Two-Family Duplex with Built-In
For Sale
$999,999
Pending
142 Merrill Ave, Staten Island, NY 10314
Includes a separate-entry apartment, private driveway, and built-in garage.
Property Size1,776 SF
Days on Market57
Property Features for 142 Merrill Ave
General Information
Standard status
Pending
Size
1,776 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Tenancy
Multi
Listing Agency:
J Milo Real Estate
Listed By:
Eric Eremita · License #10401365568
Source:
Statenislandhomelistings
Added: Jul 28
Changed: Sep 10
Last Checked: Sep 21 at 7:14AM
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 J Milo Real Estate
Investment Insights
Based on property information with market context.
This two-family duplex at 142 Merrill Avenue was built in 1970 and combines a primary residence with a separate apartment. The main unit includes 3 bedrooms, 1.5 bathrooms, an eat-in kitchen, and a large living room. A one-bedroom apartment with 1 full bathroom has its own entrance and has not previously been rented.
The property also provides a private driveway and built-in garage. Its Staten Island setting offers access to shopping, schools, restaurants, public transportation, and major highways. The separate apartment adds flexibility for extended household use, guests, or rental occupancy.
The property also provides a private driveway and built-in garage. Its Staten Island setting offers access to shopping, schools, restaurants, public transportation, and major highways. The separate apartment adds flexibility for extended household use, guests, or rental occupancy.
Key Highlights
- Two‑family duplex built in 1970
- Main residence includes 3 bedrooms and 1.5 bathrooms
- Separate one‑bedroom apartment with 1 full 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
$48,440
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
4.84%
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%
$968,800
$968.8K
Cap Rate 7%
$692,000
$692.0K
Cap Rate 9%
$538,222
$538.2K
Market Conditions
NOI Build-Up for 1,776 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
$72.5K $40.80/SF
− Vacancy
−$3.3K −$1.84/SF
EGI
$69.2K $38.96/SF
− OpEx
−$20.8K −$11.69/SF
NOI
$48.4K $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%
$968,800
Cap Rate 7%
$692,000
Cap Rate 9%
$538,222
Alternative Uses
Best Use
Multifamily LT 5
$692.0K
$605.5K – $807.3K
NOI $48,440 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$641.7K
$561.5K – $748.6K
NOI $44,917 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$847.4K
$741.5K – $988.7K
NOI $59,319 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,357
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Includes a separate-entry apartment, private driveway, and built-in garage.
Where is this duplex located?
The property is located at 142 Merrill Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Two‑family duplex built in 1970; Main residence includes 3 bedrooms and 1.5 bathrooms; Separate one‑bedroom apartment with 1 full bathroom
