Duplex with Built-In
New
For Sale
$724,888
300 Alter Avenue, Staten Island, NY 10305
Residential, Staten Island, NY
Property Size1,450 SF
Lot Size0.06 Acres
Price / SF$499.92
Days on Market7
Property Features for 300 Alter Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1
Parking features
On Street
Fencing
Chain Link
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Back Yard, Side
Subdivision
Dongan Hills Colony
Standard status
Active
APN
3340-0028
Size
1,450 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5000
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1988
Floors in Building
3
Building materials
Vinyl Siding
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Miroslava Simanovsky · License #40SI0750581
(718) 668-2550
Added: Aug 17
Changed: Aug 23
Last Checked: Aug 23 at 9:06PM
MLS# 2604633
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 1,450-square-foot duplex, built in 1988, is a semi-attached end unit with three bedrooms and three bathrooms. The layout includes a living room, eat-in kitchen, and family room with sliding-door access to the backyard. A built-in garage and large side yard add functional outdoor and storage space. The property has vinyl siding, a newer roof, newer kitchen appliances, and public sewer service. Appliances include a dishwasher, dryer, microwave, refrigerator, and washer.
Located in Staten Island, the property is near shopping, schools, public transportation, and bus service to New York City. The 0.0551-acre parcel is zoned R3X and includes chain-link fencing. The property is offered for sale in AS-IS condition.
Located in Staten Island, the property is near shopping, schools, public transportation, and bus service to New York City. The 0.0551-acre parcel is zoned R3X and includes chain-link fencing. The property is offered for sale in AS-IS condition.
Key Highlights
- 1,450 SF duplex on a 0.0551‑acre parcel
- Three bedrooms and three bathrooms
- Built‑in garage with large side yard
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
$38,070
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
5.25%
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%
$761,400
$761.4K
Cap Rate 7%
$543,857
$543.9K
Cap Rate 9%
$423,000
$423.0K
Market Conditions
NOI Build-Up for 1,450 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
$59.2K $40.80/SF
− Vacancy
−$4.8K −$3.29/SF
EGI
$54.4K $37.51/SF
− OpEx
−$16.3K −$11.25/SF
NOI
$38.1K $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%
$761,400
Cap Rate 7%
$543,857
Cap Rate 9%
$423,000
Alternative Uses
Best Use
Multifamily LT 5
$543.9K
$475.9K – $634.5K
NOI $38,070 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$500.4K
$437.8K – $583.8K
NOI $35,026 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$691.9K
$605.4K – $807.2K
NOI $48,430 @ 7.0% cap · market cap 6.68%
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
2,687
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached residence with three bedrooms, three bathrooms, a backyard, and side-yard space in Staten Island.
Where is this duplex located?
The property is located at 300 Alter Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $724,888.
What are key features of this property?
This property features: 1,450 SF duplex on a 0.0551‑acre parcel; Three bedrooms and three bathrooms; Built‑in garage with large side yard
