Detached Two-Family
For Sale
$600,000
Pending
380 Pulaski Ave, Staten Island, NY 10303
Detached two-family home with a private driveway, full basement, and stand-up attic requiring renovation, sold as-is.
Property Size2,376 SF
Lot Size0.12 Acres
Days on Market415
Property Features for 380 Pulaski Ave
General Information
Standard status
Pending
Size
2,376 SF
Lot size
0.12 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Stories
2
Listing Agency:
RE/MAX Central
Listed By:
Jose Paucar · License #10301219825
(732) 972-1000
Source:
Statenislandhomelistings
Added: Jul 23, 2025
Changed: Sep 9
Last Checked: Sep 9 at 11:22AM
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 RE/MAX Central
Investment Insights
Based on property information with market context.
This detached two-family residence offers a full basement and a large stand-up attic running the length of the home, with a staircase connecting the attic to the basement. The current configuration features a 6-room over 5-room layout, providing substantial interior space for renovation, redesign, or expansion. The property is equipped with a forced hot air heating system, gas boiler, and a hot water tank.
Set on a private-driveway lot with a quiet residential street setting, the home is described as minutes to Forest Avenue shops, buses, and major highways, including 440, with access to the Bayonne Bridge and Goethals Bridge.
The seller is offering the property as-is, and the listing notes that cash or hard money buyers are preferred due to the needed renovation.
Set on a private-driveway lot with a quiet residential street setting, the home is described as minutes to Forest Avenue shops, buses, and major highways, including 440, with access to the Bayonne Bridge and Goethals Bridge.
The seller is offering the property as-is, and the listing notes that cash or hard money buyers are preferred due to the needed renovation.
Key Highlights
- Detached 2‑family home built in 1930 on an oversized lot measuring 129' deep x 37' wide (front) and 46' wide (back)
- 6‑room over 5‑room layout with a full basement; sold as‑is and requiring renovation
- Huge stand‑up attic runs the full length of the house, with a staircase connecting attic to the basement
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
$52,690
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
8.78%
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%
$1,053,800
$1.1M
Cap Rate 7%
$752,714
$752.7K
Cap Rate 9%
$585,444
$585.4K
Market Conditions
NOI Build-Up for 2,376 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
$99.8K $42.00/SF
− Vacancy
−$4.0K −$1.68/SF
EGI
$95.8K $40.32/SF
− OpEx
−$43.1K −$18.14/SF
NOI
$52.7K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,053,800
Cap Rate 7%
$752,714
Cap Rate 9%
$585,444
Alternative Uses
Best Use
Multifamily LT 5
$844.1K
$738.6K – $984.8K
NOI $59,087 @ 7.0% cap · market cap 9.85%
Second Best
Apartment 5plus
$752.7K
$658.6K – $878.2K
NOI $52,690 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$1.13M
$992.0K – $1.32M
NOI $79,359 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,349
Businesses Nearby
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Detached two-family home with a private driveway, full basement, and stand-up attic requiring renovation, sold as-is.
Where is this duplex located?
The property is located at 380 Pulaski Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Detached 2‑family home built in 1930 on an oversized lot measuring 129' deep x 37' wide (front) and 46' wide (back); 6‑room over 5‑room layout with a full basement; sold as‑is and requiring renovation; Huge stand‑up attic runs the full length of the house, with a staircase connecting attic to the basement
