Two-Family Semi-Attached
16 Montgomery Avenue Staten Island, NY 10301
For Sale
$699,999
A well-maintained two-family semi-attached home with a private driveway and separate studio apartment.
Property Size1,260 SF
Price / SF$555.55
Days on Market188
Property Features for 16 Montgomery Avenue
General Information
- Standard status
- Active
- Size
- 1,260 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 2001
Listing Agency:
Re/Max Edge
(646) 387-2075
Listed By:
Carmelo Ramirez · License #10401346443
(646) 387-2075
Source:
Compass
Added: Jan 19
Changed: Jul 21
Last Checked: Jul 23 at 11:00AM
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 well-maintained two-family semi-attached home is located in the St. George area of Staten Island and offers two distinct living units. One unit includes three bedrooms and 1.5 bathrooms, while a separate studio apartment provides an additional, independent space.
The property includes a private driveway. It is described as within about a 15-minute walk to the Staten Island Ferry and the Fast Ferry to Brooklyn, with convenient access to multiple bus lines including S40, S42, S44, S46, S48, S52, S61, S62, and S66.
The listing notes low property taxes and a strong annual rent roll, with tenants in place or the property delivered vacant.
The property includes a private driveway. It is described as within about a 15-minute walk to the Staten Island Ferry and the Fast Ferry to Brooklyn, with convenient access to multiple bus lines including S40, S42, S44, S46, S48, S52, S61, S62, and S66.
The listing notes low property taxes and a strong annual rent roll, with tenants in place or the property delivered vacant.
Key Highlights
- Well‑maintained two‑family semi‑attached home with a private driveway
- Unit features a spacious 3‑bedroom layout with 1.5 baths (total 3.00 baths across the home)
- Includes a separate studio apartment in addition to the 3‑bedroom unit
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 | $46.9k | $37.20 |
| − Vacancy | −$2.1k | −$1.67 |
| EGI | $44.8k | $35.53 |
| − OpEx | −$13.4k | −$10.66 |
| NOI | $31.3k | $24.87 |
1,260 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$447.6K
$391.7K – $522.2K
NOI $31,334 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$399.2K
$349.3K – $465.7K
NOI $27,942 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$601.2K
$526.1K – $701.4K
NOI $42,084 @ 7.0% cap · market cap 6.01%
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 - A well-maintained two-family semi-attached home with a private driveway and separate studio apartment.
Where is this duplex located?
The property is located at 16 Montgomery Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Well‑maintained two‑family semi‑attached home with a private driveway; Unit features a spacious 3‑bedroom layout with 1.5 baths (total 3.00 baths across the home); Includes a separate studio apartment in addition to the 3‑bedroom unit
