Duplex with Private
New
For Sale
$799,000
283 Elverton Avenue, Staten Island, NY 10308
Residential, Staten Island, NY
Property Size1,424 SF
Lot Size0.06 Acres
Price / SF$561.10
Days on Market6
Property Features for 283 Elverton Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
On Street, Driveway, Off Street
Security features
Security System
Patio and Porch features
Patio
Pool private
1
Interior features
Ceiling Fan(s), Fireplace
Exterior features
Outdoor Grill, Balcony
Fencing
Fenced
Fireplace
1
Basement
Full, Finished
Appliances
Stove, ENERGY STAR Qualified Dehumidifier, ENERGY STAR Dishwasher, ENERGY STAR Clothes Washer, Dishwasher, Microwave, Refrigerator
Lot features
Front Yard, Back Yard, Side
Subdivision
Great Kills
Standard status
Active
APN
5442-0278
Size
1,424 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6738
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
pool
sauna
Building Details
Year built
1976
Floors in Building
3
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Staten Island
(718) 766-7159
Listed By:
Diana Dolce · License #40D01008090
(917) 576-6608
Added: Sep 26
Changed: Oct 1
Last Checked: Oct 1 at 5:06PM
MLS# 2605463
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 1,424-square-foot Colonial duplex, built in 1976, has three bedrooms and two bathrooms. The main level combines the entry foyer and living-dining area with an eat-in kitchen. Upstairs are the primary bedroom, two additional bedrooms, and an updated walk-in shower with dual entry. Hardwood flooring and recessed lighting are among the interior finishes; the home also has central air and forced-air natural gas heat.
The finished basement includes a kitchenette, recreation or living area, three-quarter bath, laundry room, and utility and storage space. A sliding door opens to a fenced yard with a private above-ground pool, patio, and outdoor sauna. The 0.0574-acre property is zoned R3-1 and has driveway and off-street parking, as well as on-street parking.
The finished basement includes a kitchenette, recreation or living area, three-quarter bath, laundry room, and utility and storage space. A sliding door opens to a fenced yard with a private above-ground pool, patio, and outdoor sauna. The 0.0574-acre property is zoned R3-1 and has driveway and off-street parking, as well as on-street parking.
Key Highlights
- 1,424 square feet with three bedrooms and two bathrooms
- 0.0574‑acre lot, zoned R3‑1
- Finished basement with kitchenette, recreation area, three‑quarter bath, laundry, and storage
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
$35,412
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
4.43%
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%
$708,240
$708.2K
Cap Rate 7%
$505,886
$505.9K
Cap Rate 9%
$393,467
$393.5K
Market Conditions
NOI Build-Up for 1,424 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
$53.0K $37.20/SF
− Vacancy
−$2.4K −$1.67/SF
EGI
$50.6K $35.53/SF
− OpEx
−$15.2K −$10.66/SF
NOI
$35.4K $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%
$708,240
Cap Rate 7%
$505,886
Cap Rate 9%
$393,467
Alternative Uses
Best Use
Multifamily LT 5
$505.9K
$442.7K – $590.2K
NOI $35,412 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$451.1K
$394.7K – $526.3K
NOI $31,579 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$679.5K
$594.5K – $792.7K
NOI $47,562 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - A finished lower level adds a kitchenette, recreation space, laundry room, and three-quarter bath.
Where is this duplex located?
The property is located at 283 Elverton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 1,424 square feet with three bedrooms and two bathrooms; 0.0574‑acre lot, zoned R3‑1; Finished basement with kitchenette, recreation area, three‑quarter bath, laundry, and storage
