Sprawling Two-Family Ranch on South
For Sale
Contact for pricing
370 Albourne Avenue, Staten Island, NY 10309
Spacious two-family home with in-ground pool on oversized lot.
Property Size5,772 SF
Lot Size0.23 Acres
Price / SF$346.48
Days on Market172
Property Features for 370 Albourne Avenue
General Information
Standard status
Active
Size
5,772 SF
Lot size
0.23 Acres
Property subtype
Multifamily
Building Details
Year Built
1985
Listing Agency:
JM Properties
Listed By:
Victoria Cavicchio · License #10401314032
Source:
Crexi
Added: Feb 16
Changed: Jul 6
Last Checked: Aug 7 at 8:47AM
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 JM Properties
Investment Insights
Based on property information with market context.
This sprawling, all-brick two-family ranch offers exceptional space and solid construction. The property is set on an oversized 108.69' x 92.5' lot with building dimensions of 74' x 52'. The main unit features 4 bedrooms, multiple bathrooms, and a finished loft area suitable for a home office, guest space, or additional living area. The second unit offers a 2-bedroom apartment. In total, the home includes 4 full bathrooms and 1 half bath. A fully finished walk-out basement provides additional flexible living space for recreation, entertaining, or extended family use. The exterior showcases solid all-brick construction and a large private backyard complete with an in-ground pool. The property is located near shopping, schools, parks, and transportation on Staten Island's South Shore. The property size is 5772 square feet.
Key Highlights
- Spacious two‑family ranch on an oversized lot with substantial building dimensions.
- Solid all‑brick construction offering durability and classic appeal.
- Main unit features 4 bedrooms, multiple bathrooms, and a finished loft.
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
7.18%
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 7.18%
Second Best
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $128,000 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,786 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Spacious two-family home with in-ground pool on oversized lot.
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 $1,999,900.
What are key features of this property?
This property features: Spacious two‑family ranch on an oversized lot with substantial building dimensions.; Solid all‑brick construction offering durability and classic appeal.; Main unit features **4 bedrooms, multiple bathrooms, and a finished loft.**
