Two-Family Residential Income
For Sale
$629,000
338 Clifton Avenue, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size1,950 SF
Lot Size0.06 Acres
Price / SF$322.56
Days on Market8
Property Features for 338 Clifton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
5
Bathrooms
4
Full bathrooms
1
Rooms
Bathroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
On Street
Patio and Porch features
Deck
Fencing
Fenced
Basement
Unfinished, Full
Lot features
Front Yard, Back Yard
Subdivision
Rosebank
Standard status
Active
APN
02981-0015
Size
1,950 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5757
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1915
Floors in Building
2
Number of units
2
Building materials
Stucco, Vinyl Siding
Architectural style
Colonial
Listing Agency:
NextHome Prestige
Listed By:
Alexander Levin
(718) 980-2100
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 11:06PM
MLS# 2605946
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.
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Investment Insights
Based on property information with market context.
This 1,950-square-foot Colonial, built in 1915, is offered with approved plans for conversion to a two-family residence. The proposed first-floor unit has three bedrooms and two bathrooms, while the second-floor duplex includes two bedrooms, two bathrooms, and an attic-level den. A basement provides storage space.
The 0.0574-acre parcel is zoned R3-2 and includes a fenced backyard and deck. Exterior materials include stucco and vinyl siding. Heating is by hot water with natural gas, and the property is served by public sewer. Parking is on street.
The 0.0574-acre parcel is zoned R3-2 and includes a fenced backyard and deck. Exterior materials include stucco and vinyl siding. Heating is by hot water with natural gas, and the property is served by public sewer. Parking is on street.
Key Highlights
- Approved plans for conversion to a two‑family residence
- Proposed lower unit: 3 bedrooms and 2 bathrooms
- Proposed upper duplex: 2 bedrooms, 2 bathrooms, and an attic‑level den
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,104
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,080
$942.1K
Cap Rate 7%
$672,914
$672.9K
Cap Rate 9%
$523,378
$523.4K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$93.6K $48.00/SF
− Vacancy
−$8.0K −$4.08/SF
EGI
$85.6K $43.92/SF
− OpEx
−$38.5K −$19.76/SF
NOI
$47.1K $24.16/SF
Area
ZIP 10305
Vacancy
8.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,080
Cap Rate 7%
$672,914
Cap Rate 9%
$523,378
Alternative Uses
Best Use
Apartment 5plus
$672.9K
$588.8K – $785.1K
NOI $47,104 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$930.4K
$814.1K – $1.09M
NOI $65,130 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
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Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Approved conversion plans outline separate lower and upper residences, with a den in the finished attic.
Where is this residential income property located?
The property is located at 338 Clifton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Approved plans for conversion to a two‑family residence; Proposed lower unit: 3 bedrooms and 2 bathrooms; Proposed upper duplex: 2 bedrooms, 2 bathrooms, and an attic‑level den
