Newly Built Four-Bedroom
New
For Sale
$1,650,000
46 Hunter Ave, Staten Island, NY 10306
Two private residences feature open layouts, finished basements, dedicated laundry areas, and contemporary heating and cooling systems.
Property Size4,500 SF
Days on Market3
Property Features for 46 Hunter Ave
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$1,726
Building Details
Building Size
4,500 SF
Stories
2
Listed By:
C. Michel Scibetta - Nicolo
(718) 987-7900
Source:
Elliman
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 2:06AM
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 C. Michel Scibetta - Nicolo
Investment Insights
Based on property information with market context.
This brand-new duplex is planned on a 40 x 100 lot with approximately 4,500 square feet of living space and 25 x 60 building dimensions. Each residence includes four bedrooms, an open living arrangement, a custom kitchen with center island, hardwood floors, crown molding, Andersen windows, private laundry, and a primary suite with its own bathroom. Finished basement space, separate entrances, modern heating systems, and central air conditioning add to the configuration. Facade and interior finish selections may still be personalized, with sheetrock already installed.
The property is located at 46 Hunter Ave in Dongan Hills above Hylan, Staten Island. A completed model home near the site is available for an in-person review of the layout, finishes, and workmanship. The location records an 81 Walk Score, 72 Transit Score, and 62 Bike Score.
The property is located at 46 Hunter Ave in Dongan Hills above Hylan, Staten Island. A completed model home near the site is available for an in-person review of the layout, finishes, and workmanship. The location records an 81 Walk Score, 72 Transit Score, and 62 Bike Score.
Key Highlights
- Two‑family home with four bedrooms in each residence
- Approximately 4,500 square feet on a 40 x 100 lot
- 25 x 60 building dimensions with finished basement space
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
$114,307
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
6.93%
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%
$2,286,140
$2.3M
Cap Rate 7%
$1,632,957
$1.6M
Cap Rate 9%
$1,270,078
$1.3M
Market Conditions
NOI Build-Up for 4,500 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
$172.8K $38.40/SF
− Vacancy
−$9.5K −$2.11/SF
EGI
$163.3K $36.29/SF
− OpEx
−$49.0K −$10.89/SF
NOI
$114.3K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$2,286,140
Cap Rate 7%
$1,632,957
Cap Rate 9%
$1,270,078
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,307 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,574 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,301 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 - Two private residences feature open layouts, finished basements, dedicated laundry areas, and contemporary heating and cooling systems.
Where is this duplex located?
The property is located at 46 Hunter Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Two‑family home with four bedrooms in each residence; Approximately 4,500 square feet on a 40 x 100 lot; 25 x 60 building dimensions with finished basement space
