Two-Family Duplex with
New
For Sale
$875,000
404 Edgegrove Ave, Staten Island, NY 10312
Includes a separate two-bedroom apartment with private side access.
Property Size2,450 SF
Lot Size0.14 Acres
Price / SF$357.14
Days on Market7
Property Features for 404 Edgegrove Ave
General Information
Standard status
Active
Size
2,450 SF
Lot size
0.14 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 4BR/1.5BA, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,532
Building Details
Building Size
2,450 SF
Year Built
1975
Buildings
1
Stories
2
Listing Agency:
The CS Organization
(718) 439-1110
Listed By:
Christopher J. Calabrese · License #10311208254
(718) 439-1110
Source:
Elliman
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 10:14AM
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 The CS Organization
Investment Insights
Based on property information with market context.
Located at 404 Edgegrove Avenue in Staten Island, this 1975 two-family residence contains approximately 2,450 square feet of living area on a 5,960-square-foot lot. The primary dwelling provides four bedrooms and one-and-a-half baths, while a separate two-bedroom apartment has its own side entrance.
Additional features include an unfinished full basement, private driveway, and built-in garage. The home also offers substantial storage through closets and basement space, along with abundant windows throughout the residence. Walk Score is 65, Transit Score is 52, and Bike Score is 40, reflecting access to nearby transportation and everyday services.
Additional features include an unfinished full basement, private driveway, and built-in garage. The home also offers substantial storage through closets and basement space, along with abundant windows throughout the residence. Walk Score is 65, Transit Score is 52, and Bike Score is 40, reflecting access to nearby transportation and everyday services.
Key Highlights
- Two‑family duplex with approximately 2,450 SF of living area
- 5,960 SF lot at 404 Edgegrove Ave, Staten Island, NY 10312
- Primary residence includes 4 bedrooms and 1.5 baths
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
$60,541
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
6.92%
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%
$1,210,820
$1.2M
Cap Rate 7%
$864,871
$864.9K
Cap Rate 9%
$672,678
$672.7K
Market Conditions
NOI Build-Up for 2,450 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
$94.1K $38.40/SF
− Vacancy
−$7.6K −$3.10/SF
EGI
$86.5K $35.30/SF
− OpEx
−$25.9K −$10.59/SF
NOI
$60.5K $24.71/SF
Area
ZIP 10312
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 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%
$1,210,820
Cap Rate 7%
$864,871
Cap Rate 9%
$672,678
Alternative Uses
Best Use
Multifamily LT 5
$864.9K
$756.8K – $1.01M
NOI $60,541 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$760.9K
$665.8K – $887.7K
NOI $53,264 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,831 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Includes a separate two-bedroom apartment with private side access.
Where is this duplex located?
The property is located at 404 Edgegrove Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑family duplex with approximately 2,450 SF of living area; 5,960 SF lot at 404 Edgegrove Ave, Staten Island, NY 10312; Primary residence includes 4 bedrooms and 1.5 baths
