Renovated Two-Family High
127 Madsen Avenue, Staten Island, NY 10309
New
MULTI_FAMILY - Contemporary - Staten Island, NY
Property size:
3,250 SFLot size:
0.12 AcresPrice / SF:
$399/SF- Added:
- Jun 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 10 at 5:06 pm
Property Features for 127 Madsen Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3X
- Bedrooms
- 8
- Bathrooms
- 5
- Rooms
- Bathroom 3, Bathroom 5, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 1, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 6, Bedroom 3
- Parking features
- Off Street
- Patio and Porch features
- Patio, Deck
- Interior features
- Ceiling Fan(s)
- Exterior features
- Balcony
- Fencing
- Fenced
- Standard status
- Active
- Size
- 3,250 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11023
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
Building Details
- Year built
- 1985
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Stone, Stucco, Vinyl Siding
- Architectural style
- Contemporary
Listing agent Joseph Ranola (631) 721-9468
Listing office Real Broker NY LLC 477 Madison Avenue, New York, NY (855) 450-0442
Listing date Jun 9, 2026
MLS# 2603231
Listing URL
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.
HighLights
- Detached 2‑family high ranch built in 1985 on a 40 x 125 lot with recently fully renovated interiors
- Second‑floor main residence offers 4 bedrooms and 2 full bathrooms, with granite kitchen and hardwood floors throughout
- Covered balcony off the back with a staircase down to the yard, plus ceiling fans
- Ground floor includes a 2‑bedroom rental apartment plus additional flexible studio/extended‑family or guest quarters
- One‑car garage and oversized driveway with parking space for up to 8 additional cars; off‑street parking
- Fenced outdoor space with pool, outdoor kitchen, deck/patio areas, and patio space for entertaining
Overview
This detached two-family high ranch was built in 1985 and has been recently fully renovated. The second-floor main residence offers four bedrooms, two full bathrooms, and a granite kitchen, with a separate dining room and hardwood floors throughout. A master suite includes its own bath, and the covered balcony at the rear connects to a staircase down to the yard.
The ground floor features a two-bedroom rental apartment plus additional flexible studio space that has been used as extended-family or guest quarters. The property also includes a one-car garage and an oversized driveway with room for additional vehicles.
Outside, the yard is designed for regular use and includes a fenced perimeter, pool, outdoor kitchen, and patio areas. With two distinct living levels and an added adaptable studio component, the layout supports a range of residential scenarios, from owner-occupancy with rental income to multi-generational living. The property’s turnkey renovation and expanded outdoor improvements make it well-suited for buyers looking for move-in ready flexibility alongside dedicated outdoor space.
The ground floor features a two-bedroom rental apartment plus additional flexible studio space that has been used as extended-family or guest quarters. The property also includes a one-car garage and an oversized driveway with room for additional vehicles.
Outside, the yard is designed for regular use and includes a fenced perimeter, pool, outdoor kitchen, and patio areas. With two distinct living levels and an added adaptable studio component, the layout supports a range of residential scenarios, from owner-occupancy with rental income to multi-generational living. The property’s turnkey renovation and expanded outdoor improvements make it well-suited for buyers looking for move-in ready flexibility alongside dedicated outdoor space.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.9k | $37.20 |
| − Vacancy | −$5.4k | −$1.67 |
| EGI | $115.5k | $35.53 |
| − OpEx | −$34.6k | −$10.66 |
| NOI | $80.8k | $24.87 |
3,250 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,822 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$1.03M
$900.9K – $1.20M
NOI $72,072 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,551 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.233136
- Latitude
- 40.524291
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Recently renovated two-family high ranch with flexible studio space, garage, and a sizable, fenced outdoor yard.
Where is this duplex located?
The property is located at 127 Madsen Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Detached 2‑family high ranch built in 1985 on a 40 x 125 lot with recently fully renovated interiors; Second‑floor main residence offers 4 bedrooms and 2 full bathrooms, with granite kitchen and hardwood floors throughout; Covered balcony off the back with a staircase down to the yard, plus ceiling fans
