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Four-Home Multifamily Development
For Sale
$1,199,999
Pending

376 Atlantic Ave, Staten Island, NY 10305

Semi-attached residences offer finished basements, separate entrances, and off-street parking for multiple vehicles.

Property Size1,900 SF
Days on Market254

Property Features for 376 Atlantic Ave

General Information

Standard status Pending
Size 1,900 SF
Property subtype Multi-Family

Additional Details

Highway Access Yes
Multifamily Units 4

Building Details

Year Built 2026
Buildings 4
Construction brick
Listing Agency: Robert DeFalco Realty, Inc.
Listed By: Francis A Shearon · License #10301218348
Source: Statenislandhomelistings
Added: Feb 15 Changed: Oct 25 Last Checked: Oct 26 at 4:30PM

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.

Rey
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Investment Insights

Based on property information with market context.

Atlantic Estates comprises 4 single-family semi-attached residences in the Dongan Hills area of Staten Island. The homes occupy 25 x 100 lots, with 19 x 50 building footprints, and were built in 2026. Interior features include hardwood flooring, recessed lighting, full brick façades, 4 bedrooms on the top floor, and 4 bathrooms finished with imported Italian tile. Each residence also includes a fully finished, tiled basement with a separate side entrance. Off-street parking accommodates multiple vehicles, and the property has no HOA fees. The address is 376 Atlantic Ave, Staten Island, NY 10305, with access to the Verrazano Bridge described as minutes away.

Key Highlights

  • 4 single‑family semi‑attached homes in the Atlantic Estates development
  • 25 x 100 lots with 19 x 50 building footprints
  • 4 bedrooms on the top floor and 4 bathrooms throughout each residence

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$45,896
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,920 $917.9K
Cap Rate 7%
$655,657 $655.7K
Cap Rate 9%
$509,956 $510.0K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$91.2K $48.00/SF
− Vacancy
−$7.8K −$4.08/SF
EGI
$83.4K $43.92/SF
− OpEx
−$37.6K −$19.76/SF
NOI
$45.9K $24.16/SF
Area
ZIP 10305
Vacancy
8.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,920
Cap Rate 7%
$655,657
Cap Rate 9%
$509,956

Alternative Uses

Best Use
Apartment 5plus
$655.7K
$573.7K – $764.9K (±1% cap)
NOI $45,896 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$906.6K
$793.3K – $1.06M (±1% cap)
NOI $63,460 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,481
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - Semi-attached residences offer finished basements, separate entrances, and off-street parking for multiple vehicles.
Where is this multifamily property located?
The property is located at 376 Atlantic Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: 4 single‑family semi‑attached homes in the Atlantic Estates development; 25 x 100 lots with 19 x 50 building footprints; 4 bedrooms on the top floor and 4 bathrooms throughout each residence
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