Park-Adjacent 2-Bedroom
For Sale
$659,000
3 Clove Way, Staten Island, NY 10301
Residential, Staten Island, NY
Property Size1,260 SF
Lot Size0.06 Acres
Price / SF$523.02
Days on Market53
Property Features for 3 Clove Way
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Family Room, Dining Room, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
On Street, Driveway, Off Street, Assigned
Security features
Security System
Patio and Porch features
Deck
Interior features
Ceiling Fan(s)
Basement
Unfinished, Partial
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Front Yard, Back Yard, Side
Subdivision
Clove Lake
Standard status
Active
APN
00323-0016
Size
1,260 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5894
HOA Fee
$80 Monthly
Utilities
Sewer type
Private Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
central air
hardwood floors
granite kitchen
French doors
deck
private backyard
fully fenced yard
gas line for BBQ
partial basement
Building Details
Year built
1986
Floors in Building
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Gateway Arms Realty Corp.
(718) 273-3800
Listed By:
Laura Volsario · License #10301213299
(917) 685-5555
Added: Aug 10
Changed: Sep 13
Last Checked: Oct 1 at 5:06PM
MLS# 2604511
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 1,260-square-foot split-level duplex, built in 1986, offers two bedrooms and two bathrooms within a Colonial-style brick and vinyl-sided residence. The layout includes separate living, dining, and family rooms, along with hardwood floors, central air, forced-air natural gas heating, and a granite kitchen. French doors connect the kitchen to a deck and fully fenced backyard, while a partial basement provides utility and storage space. Off-street parking accommodates two cars.
The property is located at 3 Clove Way in Staten Island and directly borders Clove Lake Park at the rear yard. The R3-2-zoned property is positioned minutes from the expressway, public transportation, shopping, restaurants, parks, golf, and Clove Lake Park. A private sewer serves the residence, and the kitchen includes a dishwasher, dryer, microwave, refrigerator, and washer.
The property is located at 3 Clove Way in Staten Island and directly borders Clove Lake Park at the rear yard. The R3-2-zoned property is positioned minutes from the expressway, public transportation, shopping, restaurants, parks, golf, and Clove Lake Park. A private sewer serves the residence, and the kitchen includes a dishwasher, dryer, microwave, refrigerator, and washer.
Key Highlights
- Backyard directly abuts Clove Lake Park
- 1,260‑square‑foot split‑level duplex built in 1986
- Two bedrooms and two bathrooms with separate living, dining, and family rooms
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
$31,334
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
4.75%
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%
$626,680
$626.7K
Cap Rate 7%
$447,629
$447.6K
Cap Rate 9%
$348,156
$348.2K
Market Conditions
NOI Build-Up for 1,260 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
$46.9K $37.20/SF
− Vacancy
−$2.1K −$1.67/SF
EGI
$44.8K $35.53/SF
− OpEx
−$13.4K −$10.66/SF
NOI
$31.3K $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%
$626,680
Cap Rate 7%
$447,629
Cap Rate 9%
$348,156
Alternative Uses
Best Use
Multifamily LT 5
$447.6K
$391.7K – $522.2K
NOI $31,334 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$601.2K
$526.1K – $701.4K
NOI $42,084 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,173
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Split-level residence with flexible living areas, fenced outdoor space, and convenient access to transportation and local amenities.
Where is this duplex located?
The property is located at 3 Clove Way Staten Island, NY.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Backyard directly abuts Clove Lake Park; 1,260‑square‑foot split‑level duplex built in 1986; Two bedrooms and two bathrooms with separate living, dining, and family rooms
