Two-Family Residential Income
For Sale
$1,090,000
140 Merrymount St, Staten Island, NY 10314
Two-unit home with a finished basement and a backyard with an in-ground swimming pool.
Property Size2,600 SF
Days on Market30
Property Features for 140 Merrymount St
General Information
Standard status
Active
Size
2,600 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$7,672
Amenities
in-ground swimming pool
Building Details
Building Size
2,600 SF
Year Built
1970
Stories
3
Tenancy
Multi
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Renzhang Danny Dong · License #10401364256
(718) 612-3088
Source:
Elliman
Added: Jul 28
Changed: Aug 15
Last Checked: Aug 25 at 7:35AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
140 Merrymount is a well-maintained two-family home offering two distinct living spaces with a flexible internal layout. The main residence includes a formal foyer with direct access to the second-floor living quarters and the fully finished basement. Upstairs, you’ll find three bedrooms, one full bathroom, a semi-enclosed kitchen, a formal dining room, and a living room. The finished basement adds a large recreation room, a family room, a laundry room, and a three-quarter bathroom.
The first-floor side apartment provides two bedrooms and one full bathroom, suited for rental income or multigenerational living. A rear entrance connects to the landscaped backyard, which features an in-ground swimming pool for private outdoor enjoyment.
Convenience is a highlight, with the property positioned just minutes from Staten Island Mall and served by nearby express buses to Manhattan and easy access to major roadways including the Staten Island Expressway. Bike, walk, and transit scores indicate it’s more car-dependent for walking access, while transit access is rated as good.
The first-floor side apartment provides two bedrooms and one full bathroom, suited for rental income or multigenerational living. A rear entrance connects to the landscaped backyard, which features an in-ground swimming pool for private outdoor enjoyment.
Convenience is a highlight, with the property positioned just minutes from Staten Island Mall and served by nearby express buses to Manhattan and easy access to major roadways including the Staten Island Expressway. Bike, walk, and transit scores indicate it’s more car-dependent for walking access, while transit access is rated as good.
Key Highlights
- Two‑family home built in 1970 with a finished basement and two separate living units
- Second‑floor unit features 3 bedrooms, 1 full bathroom, formal dining room, and living room
- Fully finished basement includes a large recreation room, family room, laundry room, and a three‑quarter bathroom
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
$70,914
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
6.51%
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%
$1,418,280
$1.4M
Cap Rate 7%
$1,013,057
$1.0M
Cap Rate 9%
$787,933
$787.9K
Market Conditions
NOI Build-Up for 2,600 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
$106.1K $40.80/SF
− Vacancy
−$4.8K −$1.84/SF
EGI
$101.3K $38.96/SF
− OpEx
−$30.4K −$11.69/SF
NOI
$70.9K $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 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%
$1,418,280
Cap Rate 7%
$1,013,057
Cap Rate 9%
$787,933
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.4K – $1.18M
NOI $70,914 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$939.4K
$822.0K – $1.10M
NOI $65,757 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,841 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,160
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit home with a finished basement and a backyard with an in-ground swimming pool.
Where is this duplex located?
The property is located at 140 Merrymount St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,090,000.
What are key features of this property?
This property features: Two‑family home built in 1970 with a finished basement and two separate living units; Second‑floor unit features 3 bedrooms, 1 full bathroom, formal dining room, and living room; Fully finished basement includes a large recreation room, family room, laundry room, and a three‑quarter bathroom
