Two-Family Residential Income
New
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.
Days on Market6
Property Features for 140 Merrymount St
General Information
Standard status
Active
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Amenities
in-ground swimming pool
Building Details
Building Size
2,600 SF
Year Built
1970
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: Jul 29
Last Checked: Aug 1 at 11:49AM
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 For Multifamily LT 5
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 | $106.1k | $40.80 |
| − Vacancy | −$4.8k | −$1.84 |
| EGI | $101.3k | $38.96 |
| − OpEx | −$30.4k | −$11.69 |
| NOI | $70.9k | $27.27 |
2,600 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
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
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
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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
