Brick Duplex with Finished
New
For Sale
$1,900,000
370 Albourne Avenue, Staten Island, NY 10309
MULTI_FAMILY - Contemporary, Ranch - Staten Island, NY
Property Size5,772 SF
Lot Size0.23 Acres
Price / SF$329.18
Days on Market1
Property Features for 370 Albourne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bathroom 4, Bedroom 5, Bathroom 5, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 6
Parking features
Off Street
Security features
Security System
Patio and Porch features
Patio
Pool private
1
Interior features
Walk-In Closet(s), Central Vacuum, Ceiling Fan(s)
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Princes Bay
Standard status
Active
APN
06896-0189
Size
5,772 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
14544
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Amenities
in-ground pool
Building Details
Year built
1985
Floors in Building
1
Number of units
2
Building materials
Brick
Architectural style
Ranch, Contemporary
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Victoria Cavicchio · License #10401314032
(631) 926-7909
Added: Aug 6
Last Checked: Aug 6 at 2:06PM
MLS# 2604428
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.
This two-family ranch at 370 Albourne Avenue offers 5,772 square feet of finished property on a 0.2309-acre lot. The primary residence includes four bedrooms, while the separate apartment provides two bedrooms. The layout also includes four full bathrooms, one half bath, a finished walk-out basement, and a loft area that can serve as office or supplemental living space. Brick construction, central air, natural-gas hot-water heating, central vacuum, ceiling fans, and walk-in closets add to the physical profile. The home was built in 1985 and is zoned R3X.
Outdoor features include a private backyard, patio, in-ground pool, and off-street parking. The property has public sewer service and measures approximately 108.69 feet by 92.5 feet, with building dimensions of 74 feet by 52 feet. Its Staten Island location is near shopping, schools, parks, and transportation.
Outdoor features include a private backyard, patio, in-ground pool, and off-street parking. The property has public sewer service and measures approximately 108.69 feet by 92.5 feet, with building dimensions of 74 feet by 52 feet. Its Staten Island location is near shopping, schools, parks, and transportation.
Key Highlights
- Two‑family property with 4‑bedroom main residence and separate 2‑bedroom apartment
- 5,772 square feet on a 0.2309‑acre lot
- Finished walk‑out basement plus loft area
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
$143,539
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
7.55%
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%
$2,870,780
$2.9M
Cap Rate 7%
$2,050,557
$2.1M
Cap Rate 9%
$1,594,878
$1.6M
Market Conditions
NOI Build-Up for 5,772 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
$214.7K $37.20/SF
− Vacancy
−$9.7K −$1.67/SF
EGI
$205.1K $35.53/SF
− OpEx
−$61.5K −$10.66/SF
NOI
$143.5K $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%
$2,870,780
Cap Rate 7%
$2,050,557
Cap Rate 9%
$1,594,878
Alternative Uses
Best Use
Multifamily LT 5
$2.05M
$1.79M – $2.39M
NOI $143,539 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $128,000 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,786 @ 7.0% cap · market cap 10.15%
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
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 - Two-family ranch with a private backyard, in-ground pool, and walk-out lower level.
Where is this duplex located?
The property is located at 370 Albourne Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Two‑family property with 4‑bedroom main residence and separate 2‑bedroom apartment; 5,772 square feet on a 0.2309‑acre lot; Finished walk‑out basement plus loft area
