2-Unit Colonial
For Sale
$799,999
3419 Richmond Avenue, Staten Island, NY 10312
Residential Income, Staten Island, NY
Property Size2,393 SF
Lot Size0.09 Acres
Price / SF$334.31
Days on Market87
Property Features for 3419 Richmond Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
3
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3
Parking features
Off Street
Patio and Porch features
Deck
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Eltingville
Standard status
Active
APN
5531-0003
Size
2,393 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
5966
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas, Forced Air
Building Details
Year built
1925
Floors in Building
2
Number of units
1
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Weichert Realtors Truhomes
(718) 673-8602
Listed By:
Joseph Rodriguez · License #10491211956
(646) 541-0039
Added: Jun 27
Changed: Sep 19
Last Checked: Sep 21 at 8:06PM
MLS# 2603625
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.
Built in 1925, this 2,393-square-foot Colonial contains two residential units. The first-floor apartment offers two bedrooms and access to a finished basement with a separate entrance to the yard. Upstairs, the one-bedroom apartment includes a finished attic that can serve as flexible additional space. Recent improvements include a new kitchen, new appliances, new concrete, and seven ductless units. The home has vinyl siding, a deck, public sewer, and natural-gas heating with hot water and forced air systems.
The property sits on a 0.0918-acre lot at 3419 Richmond Avenue in Staten Island’s Eltingville area. Parking includes a two-car driveway, a detached garage, and additional off-street capacity. The location provides access to schools, shopping, and transportation. R3A zoning applies.
The property sits on a 0.0918-acre lot at 3419 Richmond Avenue in Staten Island’s Eltingville area. Parking includes a two-car driveway, a detached garage, and additional off-street capacity. The location provides access to schools, shopping, and transportation. R3A zoning applies.
Key Highlights
- 2,393‑square‑foot two‑family Colonial built in 1925
- 0.0918‑acre lot with R3A zoning
- First‑floor 2‑bedroom apartment with finished basement and separate yard entrance
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
$59,133
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
7.39%
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%
$1,182,660
$1.2M
Cap Rate 7%
$844,757
$844.8K
Cap Rate 9%
$657,033
$657.0K
Market Conditions
NOI Build-Up for 2,393 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
$91.9K $38.40/SF
− Vacancy
−$7.4K −$3.10/SF
EGI
$84.5K $35.30/SF
− OpEx
−$25.3K −$10.59/SF
NOI
$59.1K $24.71/SF
Area
ZIP 10312
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%
$1,182,660
Cap Rate 7%
$844,757
Cap Rate 9%
$657,033
Alternative Uses
Best Use
Multifamily LT 5
$844.8K
$739.2K – $985.6K
NOI $59,133 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$743.2K
$650.3K – $867.1K
NOI $52,025 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$1.14M
$999.1K – $1.33M
NOI $79,927 @ 7.0% cap · market cap 9.99%
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
654
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
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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 - Renovated two-family property with finished lower-level space, attic flex area, and off-street parking.
Where is this duplex located?
The property is located at 3419 Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: 2,393‑square‑foot two‑family Colonial built in 1925; 0.0918‑acre lot with R3A zoning; First‑floor 2‑bedroom apartment with finished basement and separate yard entrance
