Duplex With Approved
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 Market9
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
Bedroom 1, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 2
Parking features
On Street
Patio and Porch features
Deck
Fencing
Fenced
Basement
Full, Unfinished
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 27
Last Checked: Oct 28 at 5:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,950-square-foot Colonial is offered with approved plans for conversion to a two-family residence. The proposed first-floor layout has three bedrooms, two bathrooms, and sliding doors opening to the backyard. A second residence is planned across the second floor and finished attic, with two bedrooms, two bathrooms, and an attic-level den. Basement space provides storage. The house is ready to be finished, and the property includes a deck and fenced yard.
Located in Staten Island, the property is approximately five minutes from the Verrazzano-Narrows Bridge. It sits on a 0.0574-acre lot and is zoned R3-2. The home was built in 1915 and has public sewer service.
Located in Staten Island, the property is approximately five minutes from the Verrazzano-Narrows Bridge. It sits on a 0.0574-acre lot and is zoned R3-2. The home was built in 1915 and has public sewer service.
Key Highlights
- Approved plans for conversion to a two‑family residence
- Proposed first‑floor layout: 3 bedrooms and 2 bathrooms
- Upper residence includes 2 bedrooms, 2 bathrooms, and an attic den
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,198
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,960
$1.0M
Cap Rate 7%
$731,400
$731.4K
Cap Rate 9%
$568,867
$568.9K
Market Conditions
NOI Build-Up for 1,950 SF
Gross rent
$79.6K $40.80/SF
− Vacancy
−$6.4K −$3.29/SF
EGI
$73.1K $37.51/SF
− OpEx
−$21.9K −$11.25/SF
NOI
$51.2K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,023,960
Cap Rate 7%
$731,400
Cap Rate 9%
$568,867
Alternative Uses
Best Use
Multifamily LT 5
$731.4K
$640.0K – $853.3K
NOI $51,198 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$672.9K
$588.8K – $785.1K
NOI $47,104 @ 7.0% cap · market cap 7.49%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The proposed conversion includes a three-bedroom residence and an upper-level home with two bedrooms and an attic den.
Where is this duplex 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 first‑floor layout: 3 bedrooms and 2 bathrooms; Upper residence includes 2 bedrooms, 2 bathrooms, and an attic den
