Two-Family Home, Potential
For Sale
$869,000
Pending
88 Taft Avenue, Staten Island, NY 10301
Two-family home with potential for conversion to three-family.
Property Size1,748 SF
Days on Market685
Property Features for 88 Taft Avenue
General Information
Standard status
Pending
Size
1,748 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$3,911
Amenities
No, No, Private
Public Sewer, Separate Meters, Baseboard, Natural Gas Available, Public, Baseboard, 3, 4
Back Yard, Back Yard, Square Feet, 25x100
No
Balcony, Mid Rise, Original Details, Public, Vinyl
Original Details
Concrete Perimeter
Balcony, Original Details
Vinyl
Balcony
Frame
Balcony, Private, Vinyl, Back Yard
Building Details
Year Built
1920
Listing Agency:
Exit Realty Group
Listed By:
Stephanie Wilson
(718) 319-8500
Source:
Compass
Added: Dec 12, 2024
Changed: Oct 25
Last Checked: Oct 26 at 7:54PM
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 Exit Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-family home presents an opportunity for owner-occupancy with rental income potential. The layout is similar to a three-family configuration and could be converted. Each floor has its own boiler heating system, along with 3 gas meters and 4 electric meters, providing independence for tenants. The property is in excellent condition with well-maintained interiors. A large backyard offers space for outdoor activities. The location has a bike score of 43, indicating it is somewhat bikeable, a walk score of 47, indicating car-dependent, and a transit score of 58, indicating good transit.
Key Highlights
- Opportunity to live rent‑free while generating rental income.
- Can easily be converted into a three‑family home.
- Each floor has its own boiler heating system, gas meter, and electric meter.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,470
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,400
$869.4K
Cap Rate 7%
$621,000
$621.0K
Cap Rate 9%
$483,000
$483.0K
Market Conditions
NOI Build-Up for 1,748 SF
Gross rent
$65.0K $37.20/SF
− Vacancy
−$2.9K −$1.67/SF
EGI
$62.1K $35.53/SF
− OpEx
−$18.6K −$10.66/SF
NOI
$43.5K $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 Rate 5%
$869,400
Cap Rate 7%
$621,000
Cap Rate 9%
$483,000
Alternative Uses
Best Use
Multifamily LT 5
$621.0K
$543.4K – $724.5K
NOI $43,470 @ 7.0% cap · market cap 5.00%
Second Best
Apartment 5plus
$553.8K
$484.6K – $646.1K
NOI $38,764 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$834.1K
$729.8K – $973.1K
NOI $58,384 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with potential for conversion to three-family.
Where is this duplex located?
The property is located at 88 Taft Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Opportunity to live rent‑free while generating rental income.; Can easily be converted into a three‑family home.; Each floor has its own boiler heating system, gas meter, and electric meter.
