Renovated Duplex with Additional
For Sale
$785,000
Pending
362 Garretson Ave, Staten Island, NY 10305
Two-family property featuring an updated first-floor residence and an additional lot included in the sale.
Property Size1,512 SF
Days on Market90
Property Features for 362 Garretson Ave
General Information
Standard status
Pending
Size
1,512 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1915
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Brian McGowan · License #10401248838
(718) 987-7900
Source:
Statenislandhomelistings
Added: Jul 22
Changed: Oct 1
Last Checked: Oct 19 at 7:09AM
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.
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Investment Insights
Based on property information with market context.
This duplex property contains two residential units, with the first-floor residence renovated and ready for occupancy. The sale also includes an additional lot, providing a larger combined property configuration. The property was built in 1915 and is identified as Lots 123 and 46.
The parcel extends from Garretson Ave to Seaview Ave in Staten Island. The address is 362 Garretson Ave, Staten Island, NY 10305. Any future development considerations should be evaluated with an architect.
The parcel extends from Garretson Ave to Seaview Ave in Staten Island. The address is 362 Garretson Ave, Staten Island, NY 10305. Any future development considerations should be evaluated with an architect.
Key Highlights
- Two‑family duplex property with 1,512 SF
- Renovated first‑floor unit ready for occupancy
- Additional lot included with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,698
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,960
$794.0K
Cap Rate 7%
$567,114
$567.1K
Cap Rate 9%
$441,089
$441.1K
Market Conditions
NOI Build-Up for 1,512 SF
Gross rent
$61.7K $40.80/SF
− Vacancy
−$5.0K −$3.29/SF
EGI
$56.7K $37.51/SF
− OpEx
−$17.0K −$11.25/SF
NOI
$39.7K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$793,960
Cap Rate 7%
$567,114
Cap Rate 9%
$441,089
Alternative Uses
Best Use
Multifamily LT 5
$567.1K
$496.2K – $661.6K
NOI $39,698 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$521.8K
$456.6K – $608.7K
NOI $36,524 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$721.4K
$631.3K – $841.7K
NOI $50,501 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property featuring an updated first-floor residence and an additional lot included in the sale.
Where is this duplex located?
The property is located at 362 Garretson Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two‑family duplex property with 1,512 SF; Renovated first‑floor unit ready for occupancy; Additional lot included with the sale
