Renovated Two-Family High
149 Forest Street Staten Island, NY 10314
For Sale
Contact for pricing
Pending
Fully renovated 2022 two-family high ranch with 7 bedrooms, 4 baths, and paid-off solar on a corner lot.
Property Size2,880 SF
Lot Size0.14 Acres
Days on Market423
Property Features for 149 Forest Street
General Information
- Standard status
- Pending
- Size
- 2,880 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing Agency:
Re/Max Edge
Listed By:
Chu Chu Chen · License #10401331308
Source:
Crexi
Added: May 30, 2025
Changed: Jul 23
Last Checked: Jul 24 at 12:22PM
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 Re/Max Edge
Investment Insights
Based on property information with market context.
This fully renovated 2022 two-family high ranch offers generous living space and flexible configuration. The home features 7 bedrooms and 4 bathrooms, along with multiple upgrades including a brand-new kitchen with a center island, new flooring, modern bathrooms, LED lighting, new windows, updated stairs, and a sunroom. The roof and heating system are both approximately 5 years old, and the property includes paid-off solar panels.
The first floor includes two bedrooms plus a half bath, a laundry area, and a private legal three-bedroom apartment with its own kitchen, living room, full bath, sunroom, and access to a large backyard. The second floor offers formal living and dining rooms, a brand-new kitchen with an island, and three additional bedrooms with two full baths. Two private entrances support separate access.
Set on a 63x100 corner lot, the property is a strong fit for end-users or investors seeking a turn-key, spacious two-family layout with substantial outdoor space and convenient access to the expressway, shopping, transportation, schools, and houses of worship.
The first floor includes two bedrooms plus a half bath, a laundry area, and a private legal three-bedroom apartment with its own kitchen, living room, full bath, sunroom, and access to a large backyard. The second floor offers formal living and dining rooms, a brand-new kitchen with an island, and three additional bedrooms with two full baths. Two private entrances support separate access.
Set on a 63x100 corner lot, the property is a strong fit for end-users or investors seeking a turn-key, spacious two-family layout with substantial outdoor space and convenient access to the expressway, shopping, transportation, schools, and houses of worship.
Key Highlights
- Fully renovated in 2022 two‑family high ranch with 7 bedrooms and 4 bathrooms
- 63x100 corner lot with large yard and two private entrances
- Approx. 30x48 building size with nearly 3,000 sq ft of living space
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 | $117.5k | $40.80 |
| − Vacancy | −$5.3k | −$1.84 |
| EGI | $112.2k | $38.96 |
| − OpEx | −$33.7k | −$11.69 |
| NOI | $78.6k | $27.27 |
2,880 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$981.9K – $1.31M
NOI $78,551 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$1.04M
$910.5K – $1.21M
NOI $72,839 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,193 @ 7.0% cap · market cap 8.10%
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 - Fully renovated 2022 two-family high ranch with 7 bedrooms, 4 baths, and paid-off solar on a corner lot.
Where is this duplex located?
The property is located at 149 Forest Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,188,000.
What are key features of this property?
This property features: Fully renovated in 2022 two‑family high ranch with 7 bedrooms and 4 bathrooms; 63x100 corner lot with large yard and two private entrances; Approx. 30x48 building size with nearly 3,000 sq ft of living space
