Two-Family Duplex With Finished
For Sale
$1,098,000
380 Elverton Avenue, Staten Island, NY 10308
Residential, Colonial, Staten Island, NY
Property Size2,244 SF
Lot Size0.10 Acres
Price / SF$489.30
Days on Market13
Property Features for 380 Elverton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3
Parking features
Garage
Patio and Porch features
Deck
Interior features
A/C Unit - Wall, Central Air, Deck, Dishwasher, Garage Door Opener(s), Microwave, Pool, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Great Kill
Standard status
Active
Size
2,244 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7678
Amenities
above-ground pool
wood deck
finished basement
laundry space
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Flooring type
Ceramic, Tile, Hardwood
Roof type
Asphalt
Architectural style
Colonial
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Xiao (Emma) Zhu
(718) 612-3088
Added: Sep 9
Changed: Sep 16
Last Checked: Sep 21 at 7:06PM
MLS# 504405
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 2,244-square-foot Colonial duplex was built in 1965 and includes two separate living areas. The primary residence has three bedrooms, a modernized kitchen, hardwood and ceramic flooring, crown molding, recessed lighting, and rear deck access. The additional ground-level unit provides a living room, bedroom, full bath, kitchen cabinetry, and an independent entry. A finished basement adds a recreation room with bar seating, office space, laundry area, half bath, high ceilings, large windows, a separate entrance, and yard access.
The property occupies a 0.0964-acre corner lot with a built-in garage, deck, and above-ground pool. Andersen windows were installed approximately 4 years ago. The R3-1 zoning is supported by proximity to Staten Island Mall, shopping, dining, parks, educational options, Great Kills SIR station, and the S79 bus to Brooklyn.
The property occupies a 0.0964-acre corner lot with a built-in garage, deck, and above-ground pool. Andersen windows were installed approximately 4 years ago. The R3-1 zoning is supported by proximity to Staten Island Mall, shopping, dining, parks, educational options, Great Kills SIR station, and the S79 bus to Brooklyn.
Key Highlights
- 2,244‑square‑foot duplex on a 0.0964‑acre corner lot
- 42' x 100' lot with a 26' x 47' building structure
- Finished basement with recreation room, office, laundry area, half bath, and separate entrance
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
$55,804
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
5.08%
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%
$1,116,080
$1.1M
Cap Rate 7%
$797,200
$797.2K
Cap Rate 9%
$620,044
$620.0K
Market Conditions
NOI Build-Up for 2,244 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
$83.5K $37.20/SF
− Vacancy
−$3.8K −$1.67/SF
EGI
$79.7K $35.53/SF
− OpEx
−$23.9K −$10.66/SF
NOI
$55.8K $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%
$1,116,080
Cap Rate 7%
$797,200
Cap Rate 9%
$620,044
Alternative Uses
Best Use
Multifamily LT 5
$797.2K
$697.6K – $930.1K
NOI $55,804 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$710.9K
$622.0K – $829.4K
NOI $49,763 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.07M
$936.9K – $1.25M
NOI $74,950 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Colonial duplex with separate entrances, a built-in garage, outdoor deck, and above-ground pool.
Where is this duplex located?
The property is located at 380 Elverton Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: 2,244‑square‑foot duplex on a 0.0964‑acre corner lot; 42' x 100' lot with a 26' x 47' building structure; Finished basement with recreation room, office, laundry area, half bath, and separate entrance
