Legal Two-Family Corner
140 Burke Avenue Staten Island, NY 10314
For Sale
$929,000
Legal two-family corner property with separate parking, hardwood floors, and a large yard.
Property Size3,181 SF
Price / SF$292.05
Days on Market202
Property Features for 140 Burke Avenue
General Information
- Standard status
- Active
- Size
- 3,181 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1901
Listing Agency:
Master Associates Inc.
(718) 490-0057
Listed By:
Louis L Rizzo · License #30RI0802013
(718) 490-0057
Source:
Compass
Added: Jan 5
Changed: Jul 22
Last Checked: Jul 23 at 8:25AM
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 Master Associates Inc.
Investment Insights
Based on property information with market context.
This legal two-family corner property offers two separate units with distinct living spaces and a layout that supports flexible use. The first floor includes a living room and dining room combination, an eat-in kitchen with granite countertops and an island, stainless appliances, and a newly added half bath with washer and dryer. A Florida room opens to a deck overlooking an above-ground pool. This unit also has hardwood floors, a large living room, a kitchen, a three-quarter bath, and a nice-sized bedroom, along with separate parking.
The second floor features a primary bedroom with two walk-in closets and a newly updated three-quarter bath, plus additional bedrooms with walk-in closets and a full bath. Outside, the property includes a large yard, a spacious shed with power, and off-street parking suitable for multiple vehicles.
The property is described as being close to highway access, schools, and shopping, supporting convenient everyday access for residents.
The second floor features a primary bedroom with two walk-in closets and a newly updated three-quarter bath, plus additional bedrooms with walk-in closets and a full bath. Outside, the property includes a large yard, a spacious shed with power, and off-street parking suitable for multiple vehicles.
The property is described as being close to highway access, schools, and shopping, supporting convenient everyday access for residents.
Key Highlights
- Legal 2‑family corner property with 4 total bathrooms (3 full, 1 additional bath)
- 4‑zone A/C with multiple A/C units, plus gas hot water heat
- 1901‑built home with vinyl siding and hardwood floors in the apartment/units
Financial Insights For Apartment 5plus
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 | $152.7k | $48.00 |
| − Vacancy | −$6.4k | −$2.02 |
| EGI | $146.3k | $45.98 |
| − OpEx | −$65.8k | −$20.69 |
| NOI | $80.5k | $25.29 |
3,181 SF · lease $48.00/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,761 @ 7.0% cap · market cap 9.34%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,451 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,246 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal two-family corner property with separate parking, hardwood floors, and a large yard.
Where is this duplex located?
The property is located at 140 Burke Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Legal 2‑family corner property with 4 total bathrooms (3 full, 1 additional bath); 4‑zone A/C with multiple A/C units, plus gas hot water heat; 1901‑built home with vinyl siding and hardwood floors in the apartment/units
