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    Two-Family Home Near Verrazano Bridge Title is generated by Realmo AI

    176 Cedar Avenue, Staten Island, NY 10305

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    Two bi-level apartments and finished basement near transportation and shopping.

    Type:Multifamily
    Property size:
    1,440 SF
    Price / SF:
    $491/SF
    Added:
    Mar 24, 2026
    Days on Market:
    108
    Last Refresh:
    Jul 2 at 5:39 am

    Property Features for 176 Cedar Avenue

    General Information

    Standard status
    Active
    Size
    1,440 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1988

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    Gaetano Marasa

    Listing office NEUHAUS REALTY INC.

    Listing date Mar 24, 2026

    Source Crexi

    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 NEUHAUS REALTY INC.

    HighLights

    • Semi‑attached 2‑family property.
    • Two bi‑level apartments offer income potential or space for extended family.
    • Finished basement with studio‑like setup, full bath, and separate entrance.
    • Built‑in garage.
    • Convenient location near transportation, shopping, and Verrazano‑Narrows Bridge.
    • No flood insurance required.

    Overview

    This semi-attached two-family property is located minutes from the Verrazano-Narrows Bridge. The property includes two bi-level apartments and a finished basement with a studio-like setup, a full bathroom, and a separate entry to the side yard. The first level, which is at ground level, has a side entrance leading into a bi-level one-bedroom, one-bathroom apartment. A built-in garage is also located at ground level. The main level features a two-bedroom bi-level apartment with an eat-in kitchen, living room, two bedrooms, and one bathroom. The property offers multiple possibilities, functioning as an income producer or providing space for a family. It is conveniently located near transportation, shopping, and the Verrazano-Narrows Bridge. The property size is 1440 square feet. No flood insurance is required.

    Local 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 $58.8k $40.80
    − Vacancy −$4.7k −$3.29
    EGI $54.0k $37.51
    − OpEx −$16.2k −$11.25
    NOI $37.8k $26.26
    1,440 SF · lease $40.80/SF/yr · vacancy 8.07% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $540.1K
    $472.6K – $630.1K (±1% cap)
    NOI $37,807 @ 7.0% cap · market cap 5.34%
    Second Best
    Apartment 5plus
    $496.9K
    $434.8K – $579.8K (±1% cap)
    NOI $34,785 @ 7.0% cap · market cap 4.91%
    Theoretical Best
    Office A
    $687.1K
    $601.2K – $801.6K (±1% cap)
    NOI $48,096 @ 7.0% cap · market cap 6.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Dental Office Spa & Massage Center Parking Lot & Garage Cafe & Coffee Shop Hair Salon Building Supply Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.06819
    Latitude
    40.595676

    FAQs

    What type of property is this?
    Duplex - Two bi-level apartments and finished basement near transportation and shopping.
    Where is this duplex located?
    The property is located at 176 Cedar Avenue Staten Island, NY.
    What is the asking price?
    The asking price for this property is $708,000.
    What are key features of this property?
    This property features: Semi‑attached 2‑family property.; Two bi‑level apartments offer income potential or space for extended family.; Finished basement with studio‑like setup, full bath, and separate entrance.
    More about this property
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