New Construction
For Sale
$1,488,888
351 Edgegrove Avenue, Staten Island, NY 10312
Detached two-family residence with modern finishes, separate living spaces, and rental-income potential.
Property Size4,315 SF
Price / SF$345.05
Days on Market176
Property Features for 351 Edgegrove Avenue
General Information
Standard status
Active
Size
4,315 SF
Property subtype
MultiFamily
Zoning
R3X
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Amenities
Eat In
Full Bath
4
Electric
Forced Air
Combination
6.00
Finished
Full
Central
Stone, Vinyl Siding
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Our Brooklyn Real Estate Inc.
(718) 273-7700
Listed By:
Jonathan Bruno · License #jb1910
(718) 273-7700
Source:
Compass
Added: Mar 8
Changed: Aug 30
Last Checked: Aug 30 at 3:46PM
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 Our Brooklyn Real Estate Inc.
Investment Insights
Based on property information with market context.
Completed in 2026, this detached duplex at 351 Edgegrove Avenue contains 4,315 square feet and is arranged as two residential units. Each unit provides three bedrooms and three bathrooms, with hardwood flooring, an eat-in kitchen, stainless steel appliances, and custom tilework. Open living areas and contemporary finishes create a consistent design throughout both residences.
The property includes stone and vinyl siding, forced-air heating, central air conditioning, and finished interior space. Located in Annadale on Staten Island, the home is near shopping, dining, parks, and transportation. R3X zoning supports its multifamily classification.
The property includes stone and vinyl siding, forced-air heating, central air conditioning, and finished interior space. Located in Annadale on Staten Island, the home is near shopping, dining, parks, and transportation. R3X zoning supports its multifamily classification.
Key Highlights
- Two detached residential units, each with 3 bedrooms and 3 bathrooms
- 4,315 SF multifamily property completed in 2026
- R3X zoning
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
$106,627
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
7.16%
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%
$2,132,540
$2.1M
Cap Rate 7%
$1,523,243
$1.5M
Cap Rate 9%
$1,184,744
$1.2M
Market Conditions
NOI Build-Up for 4,315 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
$165.7K $38.40/SF
− Vacancy
−$13.4K −$3.10/SF
EGI
$152.3K $35.30/SF
− OpEx
−$45.7K −$10.59/SF
NOI
$106.6K $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%
$2,132,540
Cap Rate 7%
$1,523,243
Cap Rate 9%
$1,184,744
Alternative Uses
Best Use
Multifamily LT 5
$1.52M
$1.33M – $1.78M
NOI $106,627 @ 7.0% cap · market cap 7.16%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,810 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,122 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
471
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family residence with modern finishes, separate living spaces, and rental-income potential.
Where is this duplex located?
The property is located at 351 Edgegrove Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,488,888.
What are key features of this property?
This property features: Two detached residential units, each with 3 bedrooms and 3 bathrooms; 4,315 SF multifamily property completed in 2026; R3X zoning
