New Construction Duplex with Detached
For Sale
$1,788,000
341 Mallory Ave, Staten Island, NY 10305
Two three-bedroom residences feature upgraded kitchens, flexible ground-level space, and a private backyard.
Property Size3,129 SF
Price / SF$571.43
Days on Market22
Property Features for 341 Mallory Ave
General Information
Standard status
Active
Size
3,129 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
solar panels
private backyard
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Source:
Statenislandhomelistings
Added: Aug 31
Changed: Sep 18
Last Checked: Sep 21 at 7:37AM
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.
Completed in 2026, this 3,129-square-foot duplex is configured as two three-bedroom, two-bath residences in a 6-over-6 layout. Interior features include custom kitchens with quartz countertops, designer bathrooms, hardwood flooring, and premium builder upgrades. The ground level adds flexible space for recreation or storage, while natural gas service and fully paid-off solar panels are also included.
Outdoor amenities include a large private backyard, detached garage, and off-street parking. The property is located at 341 Mallory Ave in Staten Island, minutes from the Verrazzano Bridge, with transportation access to NYC and Brooklyn. Parks, the South Beach Boardwalk, shopping, and restaurants are nearby.
Outdoor amenities include a large private backyard, detached garage, and off-street parking. The property is located at 341 Mallory Ave in Staten Island, minutes from the Verrazzano Bridge, with transportation access to NYC and Brooklyn. Parks, the South Beach Boardwalk, shopping, and restaurants are nearby.
Key Highlights
- 3,129 SF duplex completed in 2026
- Two 3‑bedroom, 2‑bath residences in a 6‑over‑6 design
- Custom kitchens with quartz countertops and designer bathrooms
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
$82,153
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
4.59%
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%
$1,643,060
$1.6M
Cap Rate 7%
$1,173,614
$1.2M
Cap Rate 9%
$912,811
$912.8K
Market Conditions
NOI Build-Up for 3,129 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
$127.7K $40.80/SF
− Vacancy
−$10.3K −$3.29/SF
EGI
$117.4K $37.51/SF
− OpEx
−$35.2K −$11.25/SF
NOI
$82.2K $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 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%
$1,643,060
Cap Rate 7%
$1,173,614
Cap Rate 9%
$912,811
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.03M – $1.37M
NOI $82,153 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$1.08M
$944.8K – $1.26M
NOI $75,584 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,509 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
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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 - Two three-bedroom residences feature upgraded kitchens, flexible ground-level space, and a private backyard.
Where is this duplex located?
The property is located at 341 Mallory Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,788,000.
What are key features of this property?
This property features: 3,129 SF duplex completed in 2026; Two 3‑bedroom, 2‑bath residences in a 6‑over‑6 design; Custom kitchens with quartz countertops and designer bathrooms
