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 Market154
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
From the agent's profile:
(718) 872-9300, (718) 400-1313
View profile
Source:
Statenislandhomelistings
Added: Jun 6
Changed: Nov 1
Last Checked: Nov 4 at 2:49PM
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
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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 / Yr
$48,440
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
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
