Two-Family Residential Income
140 Merrymount Street Staten Island, NY 10314
New
For Sale
$1,090,000
MULTI_FAMILY - Staten Island, NY
Property Size2,600 SF
Lot Size0.12 Acres
Price / SF$419.23
Days on Market2
Property Features for 140 Merrymount Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1
- Parking features
- Garage, Garage - Attached
- Patio and Porch features
- Deck
- Interior features
- Central Air, Deck, Dishwasher, Laundry Area, Refrigerator, Stove
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7672
Building Details
- Year built
- 1970
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Ranch
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Mei Hua (Michelle) Dong · License #10401364256
(718) 612-3088
Added: Jul 25
Last Checked: Jul 26 at 5:06AM
MLS# 503301
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.
140 Merrymount Street is a well-maintained two-family home offering a flexible layout with a fully finished basement and a rear entrance to the backyard. The second floor includes three bedrooms, one full bathroom, a semi-enclosed kitchen, a formal dining room, and a living room. The finished basement provides a large recreation room, a family room, a laundry room, and a three-quarter bathroom.
The first-floor side apartment features two bedrooms and one full bathroom, offering options for rental income or multi-generational living. Outside, the property includes a beautifully landscaped backyard with an in-ground swimming pool.
Located just minutes from Staten Island Mall, the home also provides access to express buses to Manhattan and major roadways including the Staten Island Expressway, with nearby supermarkets, parks, fitness centers, medical facilities, and local shopping and dining.
The first-floor side apartment features two bedrooms and one full bathroom, offering options for rental income or multi-generational living. Outside, the property includes a beautifully landscaped backyard with an in-ground swimming pool.
Located just minutes from Staten Island Mall, the home also provides access to express buses to Manhattan and major roadways including the Staten Island Expressway, with nearby supermarkets, parks, fitness centers, medical facilities, and local shopping and dining.
Key Highlights
- Two‑family home built in 1970 with central air and wood‑frame construction
- Second‑floor unit has 3 bedrooms and 1 full bathroom, plus a formal dining room and living room
- Fully finished basement includes a large recreation room, family room, laundry room, and a three‑quarter bathroom
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.1k | $40.80 |
| − Vacancy | −$4.8k | −$1.84 |
| EGI | $101.3k | $38.96 |
| − OpEx | −$30.4k | −$11.69 |
| NOI | $70.9k | $27.27 |
2,600 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.4K – $1.18M
NOI $70,914 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$939.4K
$822.0K – $1.10M
NOI $65,757 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,841 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with three bedrooms upstairs and two bedrooms in the first-floor side apartment.
Where is this duplex located?
The property is located at 140 Merrymount Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Two‑family home built in 1970 with central air and wood‑frame construction; Second‑floor unit has 3 bedrooms and 1 full bathroom, plus a formal dining room and living room; Fully finished basement includes a large recreation room, family room, laundry room, and a three‑quarter bathroom
