Duplex with Finished Basement
For Sale
$1,389,999
Pending
313 Sheldon Avenue, Staten Island, NY 10312
MULTI_FAMILY - Staten Island, NY
Property Size3,000 SF
Lot Size0.09 Acres
Days on Market222
Property Features for 313 Sheldon Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3X
Bedrooms
8
Bathrooms
7
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 1, Bedroom 8, Bathroom 7, Bedroom 7
Parking features
Carport, On Street, Off Street
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Annadale
Standard status
Pending
APN
06267-0009
Size
3,000 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
13000
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Nicole Molinini · License #40MO1063271
(718) 987-7900
Added: Jan 13
Changed: Aug 2
Last Checked: Aug 23 at 11:06AM
MLS# 2600285
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.
Under construction duplex (two-family) built in 2026, featuring two separate units. Each unit is laid out with four bedrooms, including a master bedroom with a 3/4 bath and WIC, plus hardwood floors throughout and ample closet space. The full finished basement includes an additional 3/4 bath and provides access to the yard (excluding basement flooring).
The property sits on a 0.0918-acre lot and is identified with R3X zoning. Construction materials include stone and vinyl siding. Heating is electric forced air, and cooling is provided by central air. Parking is available via carport, on-street, and off-street options, with public sewer service.
The current configuration is a custom two-family home designed for comfortable multi-bedroom living on a treelined block, with convenient access to shopping and transportation.
The property sits on a 0.0918-acre lot and is identified with R3X zoning. Construction materials include stone and vinyl siding. Heating is electric forced air, and cooling is provided by central air. Parking is available via carport, on-street, and off-street options, with public sewer service.
The current configuration is a custom two-family home designed for comfortable multi-bedroom living on a treelined block, with convenient access to shopping and transportation.
Key Highlights
- Duplex built in 2026, under construction
- Finished basement with 3/4 bath and access to yard (excluding flooring)
- Each unit offers four bedrooms, including master with 3/4 bath and WIC
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
$74,132
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
5.33%
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%
$1,482,640
$1.5M
Cap Rate 7%
$1,059,029
$1.1M
Cap Rate 9%
$823,689
$823.7K
Market Conditions
NOI Build-Up for 3,000 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
$115.2K $38.40/SF
− Vacancy
−$9.3K −$3.10/SF
EGI
$105.9K $35.30/SF
− OpEx
−$31.8K −$10.59/SF
NOI
$74.1K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,482,640
Cap Rate 7%
$1,059,029
Cap Rate 9%
$823,689
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$926.7K – $1.24M
NOI $74,132 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$931.7K
$815.3K – $1.09M
NOI $65,221 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,201 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Under-construction duplex built in 2026 with central air, two units, and a finished basement with yard access.
Where is this duplex located?
The property is located at 313 Sheldon Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,389,999.
What are key features of this property?
This property features: Duplex built in 2026, under construction; Finished basement with 3/4 bath and access to yard (excluding flooring); Each unit offers four bedrooms, including master with 3/4 bath and WIC
