Colonial Duplex with Detached
For Sale
$849,900
Pending
309 Maine Avenue, Staten Island, NY 10314
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size2,320 SF
Lot Size0.10 Acres
Days on Market63
Property Features for 309 Maine Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1
Parking features
Garage, Driveway
Fencing
Fenced
Basement
Full, Unfinished
Lot features
Back Yard
Subdivision
Westerleigh
Standard status
Pending
Size
2,320 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7882
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Amenities
chestnut trim
pine flooring
unfinished basement
2 laundry rooms
gas hot water
large yard
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Stucco
Architectural style
Colonial
Listing Agency:
Zaloom Real Estate · Century 21 Real Estate
(718) 816-1998
Listed By:
Vincent M Zaloom
(917) 539-4798
Added: Jun 22
Changed: Aug 2
Last Checked: Aug 23 at 2:06PM
MLS# 2603558
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.
Charming older Colonial duplex at 309 Maine Avenue featuring chestnut trim and pine flooring throughout. The home includes an unfinished basement with two laundry rooms (one for each floor) plus gas hot water and two new heating units. Constructed with stucco and built in 1920, the property is laid out with five bedrooms and two bathrooms.
Outside, a long driveway leads to a large yard and a two-car detached garage. The property is fenced and served by public sewer, with heating provided via hot water and natural gas.
Situated directly across from Westerleigh Park, the property is a strong fit for buyers seeking a Colonial-style residential income property with a garage and yard.
Outside, a long driveway leads to a large yard and a two-car detached garage. The property is fenced and served by public sewer, with heating provided via hot water and natural gas.
Situated directly across from Westerleigh Park, the property is a strong fit for buyers seeking a Colonial-style residential income property with a garage and yard.
Key Highlights
- Older Colonial duplex with chestnut trim and pine flooring throughout
- Unfinished basement with two laundry rooms (one per floor)
- Two new heating units, gas hot water, natural gas heat
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
$63,278
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
7.45%
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%
$1,265,560
$1.3M
Cap Rate 7%
$903,971
$904.0K
Cap Rate 9%
$703,089
$703.1K
Market Conditions
NOI Build-Up for 2,320 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
$94.7K $40.80/SF
− Vacancy
−$4.3K −$1.84/SF
EGI
$90.4K $38.96/SF
− OpEx
−$27.1K −$11.69/SF
NOI
$63.3K $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%
$1,265,560
Cap Rate 7%
$903,971
Cap Rate 9%
$703,089
Alternative Uses
Best Use
Multifamily LT 5
$904.0K
$791.0K – $1.05M
NOI $63,278 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$838.2K
$733.5K – $977.9K
NOI $58,676 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.11M
$968.6K – $1.29M
NOI $77,489 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,597
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 - Older Colonial duplex on a fenced lot with pine flooring, natural gas heat, and a long driveway to a 2-car detached garage.
Where is this duplex located?
The property is located at 309 Maine Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Older Colonial duplex with chestnut trim and pine flooring throughout; Unfinished basement with two laundry rooms (one per floor); Two new heating units, gas hot water, natural gas heat
