Two-Family Duplex with Detached
For Sale
$1,668,888
388 Arden Avenue, Staten Island, NY 10312
Residential Income, Staten Island, NY
Property Size2,988 SF
Lot Size0.16 Acres
Price / SF$558.53
Days on Market94
Property Features for 388 Arden Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3X
Bedrooms
6
Bathrooms
5
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 3
Parking features
Driveway
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Woodrow
Standard status
Active
Size
2,988 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
4526
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
2026
Floors in Building
2
Number of units
2
Building materials
Stone, Stucco, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Chia Chen · License #10401317469
(917) 853-8800
Added: Jun 2
Changed: Aug 29
Last Checked: Sep 3 at 4:06PM
MLS# 2603093
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 Colonial-style duplex is under construction and is planned as a two-family residence with 2,988 square feet of building area. The main residence includes 3 bedrooms and 3 bathrooms, while the second-floor apartment provides 3 bedrooms and 2 bathrooms. Attic storage adds functional space, and the property includes a detached garage and an extended driveway.
The lot measures 0.1618 acres, with the source information also describing it as over 7,000 SQ FT. Heating is provided by forced air and electric systems, with central air conditioning. The property is served by a septic tank and carries R3X zoning. Located in Woodrow, the residence offers access to Highway 440 within a few ways.
The lot measures 0.1618 acres, with the source information also describing it as over 7,000 SQ FT. Heating is provided by forced air and electric systems, with central air conditioning. The property is served by a septic tank and carries R3X zoning. Located in Woodrow, the residence offers access to Highway 440 within a few ways.
Key Highlights
- Two‑family duplex with 2,988 square feet of building area
- Main residence includes 3 bedrooms and 3 bathrooms
- Second‑floor apartment offers 3 bedrooms and 2 bathrooms
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
$73,836
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
4.42%
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%
$1,476,720
$1.5M
Cap Rate 7%
$1,054,800
$1.1M
Cap Rate 9%
$820,400
$820.4K
Market Conditions
NOI Build-Up for 2,988 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
$114.7K $38.40/SF
− Vacancy
−$9.3K −$3.10/SF
EGI
$105.5K $35.30/SF
− OpEx
−$31.6K −$10.59/SF
NOI
$73.8K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,476,720
Cap Rate 7%
$1,054,800
Cap Rate 9%
$820,400
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$923.0K – $1.23M
NOI $73,836 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$928.0K
$812.0K – $1.08M
NOI $64,960 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,800 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - Under-construction duplex with two residential units, attic storage, and driveway parking.
Where is this duplex located?
The property is located at 388 Arden Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,668,888.
What are key features of this property?
This property features: Two‑family duplex with 2,988 square feet of building area; Main residence includes 3 bedrooms and 3 bathrooms; Second‑floor apartment offers 3 bedrooms and 2 bathrooms
