Two-Family Side-Hall
395 Chelsea Street Staten Island, NY 10307
For Sale
Contact for pricing
Pending
Side-hall two-family home with an in-ground saltwater pool and two driveways, plus a one-bedroom apartment above the garage.
Property Size2,800 SF
Days on Market169
Property Features for 395 Chelsea Street
General Information
- Standard status
- Pending
- Size
- 2,800 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1988
Listing Agency:
DiTommaso Real Estate
Listed By:
Lori Ficarra · License #10401318951
Source:
Crexi
Added: Feb 5
Changed: Jul 20
Last Checked: Jul 23 at 4:29PM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This two-family side-hall Colonial offers flexible living across multiple levels. The main residence features a sunken formal living room, formal dining room, renovated eat-in kitchen, and a cozy family room with a gas fireplace. There are three bedrooms plus a finished walk-up attic, which can function as a fourth bedroom, guest suite, home office, or other flex space. The primary bedroom includes two closets, a full private bath, and sliding doors to a private balcony, and an additional full bathroom completes the second floor. The former garage has been converted into a laundry and storage room, and the home sits on a slab foundation. A one-bedroom apartment is located above the garage.
Outside, there is a private backyard retreat with an in-ground saltwater pool. The property provides two driveways for off-street parking. It is described as located on a quiet block in Tottenville, with access to Billop Avenue and Conference House Park, and convenient proximity to the bridge/expressway and shopping along Veterans Road.
Overall, the layout supports both owner-occupancy and rental use, with dedicated living space for the one-bedroom apartment above the garage.
Outside, there is a private backyard retreat with an in-ground saltwater pool. The property provides two driveways for off-street parking. It is described as located on a quiet block in Tottenville, with access to Billop Avenue and Conference House Park, and convenient proximity to the bridge/expressway and shopping along Veterans Road.
Overall, the layout supports both owner-occupancy and rental use, with dedicated living space for the one-bedroom apartment above the garage.
Key Highlights
- Two‑family side‑hall Colonial built in 1988, on a slab foundation, with a one‑bedroom apartment above the garage
- Main residence features 3 bedrooms plus a finished walk‑up attic that can serve as a 4th bedroom, guest suite, home office, or flex space
- Renovated eat‑in kitchen; sunken formal living room, formal dining room, and a family room with gas fireplace (currently used as a playroom)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.2k | $37.20 |
| − Vacancy | −$4.7k | −$1.67 |
| EGI | $99.5k | $35.53 |
| − OpEx | −$29.8k | −$10.66 |
| NOI | $69.6k | $24.87 |
2,800 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$994.7K
$870.4K – $1.16M
NOI $69,631 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$887.0K
$776.2K – $1.03M
NOI $62,093 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,521 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Side-hall two-family home with an in-ground saltwater pool and two driveways, plus a one-bedroom apartment above the garage.
Where is this duplex located?
The property is located at 395 Chelsea Street 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: Two‑family side‑hall Colonial built in 1988, on a slab foundation, with a one‑bedroom apartment above the garage; Main residence features 3 bedrooms plus a finished walk‑up attic that can serve as a 4th bedroom, guest suite, home office, or flex space; Renovated eat‑in kitchen; sunken formal living room, formal dining room, and a family room with gas fireplace (currently used as a playroom)
