Duplex with Legal
For Sale
$949,000
Pending
137 Serrell Avenue, Staten Island, NY 10312
The main residence offers three bedrooms alongside a separate, above-ground one-bedroom apartment.
Property Size2,132 SF
Lot Size0.18 Acres
Days on Market12
Property Features for 137 Serrell Avenue
General Information
Standard status
Pending
Size
2,132 SF
Total Parking Spaces
1
Lot size
0.18 Acres
Property subtype
Residential Income
Zoning
R3A
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,564
Amenities
1
true
3
4
Back Yard
4180
71x108
0.1
Garage,Driveway
2132
Building Details
Building Size
2,132 SF
Year Built
1975
Buildings
1
Stories
2
Listing Agency:
Taranto Realty
Listed By:
Dale Taranto
Source:
Matiasrealestatenyc
Added: Oct 26
Changed: Nov 5
Last Checked: Nov 5 at 8:59AM
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 Taranto Realty
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Investment Insights
Based on property information with market context.
This two-family, semi-attached property has a main residence with three bedrooms, including a primary bedroom with a half bath and walk-in closet. Its layout also includes a living room, dining room, eat-in kitchen, full bath, and foyer. A separate legal, above-ground apartment provides one bedroom, a living room, eat-in kitchen, full bath, and closet space. The 2,132-square-foot property was built in 1975 and has hardwood and tile flooring, a one-car garage, and a driveway.
Set on a corner lot measuring 71x108 feet, the property includes a large yard. R3A zoning is noted, and the address is near transportation, shopping, and schools.
Set on a corner lot measuring 71x108 feet, the property includes a large yard. R3A zoning is noted, and the address is near transportation, shopping, and schools.
Key Highlights
- Two‑family, semi‑attached property with a legal, above‑ground one‑bedroom apartment
- Main residence includes three bedrooms, including a primary bedroom with half bath and walk‑in closet
- 2,132 square feet; built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,683
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,660
$1.1M
Cap Rate 7%
$752,614
$752.6K
Cap Rate 9%
$585,367
$585.4K
Market Conditions
NOI Build-Up for 2,132 SF
Gross rent
$81.9K $38.40/SF
− Vacancy
−$6.6K −$3.10/SF
EGI
$75.3K $35.30/SF
− OpEx
−$22.6K −$10.59/SF
NOI
$52.7K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,660
Cap Rate 7%
$752,614
Cap Rate 9%
$585,367
Alternative Uses
Best Use
Multifamily LT 5
$752.6K
$658.5K – $878.1K
NOI $52,683 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$662.2K
$579.4K – $772.5K
NOI $46,351 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$1.02M
$890.1K – $1.19M
NOI $71,209 @ 7.0% cap · market cap 7.50%
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
1,046
Businesses Nearby
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Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - The main residence offers three bedrooms alongside a separate, above-ground one-bedroom apartment.
Where is this duplex located?
The property is located at 137 Serrell Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two‑family, semi‑attached property with a legal, above‑ground one‑bedroom apartment; Main residence includes three bedrooms, including a primary bedroom with half bath and walk‑in closet; 2,132 square feet; built in 1975
