Colonial Duplex with Flexible
New
For Sale
$798,000
396 Bement Avenue, Staten Island, NY 10310
Residential Income, Staten Island, NY
Property Size2,157 SF
Lot Size0.15 Acres
Price / SF$369.96
Days on Market1
Property Features for 396 Bement Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking features
Driveway, On Street
Interior features
Walk-In Closet(s)
Basement
Full, Unfinished
Lot features
Front Yard, Back Yard
Subdivision
West Brighton
Standard status
Active
APN
00165-00649
Size
2,157 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
5275
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Building Details
Year built
1930
Floors in Building
3
Number of units
2
Building materials
Aluminum Siding, Stone
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Staten Island
(718) 766-7159
Listed By:
Jeanette Rasmussen
(917) 217-0599
Added: Sep 21
Last Checked: Sep 21 at 5:06PM
MLS# 2605270
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.
Built in 1930, this Colonial-style duplex contains 2,157 square feet on a 0.1492-acre lot. The three-level layout includes a one-bedroom, one-bath first-floor arrangement with a large living room and sunroom; a second floor with a kitchen, new three-quarter bath, fireplace, and additional room; and a third floor with three bedrooms and plumbing in place for a third bathroom. Interior features include walk-in closet space, while aluminum siding and stone comprise the exterior.
The property is located at 396 Bement Avenue in Staten Island’s 10310 postal area. It has R3A zoning, public sewer, steam heat powered by natural gas, and parking through a driveway and on-street spaces. The surrounding area includes restaurants, places of worship, banking, schools, and access to transportation near Forest Avenue.
The property is located at 396 Bement Avenue in Staten Island’s 10310 postal area. It has R3A zoning, public sewer, steam heat powered by natural gas, and parking through a driveway and on-street spaces. The surrounding area includes restaurants, places of worship, banking, schools, and access to transportation near Forest Avenue.
Key Highlights
- 2,157‑square‑foot Colonial duplex built in 1930
- 0.1492‑acre lot with R3A zoning
- Three‑level layout with three bedrooms on the third floor
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
$53,641
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
6.72%
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%
$1,072,820
$1.1M
Cap Rate 7%
$766,300
$766.3K
Cap Rate 9%
$596,011
$596.0K
Market Conditions
NOI Build-Up for 2,157 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
$80.2K $37.20/SF
− Vacancy
−$3.6K −$1.67/SF
EGI
$76.6K $35.53/SF
− OpEx
−$23.0K −$10.66/SF
NOI
$53.6K $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%
$1,072,820
Cap Rate 7%
$766,300
Cap Rate 9%
$596,011
Alternative Uses
Best Use
Multifamily LT 5
$766.3K
$670.5K – $894.0K
NOI $53,641 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$683.3K
$597.9K – $797.2K
NOI $47,834 @ 7.0% cap · market cap 5.99%
Theoretical Best
Office A
$1.03M
$900.6K – $1.20M
NOI $72,044 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,847
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
Median Home Value
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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 - R3A zoning, driveway parking, and public sewer support the property’s residential configuration.
Where is this duplex located?
The property is located at 396 Bement Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: 2,157‑square‑foot Colonial duplex built in 1930; 0.1492‑acre lot with R3A zoning; Three‑level layout with three bedrooms on the third floor
