2-Unit Contemporary
For Sale
$1,325,000
1297 Richmond Avenue, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size3,150 SF
Lot Size0.08 Acres
Price / SF$420.63
Days on Market8
Property Features for 1297 Richmond Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
6
Bathrooms
5
Full bathrooms
2
Rooms
Bathroom 4, Bedroom 5, Bathroom 2, Bathroom 6, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking features
Carport, Off Street
Patio and Porch features
Deck
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Westerleigh
Standard status
Active
APN
01498-0018
Size
3,150 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
12387
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
fully stocked kitchen
quartz countertops
laundry room with washer and dryer in each apartment
hardwood floors
high ceilings
master bedroom with private 3/4 bath
finished basement with outside access
central A/C and heat
Building Details
Year built
2021
Floors in Building
2
Number of units
2
Building materials
Stone, Stucco, Vinyl Siding
Architectural style
Contemporary
Buildings
1
Listing Agency:
NextHome Prestige
Listed By:
Alexander Levin
(718) 980-2100
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 11:06PM
MLS# 2605916
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.
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Investment Insights
Based on property information with market context.
Completed in 2021, this contemporary duplex contains two apartments, each with three bedrooms and two bathrooms. The kitchens have quartz countertops and directly vented hoods, while each apartment also includes a washer and dryer. Hardwood floors and high ceilings feature throughout, and each primary bedroom has a private three-quarter bath.
The 3,150-square-foot property has a finished basement with high ceilings and exterior access. Central air conditioning and forced-air natural gas heat serve the building. Outdoor features include a deck, off-street parking, and a carport. The property sits on a 0.0767-acre lot and is zoned R3X.
The 3,150-square-foot property has a finished basement with high ceilings and exterior access. Central air conditioning and forced-air natural gas heat serve the building. Outdoor features include a deck, off-street parking, and a carport. The property sits on a 0.0767-acre lot and is zoned R3X.
Key Highlights
- Two apartments, each with 3 bedrooms and 2 bathrooms
- 3,150 square feet on a 0.0767‑acre lot
- Built in 2021; zoned R3X
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 - Both apartments have three bedrooms, two bathrooms, and their own washer and dryer.
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 apartments, each with 3 bedrooms and 2 bathrooms; 3,150 square feet on a 0.0767‑acre lot; Built in 2021; zoned R3X
