Two-Family Ranch
New
For Sale
$875,000
404 Edgegrove Avenue, Staten Island, NY 10312
Residential, High Ranch, Staten Island, NY
Property Size2,450 SF
Lot Size0.14 Acres
Price / SF$357.14
Days on Market4
Property Features for 404 Edgegrove Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3X
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 6
Parking features
Garage
Interior features
A/C Unit - Window, Central Air, Laundry Area
Basement
Unfinished, Full
Subdivision
Annadale
Standard status
Active
Size
2,450 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
9532
Building Details
Year built
1975
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Architectural style
Ranch
Listing Agency:
Calabrese Real Estate
(718) 439-1110
Listed By:
Christopher J. Calabrese · License #10311208254
(718) 439-1110
Added: Aug 23
Last Checked: Aug 26 at 1:06AM
MLS# 503982
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This two-family ranch property at 404 Edgegrove Avenue contains approximately 2,450 square feet on a 5,960-square-foot block-through lot. The main residence includes four bedrooms and one-and-a-half baths, while the separate apartment provides two bedrooms and its own side entrance. A full unfinished basement adds additional interior space. Central air, window A/C, a laundry area, hardwood and tile flooring, wood-frame construction, and a built-in garage are among the reported property features.
The parcel measures 0.1368 acres and carries R3X zoning. The home was built in 1975 and includes a private drive with garage parking. Shopping, dining, everyday services, and transportation options are located minutes from the property in Staten Island.
The parcel measures 0.1368 acres and carries R3X zoning. The home was built in 1975 and includes a private drive with garage parking. Shopping, dining, everyday services, and transportation options are located minutes from the property in Staten Island.
Key Highlights
- Two‑family ranch property with approximately 2,450 SF of building area
- 5,960 SF block‑through lot measuring 0.1368 acres
- Main 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 private side entrance for the secondary apartment and built-in garage parking.
Where is this duplex located?
The property is located at 404 Edgegrove Avenue 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 ranch property with approximately 2,450 SF of building area; 5,960 SF block‑through lot measuring 0.1368 acres; Main residence includes 4 bedrooms and 1.5 baths
