Custom Two-Family
For Sale
Contact for pricing
Pending
3 Fonda Place, Staten Island, NY 10309
Two-family home with a finished basement featuring a private entrance and three-quarter bath, plus a one-bedroom apartment.
Property Size4,684 SF
Lot Size0.14 Acres
Days on Market132
Property Features for 3 Fonda Place
General Information
Standard status
Pending
Size
4,684 SF
Lot size
0.14 Acres
Property subtype
Multifamily
Zoning
R3X
Additional Details
Multifamily Units
2
Amenities
wainscoting
coffered ceilings
radiant heated floors
gas fireplace
steam shower
hardwood flooring
heated garage
central air
swimming pool
outdoor bathroom
Building Details
Year Built
2019
Stories
3
Units
1
Construction
colonial
Tenancy
Multi
Listing Agency:
BHGRE Safari Realty
Listed By:
Malic Klobucista · License #10401286223
Source:
Crexi
Added: Apr 15
Changed: Aug 7
Last Checked: Jul 24 at 4:44PM
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 BHGRE Safari Realty
Investment Insights
Based on property information with market context.
Custom built two-family center hall colonial in Staten Island’s Princes Bay area, offering a dramatic two-story entry and high-end interior finishes. The main residence includes a designer eat-in kitchen with quartz countertops and an oversized island, a butler’s pantry, and sliders to a deck and yard. Living and dining spaces feature details such as custom moldings, wainscoting, coffered ceilings, recessed lighting, and radiant heated floors in multiple areas, with a family room anchored by a gas fireplace. Upstairs, the primary suite includes a steam shower, freestanding soaking tub, and walk-in closets, with additional oversized bedrooms, a full bath, a laundry room, and hardwood flooring throughout. A floored attic adds storage, and each room is served with its own thermostat.
The finished full basement has its own private entrance and includes a three-quarter bath. The property also features a one-bedroom apartment with large windows for natural light. Outside, the backyard is designed for entertaining and convenience with a pool and an outdoor bathroom that includes a shower, sink, and washer and dryer. Additional amenities listed include a heated garage, a three-car driveway, central air, multi-zone gas heat and AC, new stucco exterior, and a private block location.
The finished full basement has its own private entrance and includes a three-quarter bath. The property also features a one-bedroom apartment with large windows for natural light. Outside, the backyard is designed for entertaining and convenience with a pool and an outdoor bathroom that includes a shower, sink, and washer and dryer. Additional amenities listed include a heated garage, a three-car driveway, central air, multi-zone gas heat and AC, new stucco exterior, and a private block location.
Key Highlights
- 2019‑built two‑family center hall colonial with approx. 4,000 SF on a 6,000 SF lot
- Main home features Andersen windows, custom moldings and wainscoting, coffered ceilings, recessed lighting, and radiant heated floors
- Designer eat‑in kitchen with quartz countertops, 8 ft island, butler’s pantry, two ovens, convection steam microwave, pot filler, wine fridge, and deck access
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
$116,483
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
5.97%
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%
$2,329,660
$2.3M
Cap Rate 7%
$1,664,043
$1.7M
Cap Rate 9%
$1,294,256
$1.3M
Market Conditions
NOI Build-Up for 4,684 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
$174.2K $37.20/SF
− Vacancy
−$7.8K −$1.67/SF
EGI
$166.4K $35.53/SF
− OpEx
−$49.9K −$10.66/SF
NOI
$116.5K $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%
$2,329,660
Cap Rate 7%
$1,664,043
Cap Rate 9%
$1,294,256
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.46M – $1.94M
NOI $116,483 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$1.48M
$1.30M – $1.73M
NOI $103,872 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$2.23M
$1.96M – $2.61M
NOI $156,447 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
436
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 - Two-family home with a finished basement featuring a private entrance and three-quarter bath, plus a one-bedroom apartment.
Where is this duplex located?
The property is located at 3 Fonda Place Staten Island, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 2019‑built two‑family center hall colonial with approx. 4,000 SF on a 6,000 SF lot; Main home features Andersen windows, custom moldings and wainscoting, coffered ceilings, recessed lighting, and radiant heated floors; Designer eat‑in kitchen with quartz countertops, 8 ft island, butler’s pantry, two ovens, convection steam microwave, pot filler, wine fridge, and deck access
