Renovated End-Unit
For Sale
$599,900
347 Abingdon Avenue, Staten Island, NY 10308
Residential, Staten Island, NY
Property Size1,330 SF
Lot Size0.07 Acres
Price / SF$451.05
Days on Market12
Property Features for 347 Abingdon Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
2
Bathrooms
2
Full bathrooms
1
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Carport
Appliances
Dishwasher, Microwave, Refrigerator
Lot features
Back Yard
Subdivision
Great Kills
Standard status
Active
APN
5457-1
Size
1,330 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2131
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1990
Floors in Building
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Gennady Gary Papirov · License #30PA0885250
(917) 856-2012
Added: Sep 10
Changed: Sep 14
Last Checked: Sep 21 at 6:06PM
MLS# 2605107
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 end-unit duplex at 347 Abingdon Avenue offers 1,330 square feet with two bedrooms, three bathrooms, and a separate family room that extends the living area. Renovated interior finishes include a custom kitchen with quartz countertops, stainless steel appliances, and updated flooring, while the bathrooms have also been improved. Vinyl siding, natural-gas forced-air heating, and a Colonial design complete the physical profile.
The property includes a 0.0695-acre lot with a private backyard and carport parking. Public sewer service is in place, and the home was built in 1990. Located in Staten Island, the property is near public transportation, parks, schools, shopping, restaurants, and everyday conveniences. R3-1 zoning is also identified for the property.
The property includes a 0.0695-acre lot with a private backyard and carport parking. Public sewer service is in place, and the home was built in 1990. Located in Staten Island, the property is near public transportation, parks, schools, shopping, restaurants, and everyday conveniences. R3-1 zoning is also identified for the property.
Key Highlights
- 1,330‑square‑foot duplex with 2 bedrooms and 3 bathrooms
- 0.0695‑acre lot with an oversized private backyard
- Renovated kitchen with quartz countertops and stainless steel appliances
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
$33,075
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
5.51%
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%
$661,500
$661.5K
Cap Rate 7%
$472,500
$472.5K
Cap Rate 9%
$367,500
$367.5K
Market Conditions
NOI Build-Up for 1,330 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
$49.5K $37.20/SF
− Vacancy
−$2.2K −$1.67/SF
EGI
$47.2K $35.53/SF
− OpEx
−$14.2K −$10.66/SF
NOI
$33.1K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$661,500
Cap Rate 7%
$472,500
Cap Rate 9%
$367,500
Alternative Uses
Best Use
Multifamily LT 5
$472.5K
$413.4K – $551.3K
NOI $33,075 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$421.3K
$368.7K – $491.6K
NOI $29,494 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$634.6K
$555.3K – $740.4K
NOI $44,422 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
Check the figures for this property
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 - Updated residence with a private backyard, family room, carport, and public sewer service.
Where is this duplex located?
The property is located at 347 Abingdon Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 1,330‑square‑foot duplex with 2 bedrooms and 3 bathrooms; 0.0695‑acre lot with an oversized private backyard; Renovated kitchen with quartz countertops and stainless steel appliances
