Duplex with Heated Inground
For Sale
$1,989,999
Pending
361 Arbutus Avenue, Staten Island, NY 10312
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size4,032 SF
Lot Size0.31 Acres
Days on Market51
Property Features for 361 Arbutus Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
4
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 6, Bathroom 4, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 5, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3
Parking features
Driveway, Carport
Patio and Porch features
Patio
Pool private
1
Interior features
Walk-In Closet(s)
Basement
Finished, Full
Lot features
Back Yard
Subdivision
S.E. Annadale
Standard status
Pending
Size
4,032 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Annual Amount
15688
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Amenities
heated inground pool
outdoor kitchen
patio
outdoor bathroom
fireplace
Building Details
Year built
1997
Floors in Building
2
Number of units
2
Building materials
Brick, Stone, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Nicole Molinini · License #40MO1063271
(917) 940-9196
Added: Jul 20
Changed: Aug 12
Last Checked: Sep 8 at 12:06AM
MLS# 2604086
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.
Beautifully maintained two-family Colonial duplex in Staten Island’s SE Annadale, featuring over 6,048 sq ft of living space plus a full finished basement. Inside, the home offers a dramatic two-story foyer with circular stairs, an estate-sized formal living room and formal dining room, and a large eat-in kitchen with an island and breakfast nook overlooking the family room with fireplace. The second floor includes a primary suite with a five-piece bath, three additional bedrooms (including one bedroom converted to a primary walk-in closet), and a newly renovated one-bedroom apartment. The basement adds additional living space with a kitchen, a three-quarter bath, and a door leading to the yard.
Outside, enjoy a country club-style yard with a heated inground pool, outdoor kitchen with BBQ, freezer, ice, and fridge, a large patio, and an outdoor bathroom. The property also includes a large two-car garage, along with carport and driveway parking.
Built in 1997, the home is constructed with brick, stone, and vinyl siding and serviced by public sewer with natural gas hot water heating and central air. Zoned R3-2 on a 0.3134-acre lot.
Outside, enjoy a country club-style yard with a heated inground pool, outdoor kitchen with BBQ, freezer, ice, and fridge, a large patio, and an outdoor bathroom. The property also includes a large two-car garage, along with carport and driveway parking.
Built in 1997, the home is constructed with brick, stone, and vinyl siding and serviced by public sewer with natural gas hot water heating and central air. Zoned R3-2 on a 0.3134-acre lot.
Key Highlights
- Over 6,048 sq ft of living space plus a full finished basement
- Heated inground pool, outdoor kitchen with BBQ plus freezer, ice, and fridge
- 0.3134‑acre lot in R3‑2 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
$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
184
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 Colonial duplex with a heated inground pool, patio, central air, and a newly renovated one-bedroom second-floor unit.
Where is this duplex located?
The property is located at 361 Arbutus Avenue 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: Over 6,048 sq ft of living space plus a full finished basement; Heated inground pool, outdoor kitchen with BBQ plus freezer, ice, and fridge; 0.3134‑acre lot in R3‑2 zoning
