New Construction Two-Family
For Sale
Contact for pricing
674 Arden Avenue, Staten Island, NY 10312
Luxurious 2-family home with income potential near amenities.
Property Size3,524 SF
Price / SF$388.76
Days on Market161
Property Features for 674 Arden Avenue
General Information
Standard status
Active
Size
3,524 SF
Property subtype
Multifamily
Zoning
R3A
Building Details
Year Built
2025
Stories
2
Units
2
Listing Agency:
Homes R US Realty Of NY Inc
(718) 668-2550
Listed By:
Gennady (Gary) Papirov · License #NY
Source:
Crexi
Added: Mar 17
Changed: Aug 22
Last Checked: Aug 24 at 11:48AM
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 Homes R US Realty Of NY Inc
Investment Insights
Based on property information with market context.
This new construction two-family home at 674 Arden Avenue features a 6/6 style layout. Each unit spans two stories and includes 3 bedrooms and 3 bathrooms. High-end finishes are present throughout, including white oak hardwood floors, custom kitchens with premium cabinetry, and fully-tiled, modern bathrooms. The property includes a full-finished basement with a separate entrance and its own electric meter, ready to be filed as an ADU, creating additional living or income opportunities. A detached garage and private yard are included. The property is conveniently located near schools, parks, shopping, restaurants, and public transportation. The property size is 3524 square feet.
Key Highlights
- New construction 2‑family home with multi‑level layout, offering both luxury living and rental income potential.
- Each unit features 3 bedrooms and 3 bathrooms across two stories, providing ample space and privacy.
- Full‑finished basement with separate entrance and electric meter, ready to be filed as an ADU for additional living or income.
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
$87,081
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
6.36%
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%
$1,741,620
$1.7M
Cap Rate 7%
$1,244,014
$1.2M
Cap Rate 9%
$967,567
$967.6K
Market Conditions
NOI Build-Up for 3,524 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
$135.3K $38.40/SF
− Vacancy
−$10.9K −$3.10/SF
EGI
$124.4K $35.30/SF
− OpEx
−$37.3K −$10.59/SF
NOI
$87.1K $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%
$1,741,620
Cap Rate 7%
$1,244,014
Cap Rate 9%
$967,567
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $87,081 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$1.09M
$957.7K – $1.28M
NOI $76,613 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,702 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
500
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 - Luxurious 2-family home with income potential near amenities.
Where is this duplex located?
The property is located at 674 Arden Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,369,999.
What are key features of this property?
This property features: New construction 2‑family home with multi‑level layout, offering both luxury living and rental income potential.; Each unit features 3 bedrooms and 3 bathrooms across two stories, providing ample space and privacy.; Full‑finished basement with separate entrance and electric meter, ready to be filed as an ADU for additional living or income.
