New-Construction Duplex with Solar
For Sale
$1,590,000
403 Patterson Ave, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size5,523 SF
Lot Size0.14 Acres
Price / SF$287.89
Days on Market51
Property Features for 403 Patterson Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning description
Residential
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bedroom 6, Bathroom 4, Bedroom 7, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 8, Bathroom 2, Bathroom 6, Bedroom 3, Bedroom 5, Bathroom 5, Bathroom 1
Subdivision
Midland Beach
Standard status
Active
Size
5,523 SF
Lot size
0.14 Acres
Utilities
Water source
Public
Building Details
Year built
2026
Floors in Building
3
Flooring type
Hardwood
Listing Agency:
B SQUARE REALTY
Listed By:
Zewei Li
(718) 939-8388
Added: Sep 2
Changed: Oct 20
Last Checked: Oct 22 at 10:06AM
MLS# 11962257
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 detached duplex is under construction and planned as a legal two-family residence with three above-ground levels. The property provides 5,523 square feet of total building area, including 3,682 square feet of residential living space and 1,841 square feet of first-floor storage. Each dwelling is designed with four bedrooms, three full bathrooms, and a laundry room, for a combined total of 8 bedrooms and 6 full bathrooms. Hardwood flooring, high ceilings, contemporary finishes, rooftop solar panels, and energy-efficient construction are included. A dedicated driveway and front and rear entrances add practical functionality.
Located at 403 Patterson Ave in Staten Island, the property sits on a 6,280-square-foot lot and uses public water. The beach and boardwalk are minutes away, with parks, dining, shopping, and transportation also nearby. Construction-related features, finishes, and selections may remain customizable depending on project progress and required approval.
Located at 403 Patterson Ave in Staten Island, the property sits on a 6,280-square-foot lot and uses public water. The beach and boardwalk are minutes away, with parks, dining, shopping, and transportation also nearby. Construction-related features, finishes, and selections may remain customizable depending on project progress and required approval.
Key Highlights
- Legal two‑family residence under construction, planned for completion in 2026
- 5,523 square feet of total building area on a 6,280‑square‑foot lot
- 8 bedrooms and 6 full bathrooms; each unit includes 4 bedrooms and 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,008
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,900,160
$2.9M
Cap Rate 7%
$2,071,543
$2.1M
Cap Rate 9%
$1,611,200
$1.6M
Market Conditions
NOI Build-Up for 5,523 SF
Gross rent
$225.3K $40.80/SF
− Vacancy
−$18.2K −$3.29/SF
EGI
$207.2K $37.51/SF
− OpEx
−$62.1K −$11.25/SF
NOI
$145.0K $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%
$2,900,160
Cap Rate 7%
$2,071,543
Cap Rate 9%
$1,611,200
Alternative Uses
Best Use
Multifamily LT 5
$2.07M
$1.81M – $2.42M
NOI $145,008 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$1.91M
$1.67M – $2.22M
NOI $133,414 @ 7.0% cap · market cap 8.39%
Theoretical Best
Office A
$2.64M
$2.31M – $3.07M
NOI $184,469 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,844
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 legal dwelling units offer flexible layouts, private laundry, hardwood flooring, and dedicated driveway access.
Where is this duplex located?
The property is located at 403 Patterson Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Legal two‑family residence under construction, planned for completion in 2026; 5,523 square feet of total building area on a 6,280‑square‑foot lot; 8 bedrooms and 6 full bathrooms; each unit includes 4 bedrooms and 3 bathrooms
