Under-Construction Duplex with
For Sale
$1,180,000
399 Patterson Ave, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size3,450 SF
Lot Size0.07 Acres
Price / SF$342.03
Days on Market61
Property Features for 399 Patterson Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 6, Bathroom 4, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 1
Subdivision
Midland Beach
Standard status
Active
Size
3,450 SF
Lot size
0.07 Acres
Amenities
in-unit laundry
private driveway
rooftop solar panels
high ceilings
Building Details
Year built
2026
Floors in Building
3
Listing Agency:
B SQUARE REALTY
Listed By:
Zewei Li
(718) 939-8388
Added: Aug 28
Changed: Oct 20
Last Checked: Oct 27 at 12:06AM
MLS# 11956114
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This under-construction duplex is planned as a semi-attached two-family residence with three above-ground levels. The property offers approximately 3,450 square feet of total building area, including about 2,250 square feet of livable space on a 3,000-square-foot lot. Each residential unit is designed with three bedrooms and two full bathrooms. The second-floor unit includes in-unit laundry, a separate heating and cooling system, and a living room with a double-height ceiling. The third-floor unit also includes in-unit laundry and its own heating and cooling system. The ground level provides approximately 1,250 square feet of above-grade storage with front and rear entrances.
Additional features include high ceilings, a private driveway, rooftop solar panels, and energy-efficient construction. Located at 399 Patterson Ave in Staten Island, the property is near the beach and boardwalk, with parks, dining, and transportation nearby. Completion is projected for 2026, and certain finishes may remain subject to customization during construction.
Additional features include high ceilings, a private driveway, rooftop solar panels, and energy-efficient construction. Located at 399 Patterson Ave in Staten Island, the property is near the beach and boardwalk, with parks, dining, and transportation nearby. Completion is projected for 2026, and certain finishes may remain subject to customization during construction.
Key Highlights
- Approximately 3,450 sq. ft. total building area on 3,000 sq. ft. of land
- Two units with 6 bedrooms and 4 full bathrooms total
- Approximately 2,250 sq. ft. of livable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,580
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,811,600
$1.8M
Cap Rate 7%
$1,294,000
$1.3M
Cap Rate 9%
$1,006,444
$1.0M
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$140.8K $40.80/SF
− Vacancy
−$11.4K −$3.29/SF
EGI
$129.4K $37.51/SF
− OpEx
−$38.8K −$11.25/SF
NOI
$90.6K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,811,600
Cap Rate 7%
$1,294,000
Cap Rate 9%
$1,006,444
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,580 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,338 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,231 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,810
Businesses Nearby
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Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - Two residential units provide separate heating and cooling systems, in-unit laundry, and three bedrooms each.
Where is this duplex located?
The property is located at 399 Patterson Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,180,000.
What are key features of this property?
This property features: Approximately 3,450 sq. ft. total building area on 3,000 sq. ft. of land; Two units with 6 bedrooms and 4 full bathrooms total; Approximately 2,250 sq. ft. of livable area
