Two-Family Duplex with
For Sale
$999,999
Pending
142 Merrill Avenue, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size1,776 SF
Lot Size0.11 Acres
Days on Market56
Property Features for 142 Merrill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2
Parking features
Driveway, Garage, Off Street
Patio and Porch features
Deck
Pool private
1
Lot features
Back Yard
Subdivision
Bulls Head
Standard status
Pending
APN
2231/205
Size
1,776 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
8808
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Architectural style
Ranch
Listing Agency:
J Milo Real Estate
(718) 872-9300
Listed By:
Eric Eremita
(718) 400-1313
Added: Jul 28
Changed: Sep 13
Last Checked: Sep 21 at 8:06PM
MLS# 2604231
Copyright © 2026 Staten Island Board of Realtors. 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.
Located at 142 Merrill Avenue in Staten Island, this 1,776-square-foot duplex was built in 1970 and offers two distinct living areas. The primary residence includes three bedrooms, one-and-a-half bathrooms, an eat-in kitchen, and a large living room. A separate one-bedroom apartment provides an additional full bathroom and independent entry, supporting extended-family use or rental income. The property is finished with stone and vinyl siding and includes central air, natural-gas hot-water heat, and public sewer service.
Exterior features include a private driveway, built-in garage, deck, off-street parking, and a private pool. The 0.1056-acre parcel is zoned R3X and is positioned near shopping, schools, restaurants, public transportation, and major highways.
Exterior features include a private driveway, built-in garage, deck, off-street parking, and a private pool. The 0.1056-acre parcel is zoned R3X and is positioned near shopping, schools, restaurants, public transportation, and major highways.
Key Highlights
- Two distinct residences, including a 3‑bedroom primary unit and separate 1‑bedroom apartment
- 1,776 square feet on a 0.1056‑acre parcel
- Separate entrance serves the 1‑bedroom apartment
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
$48,440
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
4.84%
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%
$968,800
$968.8K
Cap Rate 7%
$692,000
$692.0K
Cap Rate 9%
$538,222
$538.2K
Market Conditions
NOI Build-Up for 1,776 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
$72.5K $40.80/SF
− Vacancy
−$3.3K −$1.84/SF
EGI
$69.2K $38.96/SF
− OpEx
−$20.8K −$11.69/SF
NOI
$48.4K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$968,800
Cap Rate 7%
$692,000
Cap Rate 9%
$538,222
Alternative Uses
Best Use
Multifamily LT 5
$692.0K
$605.5K – $807.3K
NOI $48,440 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$641.7K
$561.5K – $748.6K
NOI $44,917 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$847.4K
$741.5K – $988.7K
NOI $59,319 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,103
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with separate living quarters, private outdoor space, and convenient off-street parking.
Where is this duplex located?
The property is located at 142 Merrill Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Two distinct residences, including a 3‑bedroom primary unit and separate 1‑bedroom apartment; 1,776 square feet on a 0.1056‑acre parcel; Separate entrance serves the 1‑bedroom apartment
