Semi-Attached Duplex Home with Central
For Sale
$749,900
Pending
308 Travis Avenue, Staten Island, NY 10314
SINGLE_FAMILY - Staten Island, NY
Property Size1,280 SF
Lot Size0.08 Acres
Days on Market51
Property Features for 308 Travis Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 1
Parking features
Driveway, Carport
Exterior features
Gas Grill
Basement
Full
Appliances
Dishwasher, Dryer, Freezer, Refrigerator
Lot features
Back Yard
Subdivision
New Springville
Standard status
Pending
Size
1,280 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7612
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1982
Floors in Building
2
Building materials
Aluminum Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Cristina Chianese · License #10401366584
(917) 201-8491
Added: Jul 15
Changed: Aug 5
Last Checked: Sep 3 at 8:06PM
MLS# 2604002
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.
308 Travis Avenue is a semi-attached 3-bedroom, 2-bath home set on an oversized lot, with forced-air natural gas heating and central air cooling. The property is move-in ready and includes practical in-home features such as a dishwasher, refrigerator, freezer, and dryer. Exterior improvements include aluminum siding, plus an outdoor gas grill area and a driveway and carport for parking.
The home sits on a 0.0781-acre lot and has a property size of 1,280 square feet. Built in 1982, it connects to public sewer and is located in the Travis neighborhood of Staten Island, Richmond County (ZIP 10314). Residents have nearby shopping and everyday conveniences, and commuters can use nearby S59, S89, S62, and S93 bus routes. Access to the Staten Island Expressway (I-278) and West Shore Expressway (NY-440) supports regional travel to Brooklyn and beyond.
Zoned R3-1, the property offers a straightforward residential layout with three bedrooms and two full bathrooms, supported by its outdoor space for relaxing, entertaining, or gardening.
The home sits on a 0.0781-acre lot and has a property size of 1,280 square feet. Built in 1982, it connects to public sewer and is located in the Travis neighborhood of Staten Island, Richmond County (ZIP 10314). Residents have nearby shopping and everyday conveniences, and commuters can use nearby S59, S89, S62, and S93 bus routes. Access to the Staten Island Expressway (I-278) and West Shore Expressway (NY-440) supports regional travel to Brooklyn and beyond.
Zoned R3-1, the property offers a straightforward residential layout with three bedrooms and two full bathrooms, supported by its outdoor space for relaxing, entertaining, or gardening.
Key Highlights
- 0.0781‑acre lot with an oversized yard for outdoor use
- 1,280 square feet with three bedrooms and two full bathrooms
- Central air cooling plus forced‑air natural gas heating
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
$34,912
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
4.66%
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%
$698,240
$698.2K
Cap Rate 7%
$498,743
$498.7K
Cap Rate 9%
$387,911
$387.9K
Market Conditions
NOI Build-Up for 1,280 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
$52.2K $40.80/SF
− Vacancy
−$2.4K −$1.84/SF
EGI
$49.9K $38.96/SF
− OpEx
−$15.0K −$11.69/SF
NOI
$34.9K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$698,240
Cap Rate 7%
$498,743
Cap Rate 9%
$387,911
Alternative Uses
Best Use
Multifamily LT 5
$498.7K
$436.4K – $581.9K
NOI $34,912 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$462.5K
$404.7K – $539.6K
NOI $32,373 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$610.7K
$534.4K – $712.5K
NOI $42,752 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Semi-attached home with three bedrooms, central air, and an oversized yard on a lot zoned R3-1.
Where is this duplex located?
The property is located at 308 Travis Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 0.0781‑acre lot with an oversized yard for outdoor use; 1,280 square feet with three bedrooms and two full bathrooms; Central air cooling plus forced‑air natural gas heating
