Sep 9 at 10:58AM
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.
Brand-new construction two-family home with a 7-over-7 configuration. Each unit is laid out with four bedrooms and two full bathrooms, along with an open-concept living and dining area and a custom kitchen with stainless steel appliances and quartz countertops. The homes feature large windows, hardwood flooring, contemporary fixtures, and ample closet space. Both primary suites include private baths.
The property also includes a full finished basement with a half bath and a separate entrance. Off-street parking is provided with a 3+ car driveway.
Located on a quiet, tree-lined street in the Shore Acres section of Staten Island, the home is positioned near parks, shopping, dining, and transportation options, with access close to the VZ Bridge and SI Expressway, as well as ferry service.
The property also includes a full finished basement with a half bath and a separate entrance. Off-street parking is provided with a 3+ car driveway.
Located on a quiet, tree-lined street in the Shore Acres section of Staten Island, the home is positioned near parks, shopping, dining, and transportation options, with access close to the VZ Bridge and SI Expressway, as well as ferry service.
Key Highlights
- Brand‑new 7‑over‑7 two‑family home (Year built: 2026) in the Shore Acres section of Staten Island
- Each unit has 4 bedrooms and 2 full bathrooms with open‑concept living and dining space
- Custom kitchens with stainless steel appliances and quartz countertops in both units
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
$70,653
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
4.71%
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%
$1,413,060
$1.4M
Cap Rate 7%
$1,009,329
$1.0M
Cap Rate 9%
$785,033
$785.0K
Market Conditions
NOI Build-Up for 2,691 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
$109.8K $40.80/SF
− Vacancy
−$8.9K −$3.29/SF
EGI
$100.9K $37.51/SF
− OpEx
−$30.3K −$11.25/SF
NOI
$70.7K $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%
$1,413,060
Cap Rate 7%
$1,009,329
Cap Rate 9%
$785,033
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$883.2K – $1.18M
NOI $70,653 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$928.6K
$812.6K – $1.08M
NOI $65,004 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,880 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
771
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brand-new 7-over-7 two-family residence with separate entrances, hardwood floors, and a finished basement.
Where is this duplex located?
The property is located at 28 Hope Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Brand‑new 7‑over‑7 two‑family home (Year built: 2026) in the Shore Acres section of Staten Island; Each unit has 4 bedrooms and 2 full bathrooms with open‑concept living and dining space; Custom kitchens with stainless steel appliances and quartz countertops in both units
