Fully Renovated Two-Family
170 Merrill Avenue Staten Island, NY 10314
For Sale
Contact for pricing
Fully renovated semi-attached two-family residence with solar panels, a new roof, and a backyard swimming pool.
Property Size1,980 SF
Price / SF$502.53
Days on Market85
Property Features for 170 Merrill Avenue
General Information
- Standard status
- Active
- Size
- 1,980 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing Agency:
Hometime Estates LLC
(718) 614-3115
Listed By:
Lee Goldstein · License #New York
Source:
Crexi
Added: May 3
Changed: Jul 23
Last Checked: Jul 26 at 10:04AM
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 Hometime Estates LLC
Investment Insights
Based on property information with market context.
This fully renovated semi-attached two-family home has been updated rooftop to front paving. The main unit includes an entry level with a double coat closet, two versatile rooms (one currently used as a game room with a half-bath and one as a bedroom), plus a laundry area and utility room. The second level offers a combined living and dining area, a kitchen with a skylight, and a generous layout with a master bedroom, two additional bedrooms, and a full bathroom. The second unit is accessed via a side entrance and features a bedroom, a full bathroom, a living room, and an eat-in kitchen.
Exterior improvements include solar panels, a brand-new roof, and new windows, along with a front driveway paved to accommodate up to three vehicles. The backyard includes an in-ground swimming pool and a cabana.
Both units are designed for comfortable day-to-day living, with interior spaces including bedrooms, bathrooms, living areas, and kitchens as described.
Exterior improvements include solar panels, a brand-new roof, and new windows, along with a front driveway paved to accommodate up to three vehicles. The backyard includes an in-ground swimming pool and a cabana.
Both units are designed for comfortable day-to-day living, with interior spaces including bedrooms, bathrooms, living areas, and kitchens as described.
Key Highlights
- Fully renovated semi‑attached two‑family home (year built 1970) with solar panels
- Backyard features an in‑ground swimming pool and a cabana
- Exterior updates include a brand‑new roof, new windows, and front driveway paving for up to 3 vehicles
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 | $80.8k | $40.80 |
| − Vacancy | −$3.6k | −$1.84 |
| EGI | $77.1k | $38.96 |
| − OpEx | −$23.1k | −$11.69 |
| NOI | $54.0k | $27.27 |
1,980 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$771.5K
$675.1K – $900.1K
NOI $54,004 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$715.4K
$626.0K – $834.6K
NOI $50,077 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$944.7K
$826.7K – $1.10M
NOI $66,132 @ 7.0% cap · market cap 6.65%
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 semi-attached two-family residence with solar panels, a new roof, and a backyard swimming pool.
Where is this duplex located?
The property is located at 170 Merrill Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fully renovated semi‑attached two‑family home (year built 1970) with solar panels; Backyard features an in‑ground swimming pool and a cabana; Exterior updates include a brand‑new roof, new windows, and front driveway paving for up to 3 vehicles
