Two-Family Rehab
17 Carolina Place Staten Island, NY 10314
For Sale
Contact for pricing
Pending
Legal two-family home on an oversized lot, offered as-is for rehab or development under R2 zoning.
Property Size1,395 SF
Days on Market139
Property Features for 17 Carolina Place
General Information
- Standard status
- Pending
- Size
- 1,395 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing Agency:
Gateway Arms Realty Corp.
(646) 220-7272
Listed By:
Christopher Long · License #30LO0850855
Source:
Crexi
Added: Mar 10
Changed: Jul 23
Last Checked: Jul 24 at 4:27PM
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 Gateway Arms Realty Corp.
Investment Insights
Based on property information with market context.
This legal two-family home sits on an oversized lot and is currently configured as a residential income property. The property is being sold as-is, with the intent for rehab or development purposes, and offers are required to be submitted in writing through the listing agent.
The property is located in a prime area and is under R2 zoning. Buyers should note that the sale is cash only, with proof of funds and attorney information required.
As presented, the offering is specifically positioned for buyers evaluating renovation and development opportunities for a legal two-family structure under current zoning.
The property is located in a prime area and is under R2 zoning. Buyers should note that the sale is cash only, with proof of funds and attorney information required.
As presented, the offering is specifically positioned for buyers evaluating renovation and development opportunities for a legal two-family structure under current zoning.
Key Highlights
- Legal two‑family home built in 1957
- Located on an oversized lot
- Current R2 zoning in a prime area
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 | $56.9k | $40.80 |
| − Vacancy | −$2.6k | −$1.84 |
| EGI | $54.4k | $38.96 |
| − OpEx | −$16.3k | −$11.69 |
| NOI | $38.0k | $27.27 |
1,395 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.5K
$475.6K – $634.1K
NOI $38,048 @ 7.0% cap · market cap 4.48%
Second Best
Apartment 5plus
$504.0K
$441.0K – $588.0K
NOI $35,281 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$665.6K
$582.4K – $776.6K
NOI $46,593 @ 7.0% cap · market cap 5.48%
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 - Legal two-family home on an oversized lot, offered as-is for rehab or development under R2 zoning.
Where is this duplex located?
The property is located at 17 Carolina Place Staten Island, NY.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Legal two‑family home built in 1957; Located on an oversized lot; Current R2 zoning in a prime area
