Duplex with Finished
For Sale
$1,325,000
1297 Richmond Avenue, Staten Island, NY 10314
Each residence includes in-unit laundry, central heating and cooling, and a kitchen with quartz countertops.
Property Size3,150 SF
Days on Market9
Property Features for 1297 Richmond Avenue
General Information
Standard status
Active
Size
3,150 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,387
Amenities
fully stocked kitchen with quartz countertops and vented hood
laundry room with washer/dryer in each apartment
hardwood floors
high ceilings
private 3/4 bath in master bedroom
fully finished basement with outside access
central A/C and heat
Building Details
Building Size
3,150 SF
Year Built
2021
Buildings
1
Listing Agency:
NextHome Prestige
Listed By:
Alexander Levin · License #31LE0945211
(917) 478-0260
Source:
Wonicarealtors
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 11:08PM
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 NextHome Prestige
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Investment Insights
Based on property information with market context.
Completed in 2021, this two-family duplex contains two apartments, each with three bedrooms and two bathrooms. Both residences have hardwood floors, high ceilings, central air conditioning and heat, and a laundry room with a washer and dryer. Kitchens feature quartz countertops and directly vented range hoods. Each primary bedroom has a private three-quarter bathroom.
The basement is finished, has high ceilings, and provides outside access.
The basement is finished, has high ceilings, and provides outside access.
Key Highlights
- Two‑family property built in 2021
- Two apartments, each with 3 bedrooms and 2 bathrooms
- Finished basement with high ceilings and outside access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,916
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,718,320
$1.7M
Cap Rate 7%
$1,227,371
$1.2M
Cap Rate 9%
$954,622
$954.6K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$128.5K $40.80/SF
− Vacancy
−$5.8K −$1.84/SF
EGI
$122.7K $38.96/SF
− OpEx
−$36.8K −$11.69/SF
NOI
$85.9K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,718,320
Cap Rate 7%
$1,227,371
Cap Rate 9%
$954,622
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,916 @ 7.0% cap · market cap 6.48%
Second Best
Apartment 5plus
$1.14M
$995.8K – $1.33M
NOI $79,667 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$1.50M
$1.32M – $1.75M
NOI $105,211 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
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Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes in-unit laundry, central heating and cooling, and a kitchen with quartz countertops.
Where is this duplex located?
The property is located at 1297 Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Two‑family property built in 2021; Two apartments, each with 3 bedrooms and 2 bathrooms; Finished basement with high ceilings and outside access
