New Construction
New
For Sale
$1,498,800
339 Mallory Avenue, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size2,449 SF
Lot Size0.08 Acres
Price / SF$612
Days on Market2
Property Features for 339 Mallory Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3X
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 6, Bedroom 5, Bathroom 2, Bedroom 2
Parking features
Covered, Carport
Basement
Full
Lot features
Front Yard, Back Yard
Subdivision
South Beach
Standard status
Active
APN
3417-172
Size
2,449 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
9340
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
private terraces
solar panels
Building Details
Year built
2023
Floors in Building
3
Number of units
2
Building materials
Stone, Vinyl Siding
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# 2605032
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 under-construction two-family property provides 2,449 square feet of residential space on a 0.0844-acre lot. The building includes six bedrooms and six bathrooms, with separate residences arranged across private levels. One residence incorporates an open ground-level area, while both units feature custom kitchens with quartz countertops, designer bathrooms, hardwood floors, and private terraces. Natural gas forced-air heating, central air conditioning, and fully paid-off solar panels add to the property’s systems and finish package.
Completed in 2023 and zoned R3X, the property includes covered parking for up to three vehicles and uses public sewer service. The terraces provide views toward the Verrazano Bridge. The address offers access to transportation serving NYC and Brooklyn, with parks, the South Beach Boardwalk, shopping, and restaurants nearby.
Completed in 2023 and zoned R3X, the property includes covered parking for up to three vehicles and uses public sewer service. The terraces provide views toward the Verrazano Bridge. The address offers access to transportation serving NYC and Brooklyn, with parks, the South Beach Boardwalk, shopping, and restaurants nearby.
Key Highlights
- 2,449 SF two‑family property on a 0.0844‑acre lot
- Six bedrooms and six bathrooms across two residences
- Under construction with 2023 year built
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
$64,299
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
4.29%
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%
$1,285,980
$1.3M
Cap Rate 7%
$918,557
$918.6K
Cap Rate 9%
$714,433
$714.4K
Market Conditions
NOI Build-Up for 2,449 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
$99.9K $40.80/SF
− Vacancy
−$8.1K −$3.29/SF
EGI
$91.9K $37.51/SF
− OpEx
−$27.6K −$11.25/SF
NOI
$64.3K $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 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%
$1,285,980
Cap Rate 7%
$918,557
Cap Rate 9%
$714,433
Alternative Uses
Best Use
Multifamily LT 5
$918.6K
$803.7K – $1.07M
NOI $64,299 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$845.1K
$739.5K – $986.0K
NOI $59,158 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,797 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
774
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer flexible multi-level layouts, upgraded finishes, private terraces, and covered parking.
Where is this duplex located?
The property is located at 339 Mallory Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,498,800.
What are key features of this property?
This property features: 2,449 SF two‑family property on a 0.0844‑acre lot; Six bedrooms and six bathrooms across two residences; Under construction with 2023 year built
