New Construction
For Sale
$1,488,888
Pending
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
Days on Market214
Property Features for 351 Edgegrove Avenue
General Information
Standard status
Pending
Size
4,315 SF
Property subtype
MultiFamily
Zoning
R3X
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Amenities
Eat In
Walk-In Closet(s)
Full Bath
Electric
Forced Air
Combination
6.00
Central Air
Stone, Vinyl Siding
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Our Island Real Estate, Inc.
Listed By:
Jonathan Bruno · License #10301219465
(347) 512-6080
Source:
Compass
Added: Mar 11
Changed: Sep 2
Last Checked: Oct 9 at 11:07PM
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 Island 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 / Yr
$106,627
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
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
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 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
