Renovated Two-Family
New
For Sale
$849,900
335 Oder Avenue, Staten Island, NY 10304
Residential Income, Staten Island, NY
Property Size1,344 SF
Lot Size0.05 Acres
Price / SF$632.37
Days on Market2
Property Features for 335 Oder Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 3
Parking features
On Street, Off Street
Patio and Porch features
Patio
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Clifton
Standard status
Active
APN
2907-21
Size
1,344 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5062
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
private backyard
central air conditioning
Building Details
Year built
1970
Floors in Building
3
Number of units
2
Building materials
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: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 3:06PM
MLS# 2605022
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 1,344-square-foot Colonial is configured as a legal two-family residence. The primary dwelling includes three bedrooms, one full bathroom, a three-quarter bath, an open living arrangement, hardwood flooring, and a remodeled kitchen with quartz counters, stainless steel appliances, and custom cabinetry. The second residence provides one bedroom, a full bathroom, and additional living space. Improvements include vinyl siding, updated bathrooms, central air conditioning, forced-air natural gas heat, and a private patio. Off-street and on-street parking are available, with public sewer service.
Located on Oder Avenue in Staten Island, the property is near the Verrazzano-Narrows Bridge and public transportation serving Brooklyn and Manhattan. Shopping, restaurants, parks, and beaches are also identified in the surrounding area. The property is zoned R3A and was built in 1970 on a 0.0539-acre lot.
Located on Oder Avenue in Staten Island, the property is near the Verrazzano-Narrows Bridge and public transportation serving Brooklyn and Manhattan. Shopping, restaurants, parks, and beaches are also identified in the surrounding area. The property is zoned R3A and was built in 1970 on a 0.0539-acre lot.
Key Highlights
- Legal two‑family configuration with a three‑bedroom primary residence and a separate one‑bedroom apartment
- 1,344 square feet on a 0.0539‑acre lot
- Updated kitchen with quartz countertops, stainless steel appliances, and custom cabinetry
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
Check the figures for this property
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 - Legal two-family property with updated interiors, separate living space, central air, and a private patio.
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 configuration with a three‑bedroom primary residence and a separate one‑bedroom apartment; 1,344 square feet on a 0.0539‑acre lot; Updated kitchen with quartz countertops, stainless steel appliances, and custom cabinetry
