Duplex With Heated
For Sale
$1,989,999
361 Arbutus Ave, Staten Island, NY 10312
Two-family property with finished basement, outdoor kitchen, and a renovated one-bedroom apartment.
Property Size4,032 SF
Price / SF$493.55
Days on Market44
Property Features for 361 Arbutus Ave
General Information
Standard status
Active
Size
4,032 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
heated inground pool
outdoor kitchen
BBQ
patio
outdoor bathroom
fireplace
Building Details
Year Built
1997
Buildings
1
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Nicole Molinini · License #40MO1063271
Source:
Statenislandhomelistings
Added: Jul 18
Changed: Aug 28
Last Checked: Aug 29 at 10:27AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 1997, this duplex includes a two-story entry foyer, circular staircase, formal living and dining rooms, and an eat-in kitchen with island and breakfast nook. The kitchen opens to a family room with fireplace, while the finished basement provides an additional kitchen, 3/4 bath, living area, and direct yard access.
Outdoor improvements include a heated inground pool, patio, outdoor kitchen with BBQ, freezer, ice maker, and refrigerator, plus an exterior bathroom. The second floor contains a primary suite with a five-piece bath and three additional bedrooms, including one converted to a primary walk-in closet. A newly renovated one-bedroom apartment is also located on the second floor. The property includes a large two-car garage and is located at 361 Arbutus Ave in Staten Island, NY 10312.
Outdoor improvements include a heated inground pool, patio, outdoor kitchen with BBQ, freezer, ice maker, and refrigerator, plus an exterior bathroom. The second floor contains a primary suite with a five-piece bath and three additional bedrooms, including one converted to a primary walk-in closet. A newly renovated one-bedroom apartment is also located on the second floor. The property includes a large two-car garage and is located at 361 Arbutus Ave in Staten Island, NY 10312.
Key Highlights
- Two‑family duplex built in 1997
- Heated inground pool with patio and outdoor bathroom
- Outdoor kitchen with BBQ, freezer, ice maker, and refrigerator
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
$99,634
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
5.01%
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%
$1,992,680
$2.0M
Cap Rate 7%
$1,423,343
$1.4M
Cap Rate 9%
$1,107,044
$1.1M
Market Conditions
NOI Build-Up for 4,032 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
$154.8K $38.40/SF
− Vacancy
−$12.5K −$3.10/SF
EGI
$142.3K $35.30/SF
− OpEx
−$42.7K −$10.59/SF
NOI
$99.6K $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%
$1,992,680
Cap Rate 7%
$1,423,343
Cap Rate 9%
$1,107,044
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.25M – $1.66M
NOI $99,634 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$1.25M
$1.10M – $1.46M
NOI $87,657 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,670 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
267
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 - Two-family property with finished basement, outdoor kitchen, and a renovated one-bedroom apartment.
Where is this duplex located?
The property is located at 361 Arbutus Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,989,999.
What are key features of this property?
This property features: Two‑family duplex built in 1997; Heated inground pool with patio and outdoor bathroom; Outdoor kitchen with BBQ, freezer, ice maker, and refrigerator
