Renovated Two-Family
For Sale
$849,900
335 Oder Avenue, Staten Island, NY 10304
Updated duplex with a separate one-bedroom apartment, private backyard, and flexible owner-occupant or rental configuration.
Property Size1,344 SF
Days on Market15
Property Features for 335 Oder Avenue
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/1 full + 3/4 bath, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,062
Amenities
central air conditioning
private backyard
Building Details
Building Size
1,344 SF
Year Built
1970
Buildings
1
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Source:
Wonicarealtors
Added: Sep 8
Changed: Sep 21
Last Checked: Sep 21 at 8:06AM
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.
Built in 1970, this renovated legal two-family duplex offers a primary residence alongside a separate apartment. The main unit includes three bedrooms, one full bathroom, a three-quarter bathroom, an open living arrangement, hardwood flooring, and abundant natural light. Its updated kitchen features quartz countertops, stainless steel appliances, and custom cabinetry. The additional apartment provides one bedroom, a full bathroom, and generous living space.
Property improvements include new bathrooms, siding, and central air conditioning. A private backyard adds outdoor space for relaxation or entertaining. Located at 335 Oder Avenue in Staten Island, the property is minutes from the Verrazzano-Narrows Bridge and public transportation serving Brooklyn and Manhattan, with shopping, restaurants, parks, and beaches nearby.
Property improvements include new bathrooms, siding, and central air conditioning. A private backyard adds outdoor space for relaxation or entertaining. Located at 335 Oder Avenue in Staten Island, the property is minutes from the Verrazzano-Narrows Bridge and public transportation serving Brooklyn and Manhattan, with shopping, restaurants, parks, and beaches nearby.
Key Highlights
- Legal two‑family duplex with separate apartment
- Main residence includes 3 bedrooms, 1 full bathroom, and a 3/4 bath
- Separate 1‑bedroom apartment with full bathroom
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
$33,211
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
3.91%
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%
$664,220
$664.2K
Cap Rate 7%
$474,443
$474.4K
Cap Rate 9%
$369,011
$369.0K
Market Conditions
NOI Build-Up for 1,344 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
$51.6K $38.40/SF
− Vacancy
−$4.2K −$3.10/SF
EGI
$47.4K $35.30/SF
− OpEx
−$14.2K −$10.59/SF
NOI
$33.2K $24.71/SF
Area
ZIP 10304
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%
$664,220
Cap Rate 7%
$474,443
Cap Rate 9%
$369,011
Alternative Uses
Best Use
Multifamily LT 5
$474.4K
$415.1K – $553.5K
NOI $33,211 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$434.8K
$380.5K – $507.3K
NOI $30,437 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$641.3K
$561.1K – $748.2K
NOI $44,890 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with a separate one-bedroom apartment, private backyard, and flexible owner-occupant or rental configuration.
Where is this duplex located?
The property is located at 335 Oder 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: Legal two‑family duplex with separate apartment; Main residence includes 3 bedrooms, 1 full bathroom, and a 3/4 bath; Separate 1‑bedroom apartment with full bathroom
