Two-Family Split-Level
171 Merrill Avenue Staten Island, NY 10314
For Sale
$995,900
Open-plan two-family split-level with hardwood floors, a gas fireplace, and a custom kitchen featuring a double island.
Property Size2,600 SF
Price / SF$383.04
Days on Market333
Property Features for 171 Merrill Avenue
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1970
Listing Agency:
Safari Realty
(732) 409-0700
Listed By:
Francine Reali · License #0902039
(732) 409-0700
Source:
Compass
Added: Aug 28, 2025
Changed: Jul 23
Last Checked: Jul 26 at 11:32AM
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 Safari Realty
Investment Insights
Based on property information with market context.
Located at 171 Merrill Avenue, this two-family split-level home is designed with an open floor plan that flows through sunlit living spaces. Hardwood floors run throughout, and the living room features a gas fireplace. The custom kitchen includes a double counter island, creating a central gathering spot for everyday living and entertaining.
The layout steps up to three bedrooms, including a primary suite. The primary suite connects to a Jack and Jill bath, balancing privacy with convenient shared access.
This property offers a versatile configuration within a two-family structure, combining comfortable interior flow with distinct bedroom accommodations in a split-level design.
The layout steps up to three bedrooms, including a primary suite. The primary suite connects to a Jack and Jill bath, balancing privacy with convenient shared access.
This property offers a versatile configuration within a two-family structure, combining comfortable interior flow with distinct bedroom accommodations in a split-level design.
Key Highlights
- Open‑plan two‑family split‑level with hardwood floors
- Custom kitchen with a double counter island and eat‑in area
- Gas fireplace in the living room
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 | $106.1k | $40.80 |
| − Vacancy | −$4.8k | −$1.84 |
| EGI | $101.3k | $38.96 |
| − OpEx | −$30.4k | −$11.69 |
| NOI | $70.9k | $27.27 |
2,600 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.4K – $1.18M
NOI $70,914 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$939.4K
$822.0K – $1.10M
NOI $65,757 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,841 @ 7.0% cap · market cap 8.72%
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 - Open-plan two-family split-level with hardwood floors, a gas fireplace, and a custom kitchen featuring a double island.
Where is this duplex located?
The property is located at 171 Merrill Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $995,900.
What are key features of this property?
This property features: Open‑plan two‑family split‑level with hardwood floors; Custom kitchen with a double counter island and eat‑in area; Gas fireplace in the living room
