Two-Family Residence with Finished
For Sale
Contact for pricing
106 Sharpe Avenue, Staten Island, NY 10302
Two-family home with multiple finished interior areas, including a basement with summer kitchen and a tenant-occupied upper unit.
Property Size2,200 SF
Price / SF$352.27
Days on Market55
Property Features for 106 Sharpe Avenue
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Multifamily
Zoning
R3A
Additional Details
Multifamily Units
2
Building Details
Year Built
1899
Stories
3
Units
1
Listing Agency:
Top Choice Realty LLC
(929) 488-3666
Listed By:
Habib Ahmad · License #10401350313
Source:
Crexi
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 30 at 4:24PM
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 Top Choice Realty LLC
Investment Insights
Based on property information with market context.
This two-family residence offers a flexible, expanded interior layout with multiple finished spaces. The first unit includes three bedrooms, including an oversized primary bedroom, along with a bright living room and a full kitchen with a pantry. It also provides direct access to a huge backyard, plus a fully finished basement that features a summer kitchen and two additional rooms.
The second unit spans the second and third floors and is currently tenant-occupied, generating rental income. It includes three bedrooms, a spacious living room, and a full kitchen with a pantry. In addition, the second unit includes a fully finished attic with two extra rooms, creating an expansive layout.
Located in Port Richmond on Staten Island, the property is described as being close to shopping, schools, parks, and public transportation, supporting convenient day-to-day access.
The second unit spans the second and third floors and is currently tenant-occupied, generating rental income. It includes three bedrooms, a spacious living room, and a full kitchen with a pantry. In addition, the second unit includes a fully finished attic with two extra rooms, creating an expansive layout.
Located in Port Richmond on Staten Island, the property is described as being close to shopping, schools, parks, and public transportation, supporting convenient day-to-day access.
Key Highlights
- Two‑family home built in 1899 in Port Richmond, Staten Island, with a finished basement and finished attic space
- First unit offers 3 bedrooms, including an oversized primary bedroom, plus a bright living room and full kitchen with pantry
- First unit provides direct access to a huge backyard
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
$54,710
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
7.06%
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%
$1,094,200
$1.1M
Cap Rate 7%
$781,571
$781.6K
Cap Rate 9%
$607,889
$607.9K
Market Conditions
NOI Build-Up for 2,200 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
$81.8K $37.20/SF
− Vacancy
−$3.7K −$1.67/SF
EGI
$78.2K $35.53/SF
− OpEx
−$23.4K −$10.66/SF
NOI
$54.7K $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%
$1,094,200
Cap Rate 7%
$781,571
Cap Rate 9%
$607,889
Alternative Uses
Best Use
Multifamily LT 5
$781.6K
$683.9K – $911.8K
NOI $54,710 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$697.0K
$609.8K – $813.1K
NOI $48,787 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.05M
$918.5K – $1.22M
NOI $73,480 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,384
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with multiple finished interior areas, including a basement with summer kitchen and a tenant-occupied upper unit.
Where is this duplex located?
The property is located at 106 Sharpe Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Two‑family home built in 1899 in Port Richmond, Staten Island, with a finished basement and finished attic space; First unit offers 3 bedrooms, including an oversized primary bedroom, plus a bright living room and full kitchen with pantry; First unit provides direct access to a huge backyard
