Renovated Two-Family
For Sale
$879,000
Pending
145 Marisa Cir, Staten Island, NY 10309
Move-in ready, fully renovated two-family home with washer/dryer hookups and private off-street parking.
Property Size2,200 SF
Days on Market103
Property Features for 145 Marisa Cir
General Information
Standard status
Pending
Size
2,200 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,724
Building Details
Year Built
1984
Listing Agency:
Fillmore R.E - 2990 Avenue U
Listed By:
Giuseppe D. Papalia
(718) 377-6161
Source:
Elliman
Added: Jun 12
Changed: Sep 10
Last Checked: Sep 21 at 8:47AM
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 Fillmore R.E - 2990 Avenue U
Investment Insights
Based on property information with market context.
This totally renovated two-family residence offers a flexible multi-level layout within a large building footprint on a 32 x 93 lot. The property features approximately 2,200 square feet of living space across two apartments. The first level includes a 2-bedroom unit with a large living room, eat-in kitchen, two large bedrooms, and an updated full bath. The second level includes a 3-bedroom unit with an extremely spacious open living room, separate dining room, eat-in kitchen, three large bedrooms, a master bedroom with walk-in closet, and a convenient half bath plus an updated full bath. Finishes include newly finished wood floors and tile throughout, ample closet space, and large windows for natural light. Each apartment has washer/dryer hookups, and the home also includes a large private backyard and private off-street parking.
The property is located in the heart of Rossville, surrounded by residential homes. It is positioned for convenience to shopping, dining, and transportation options, with access to highly rated schools. Delivery can be vacant at closing or with long-term tenants willing to remain in place.
For tenants or buyers seeking an owner-occupied or income-producing setup, this configuration provides two distinct apartments with in-unit laundry hookups and updated kitchens featuring brand-new stainless-steel appliances, including a dishwasher and microwave. The combination of separate unit layouts, private outdoor space, and off-street parking supports a broad range of living arrangements, including multi-generational use.
The property is located in the heart of Rossville, surrounded by residential homes. It is positioned for convenience to shopping, dining, and transportation options, with access to highly rated schools. Delivery can be vacant at closing or with long-term tenants willing to remain in place.
For tenants or buyers seeking an owner-occupied or income-producing setup, this configuration provides two distinct apartments with in-unit laundry hookups and updated kitchens featuring brand-new stainless-steel appliances, including a dishwasher and microwave. The combination of separate unit layouts, private outdoor space, and off-street parking supports a broad range of living arrangements, including multi-generational use.
Key Highlights
- Fully renovated 2‑family home built in 1984 with about 2,200 SF of living space in a large 22x50 building
- 32x93 lot with a large private backyard and private off‑street parking
- Level 1: 2‑bedroom unit with updated full bath, eat‑in kitchen, and large living room
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
6.22%
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 6.22%
Second Best
Apartment 5plus
$697.0K
$609.8K – $813.1K
NOI $48,787 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.05M
$918.5K – $1.22M
NOI $73,480 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
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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 - Move-in ready, fully renovated two-family home with washer/dryer hookups and private off-street parking.
Where is this duplex located?
The property is located at 145 Marisa Cir Staten Island, NY.
What is the asking price?
The asking price for this property is $879,000.
What are key features of this property?
This property features: Fully renovated 2‑family home built in 1984 with about 2,200 SF of living space in a large 22x50 building; 32x93 lot with a large private backyard and private off‑street parking; Level 1: 2‑bedroom unit with updated full bath, eat‑in kitchen, and large living room
