Tenant-Occupied
For Sale
$849,000
389 Britton Ave, Staten Island, NY 10304
Both residences are occupied by tenants, with the property configured as a two-family home.
Property Size1,408 SF
Price / SF$602.98
Days on Market14
Property Features for 389 Britton Ave
General Information
Standard status
Active
Size
1,408 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$72,000
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1935
Listing Agency:
Ashford Homes LLC
Listed By:
Njoek Kong Tjon · License #10401380276
(929) 364-1301
Source:
Statenislandhomelistings
Added: Oct 24
Changed: Nov 1
Last Checked: Nov 4 at 2:25PM
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 Ashford Homes LLC
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Investment Insights
Based on property information with market context.
Built in 1935, this 1,408-square-foot duplex contains two residential units. Both units are tenant-occupied, establishing the current configuration as a two-family rental property.
Key Highlights
- Two residential units, both tenant‑occupied
- 1,408 square feet
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,793
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,860
$695.9K
Cap Rate 7%
$497,043
$497.0K
Cap Rate 9%
$386,589
$386.6K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$54.1K $38.40/SF
− Vacancy
−$4.4K −$3.10/SF
EGI
$49.7K $35.30/SF
− OpEx
−$14.9K −$10.59/SF
NOI
$34.8K $24.71/SF
Area
ZIP 10304
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 Rate 5%
$695,860
Cap Rate 7%
$497,043
Cap Rate 9%
$386,589
Alternative Uses
Best Use
Multifamily LT 5
$497.0K
$434.9K – $579.9K
NOI $34,793 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$455.5K
$398.6K – $531.4K
NOI $31,886 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$671.8K
$587.9K – $783.8K
NOI $47,028 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied by tenants, with the property configured as a two-family home.
Where is this duplex located?
The property is located at 389 Britton Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two residential units, both tenant‑occupied; 1,408 square feet; Built in 1935
