Colonial Two-Family Duplex with Heated
For Sale
$1,490,000
Pending
365 Albourne Avenue, Staten Island, NY 10309
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size3,200 SF
Lot Size0.13 Acres
Days on Market47
Property Features for 365 Albourne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 5, Bedroom 3, Bedroom 1
Parking features
Off Street, Driveway
Security features
Security System
Patio and Porch features
Patio
Pool private
1
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Fencing
Fenced
Basement
Full, Finished
Lot features
Back Yard
Subdivision
Princes Bay
Standard status
Pending
APN
6900-45
Size
3,200 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
11200
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Amenities
gas fireplace
custom eat-in kitchen
high-end appliances
finished basement
in-ground heated saltwater pool
hot tub
covered dining area
Lutron dimming system
gas hookup for BBQ
central air
Building Details
Year built
2001
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Master Associates Inc.
(718) 987-3000
Listed By:
Ann Coppola
(917) 374-6849
Added: Jul 9
Changed: Aug 2
Last Checked: Aug 24 at 7:06PM
MLS# 2603875
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.
Custom-built Colonial two-family duplex on a fenced lot, built in 2001. The main home features four bedrooms and four baths, with a living room, dining room, family room with gas fireplace, and a custom eat-in kitchen with premium Neff cabinetry, high-end stainless appliances, granite tops, and tile flooring. Heating includes radiant heat under tile surfaces and baseboard hot water, with 6 zones of heating in the main apartment. The home also includes central air, a sprinkler system, and a Lutron dimming system on the first floor. The finished basement provides recreation space, a 3/4 bath, utilities, and an exit to the yard.
Outside, the backyard includes a 14 x 28 heated in-ground saltwater pool, hot tub, and an expansive patio with covered dining.
A separate one-bedroom apartment adds additional flexibility, with its own private entrance, living room, eat-in kitchen, bedroom, full bath, washer/dryer, central air, and separate utilities. Off-street parking is available via a driveway.
Outside, the backyard includes a 14 x 28 heated in-ground saltwater pool, hot tub, and an expansive patio with covered dining.
A separate one-bedroom apartment adds additional flexibility, with its own private entrance, living room, eat-in kitchen, bedroom, full bath, washer/dryer, central air, and separate utilities. Off-street parking is available via a driveway.
Key Highlights
- 0.1309‑acre lot with fenced yard
- 14 x 28 heated in‑ground saltwater pool and hot tub
- Built in 2001 with brick and vinyl siding
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
$79,578
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
5.34%
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%
$1,591,560
$1.6M
Cap Rate 7%
$1,136,829
$1.1M
Cap Rate 9%
$884,200
$884.2K
Market Conditions
NOI Build-Up for 3,200 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
$119.0K $37.20/SF
− Vacancy
−$5.4K −$1.67/SF
EGI
$113.7K $35.53/SF
− OpEx
−$34.1K −$10.66/SF
NOI
$79.6K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,591,560
Cap Rate 7%
$1,136,829
Cap Rate 9%
$884,200
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$994.7K – $1.33M
NOI $79,578 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$1.01M
$887.0K – $1.18M
NOI $70,963 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $106,881 @ 7.0% cap · market cap 7.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Custom-built two-family colonial includes a separate one-bedroom apartment with central air and own utilities.
Where is this duplex located?
The property is located at 365 Albourne Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: 0.1309‑acre lot with fenced yard; 14 x 28 heated in‑ground saltwater pool and hot tub; Built in 2001 with brick and vinyl siding
