Newly Constructed Duplex
For Sale
Contact for pricing
3305 Richmond Avenue, Staten Island, NY 10312
Detached two-family property with flexible lower-level space, private outdoor areas, and convenient access to transit, shopping, and dining.
Property Size3,152 SF
Price / SF$507.30
Days on Market164
Property Features for 3305 Richmond Avenue
General Information
Standard status
Active
Size
3,152 SF
Property subtype
Multifamily
Zoning
R-31
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Stories
2
Units
1
Listing Agency:
Homes R US Realty Of NY Inc
Listed By:
Gennady (Gary) Papirov · License #NY
(917) 856-2012
Source:
Crexi
Added: Mar 25
Changed: Aug 30
Last Checked: Aug 31 at 10:27AM
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 Homes R US Realty Of NY Inc
Investment Insights
Based on property information with market context.
Completed in 2026, this detached duplex includes two matching residences with spacious layouts and 9-foot ceilings. Each unit offers a living room, formal dining room, modern kitchen with hood, dishwasher, stove, and microwave, two bedrooms, a full bathroom, and a primary suite with its own bath and walk-in closet.
The first-floor residence connects to a partially finished basement with a full bathroom and additional recreational or entertaining space. The upper residence includes access to a full attic, while another basement section has a separate exterior entrance, independent electric, heating, and cooling through a mini-split system, and preparation for a bathroom. Large backyards and ample parking are also provided.
Located at 3305 Richmond Avenue in Staten Island, the property is near Staten Island Mall and the Eltingville Transit Center, with local and express bus service to Brooklyn and Manhattan. The property is zoned R-31.
The first-floor residence connects to a partially finished basement with a full bathroom and additional recreational or entertaining space. The upper residence includes access to a full attic, while another basement section has a separate exterior entrance, independent electric, heating, and cooling through a mini-split system, and preparation for a bathroom. Large backyards and ample parking are also provided.
Located at 3305 Richmond Avenue in Staten Island, the property is near Staten Island Mall and the Eltingville Transit Center, with local and express bus service to Brooklyn and Manhattan. The property is zoned R-31.
Key Highlights
- Two‑family detached duplex completed in 2026
- Property size: 3152
- Two matching residences with 6/6 layouts and 9‑foot ceilings
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
$77,888
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
4.87%
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%
$1,557,760
$1.6M
Cap Rate 7%
$1,112,686
$1.1M
Cap Rate 9%
$865,422
$865.4K
Market Conditions
NOI Build-Up for 3,152 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
$121.0K $38.40/SF
− Vacancy
−$9.8K −$3.10/SF
EGI
$111.3K $35.30/SF
− OpEx
−$33.4K −$10.59/SF
NOI
$77.9K $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%
$1,557,760
Cap Rate 7%
$1,112,686
Cap Rate 9%
$865,422
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$973.6K – $1.30M
NOI $77,888 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$978.9K
$856.6K – $1.14M
NOI $68,526 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,278 @ 7.0% cap · market cap 6.58%
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
551
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family property with flexible lower-level space, private outdoor areas, and convenient access to transit, shopping, and dining.
Where is this duplex located?
The property is located at 3305 Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two‑family detached duplex completed in 2026; Property size: 3152; Two matching residences with 6/6 layouts and 9‑foot ceilings
