Newly Constructed Two-Family
For Sale
$1,549,999
Pending
3307 Richmond Ave, Staten Island, NY 10312
Detached two-family property with finished basement space, attic storage, private suites, and off-street parking.
Property Size3,152 SF
Days on Market168
Property Features for 3307 Richmond Ave
General Information
Standard status
Pending
Size
3,152 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Neuhaus Realty, Inc.
Listed By:
Stacey Costantino · License #30CO0964304
Source:
Statenislandhomelistings
Added: Mar 21
Changed: Sep 2
Last Checked: Sep 1 at 8:06PM
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 Neuhaus Realty, Inc.
Investment Insights
Based on property information with market context.
Completed in 2026, this detached two-family property contains 3,152 square feet and is configured as an oversized 6/6 residence. Both units share a matching first- and second-floor arrangement with 9-foot ceilings, living and dining rooms, two bedrooms, a full bathroom, and a primary suite with a private bath and walk-in closet. Kitchens include white-and-gray cabinetry, a hood, dishwasher, stove, and microwave.
The first-floor unit connects to a half-finished basement with a full bathroom and additional recreation or entertaining space. The second-floor unit includes access to a full attic. A separate basement area has a side exterior entrance, independent electric, heating, and cooling through a mini-split system, and bathroom rough-in. Large backyards and ample parking serve both units.
The property is located at 3307 Richmond Ave in Staten Island, near the Staten Island Mall and Eltingville Transit Center, with local and express bus service to Brooklyn and Manhattan.
The first-floor unit connects to a half-finished basement with a full bathroom and additional recreation or entertaining space. The second-floor unit includes access to a full attic. A separate basement area has a side exterior entrance, independent electric, heating, and cooling through a mini-split system, and bathroom rough-in. Large backyards and ample parking serve both units.
The property is located at 3307 Richmond Ave in Staten Island, near the Staten Island Mall and Eltingville Transit Center, with local and express bus service to Brooklyn and Manhattan.
Key Highlights
- Two‑family detached property completed in 2026
- 3,152 square feet with an oversized 6/6 configuration
- Both units include two bedrooms and a primary suite with private bath and walk‑in closet
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
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
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family property with finished basement space, attic storage, private suites, and off-street parking.
Where is this duplex located?
The property is located at 3307 Richmond Ave 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: Two‑family detached property completed in 2026; 3,152 square feet with an oversized 6/6 configuration; Both units include two bedrooms and a primary suite with private bath and walk‑in closet
