Renovated Two-Family
For Sale
$1,285,000
Pending
76 Mill Road, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size1,900 SF
Lot Size0.12 Acres
Days on Market103
Property Features for 76 Mill Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-31
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Off Street, Driveway
Fencing
Fenced
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
New Dorp
Standard status
Pending
APN
4031-72
Size
1,900 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
8077
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas, Forced Air
Cooling system
Central Air
Amenities
full finished basement
patio
fenced yard
Building Details
Year built
1960
Floors in Building
2
Number of units
1
Building materials
Brick, Stucco
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Staten Island
(718) 766-7159
Listed By:
Weiping Liang · License #10401332637
(917) 724-9751
Added: Jun 11
Changed: Sep 13
Last Checked: Sep 21 at 7:06PM
MLS# 2603296
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 detached Colonial duplex provides two separate residences, each with three bedrooms, one full bathroom, living and dining areas, and an eat-in kitchen. Separate entrances support independent access, while the finished basement adds a side entrance and a three-quarter bathroom. The kitchens and bathrooms have been renovated with custom cabinetry, quartz countertops, and updated finishes. New flooring extends across both primary floors, complemented by updated HVAC systems, newer hot water heaters, Andersen windows, upgraded electrical fixtures, and GE appliances.
The home sits on an oversized 41' x 127' lot and was built in 1960, with the entire second floor added in 2007 along with a new roof. Exterior improvements include Cambridge pavers, new sod, repointed brickwork, refreshed stucco, a concrete driveway retaining wall, and PVC fencing. The property has 3 electric meters, 2 gas meters, public sewer, central air, and off-street driveway parking. It is identified as being in a non-flood zone and is near shopping, parks, athletic fields, beaches, schools, restaurants, public transportation, and the Staten Island Railway.
The home sits on an oversized 41' x 127' lot and was built in 1960, with the entire second floor added in 2007 along with a new roof. Exterior improvements include Cambridge pavers, new sod, repointed brickwork, refreshed stucco, a concrete driveway retaining wall, and PVC fencing. The property has 3 electric meters, 2 gas meters, public sewer, central air, and off-street driveway parking. It is identified as being in a non-flood zone and is near shopping, parks, athletic fields, beaches, schools, restaurants, public transportation, and the Staten Island Railway.
Key Highlights
- Two‑family detached duplex with two 3‑bedroom, 1‑bath residences
- Oversized 41' x 127' lot with driveway and off‑street parking
- Finished basement with separate side entrance and 3/4 bathroom
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
$48,263
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
3.76%
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%
$965,260
$965.3K
Cap Rate 7%
$689,471
$689.5K
Cap Rate 9%
$536,256
$536.3K
Market Conditions
NOI Build-Up for 1,900 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
$73.0K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$68.9K $36.29/SF
− OpEx
−$20.7K −$10.89/SF
NOI
$48.3K $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%
$965,260
Cap Rate 7%
$689,471
Cap Rate 9%
$536,256
Alternative Uses
Best Use
Multifamily LT 5
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$612.7K
$536.1K – $714.8K
NOI $42,887 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$906.6K
$793.3K – $1.06M
NOI $63,460 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,483
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Detached brick-and-stucco home with separate entrances, finished basement, and updated kitchens and baths.
Where is this duplex located?
The property is located at 76 Mill Road Staten Island, NY.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Two‑family detached duplex with two 3‑bedroom, 1‑bath residences; Oversized 41' x 127' lot with driveway and off‑street parking; Finished basement with separate side entrance and 3/4 bathroom
