Colonial Two-Family with Finished
For Sale
$799,000
Pending
412 Port Richmond Avenue, Staten Island, NY 10302
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size1,632 SF
Lot Size0.13 Acres
Days on Market103
Property Features for 412 Port Richmond Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-3A
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2
Parking features
Garage, Off Street, Driveway
Interior features
Ceiling Fan(s)
Fencing
Chain Link, Fenced
Basement
Partially Finished, Full
Lot features
Back Yard
Subdivision
Port Richmond
Standard status
Pending
APN
01094-0049
Size
1,632 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
5345
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1920
Floors in Building
3
Number of units
1
Building materials
Aluminum Siding, Brick
Architectural style
Colonial
Listing Agency:
Spiegel Realty LLC
(718) 356-4640
Listed By:
Sandra Spiegel · License #10491201104
(929) 425-4393
Added: May 25
Changed: Aug 2
Last Checked: Sep 4 at 2:06PM
MLS# 2602917
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.
This Colonial two-family house offers two separate living levels plus additional usable space in the attic and basement. On the main floor (first unit), the layout includes a large living room, dining room, and an eat-in kitchen with an extra-large pantry and a door to the deck, along with two bedrooms and a full bathroom. The upstairs (second unit) features a living room, dining room, three bedrooms, and a full bath, with access to a large stand-up attic that is currently one room but can be divided into two bedrooms. A full finished basement includes a kitchen, an extra room, a laundry room, and a bathroom with a shower, and it has a side door leading to the driveway. Interior features include ceiling fans, and exterior construction includes aluminum siding and brick.
The property is zoned R-3A and sits on a 0.1274-acre lot. Parking is supported by a garage, off-street parking, and a driveway, with chain link fencing and fenced boundaries noted. The home has natural gas hot water heat, public sewer, and a roof noted as approximately 3 years old. Built in 1920, it totals 1,632 square feet.
The property is zoned R-3A and sits on a 0.1274-acre lot. Parking is supported by a garage, off-street parking, and a driveway, with chain link fencing and fenced boundaries noted. The home has natural gas hot water heat, public sewer, and a roof noted as approximately 3 years old. Built in 1920, it totals 1,632 square feet.
Key Highlights
- Colonial two‑family layout with main‑level and upstairs units plus attic and finished basement space
- Finished basement includes a kitchen, an extra room, laundry room, and bathroom with a shower
- Attic accessed from the second unit; currently one large stand‑up room that can be divided into two bedrooms
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
$40,585
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
5.08%
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%
$811,700
$811.7K
Cap Rate 7%
$579,786
$579.8K
Cap Rate 9%
$450,944
$450.9K
Market Conditions
NOI Build-Up for 1,632 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
$60.7K $37.20/SF
− Vacancy
−$2.7K −$1.67/SF
EGI
$58.0K $35.53/SF
− OpEx
−$17.4K −$10.66/SF
NOI
$40.6K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$811,700
Cap Rate 7%
$579,786
Cap Rate 9%
$450,944
Alternative Uses
Best Use
Multifamily LT 5
$579.8K
$507.3K – $676.4K
NOI $40,585 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$517.0K
$452.4K – $603.2K
NOI $36,191 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$778.7K
$681.4K – $908.5K
NOI $54,509 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
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-family Colonial home in R-3A with a finished basement, attic access, and side door to the driveway.
Where is this duplex located?
The property is located at 412 Port Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Colonial two‑family layout with main‑level and upstairs units plus attic and finished basement space; Finished basement includes a kitchen, an extra room, laundry room, and bathroom with a shower; Attic accessed from the second unit; currently one large stand‑up room that can be divided into two bedrooms
