New Duplex Under
For Sale
$1,549,999
Pending
3305 Richmond Avenue, Staten Island, NY 10312
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size3,152 SF
Lot Size0.10 Acres
Days on Market161
Property Features for 3305 Richmond Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R-31
Bedrooms
6
Bathrooms
5
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
On Street, Assigned
Interior features
Walk-In Closet(s)
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Eltingville
Standard status
Pending
APN
5612-25
Size
3,152 SF
Lot size
0.10 Acres
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
1
Building materials
Stone, Stucco, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Added: Mar 24
Changed: Aug 2
Last Checked: Aug 31 at 4:06AM
MLS# 2601509
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 newly constructed, oversized two-family detached duplex (colonial style) is currently under construction. Each home offers identical first- and second-floor layouts with 9-foot ceilings, including a large living room, formal dining room, and a modern white-and-gray kitchen with hood, dishwasher, stove, and microwave. Both units provide two bedrooms, a full bathroom, and a primary suite with a private bath and walk-in closet.
Additional space is built into the configuration. The first-floor unit includes direct access to a half-finished basement with a full bathroom and additional recreation or entertaining space. The second-floor unit provides access to a full attic for storage or additional potential use. There is also an additional basement section with a side outside entrance, with its own electric heating and cooling via a mini-split system and prepped for a bathroom.
Set on a 0.1019-acre property with large backyards and ample parking, the duplex includes central air cooling, forced air electric heating, public sewer, and on-street plus assigned parking. The project is slated for a 2026 build.
Additional space is built into the configuration. The first-floor unit includes direct access to a half-finished basement with a full bathroom and additional recreation or entertaining space. The second-floor unit provides access to a full attic for storage or additional potential use. There is also an additional basement section with a side outside entrance, with its own electric heating and cooling via a mini-split system and prepped for a bathroom.
Set on a 0.1019-acre property with large backyards and ample parking, the duplex includes central air cooling, forced air electric heating, public sewer, and on-street plus assigned parking. The project is slated for a 2026 build.
Key Highlights
- Duplex two‑family detached colonial style under construction
- 0.1019‑acre lot with large backyards and ample parking
- Identical first- and second‑floor layouts with 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
5.03%
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 5.03%
Second Best
Apartment 5plus
$978.9K
$856.6K – $1.14M
NOI $68,526 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,278 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Duplex - New duplex under construction in R-31 zoning with central air, 9-foot ceilings, and detached two-family layouts.
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 $1,549,999.
What are key features of this property?
This property features: Duplex two‑family detached colonial style under construction; 0.1019‑acre lot with large backyards and ample parking; Identical first- and second‑floor layouts with 9‑foot ceilings
