Two-Family Colonial
For Sale
$1,315,000
1841 Richmond Road, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size3,360 SF
Lot Size0.18 Acres
Price / SF$391.37
Days on Market102
Property Features for 1841 Richmond Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 2
Parking features
Carport
Patio and Porch features
Deck, Patio
Pool private
1
Fencing
Fenced
Basement
Finished, Apartment, Full
Lot features
Front Yard, Back Yard
Subdivision
Todt Hill
Standard status
Active
Size
3,360 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
17198
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
pool
fireplace
Building Details
Year built
2006
Floors in Building
2
Number of units
2
Building materials
Stone, Stucco
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Michael Santangelo
(917) 885-3610
Added: Jun 12
Changed: Sep 13
Last Checked: Sep 21 at 8:06PM
MLS# 2603327
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-family Colonial duplex, built in 2006, offers 3,360 square feet on a 0.181-acre lot. The primary residence includes an eat-in kitchen with island, dinette, formal dining room, living room with fireplace, office or playroom, laundry room, multiple bathrooms, and bedrooms with private bath and walk-in closet features. Hardwood flooring, forced-air natural gas heat, central air, and stone and stucco construction add to the home’s physical profile.
A separate five-room apartment provides two bedrooms and can accommodate rental or extended-family use. The property also includes a private driveway, carport, deck, patio, fenced grounds, and private inground pool. Public sewer service is in place, and the R3X zoning designation supports its two-family configuration.
A separate five-room apartment provides two bedrooms and can accommodate rental or extended-family use. The property also includes a private driveway, carport, deck, patio, fenced grounds, and private inground pool. Public sewer service is in place, and the R3X zoning designation supports its two-family configuration.
Key Highlights
- Two‑family duplex with 3,360 square feet of building area
- 0.181‑acre lot with fenced grounds and private inground pool
- Separate five‑room apartment with two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$85,349
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,706,980
$1.7M
Cap Rate 7%
$1,219,271
$1.2M
Cap Rate 9%
$948,322
$948.3K
Market Conditions
NOI Build-Up for 3,360 SF
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.
Gross rent
$129.0K $38.40/SF
− Vacancy
−$7.1K −$2.11/SF
EGI
$121.9K $36.29/SF
− OpEx
−$36.6K −$10.89/SF
NOI
$85.3K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,706,980
Cap Rate 7%
$1,219,271
Cap Rate 9%
$948,322
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,349 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$1.08M
$948.0K – $1.26M
NOI $75,842 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,225 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,086
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - R3X-zoned duplex with a private pool, separate apartment, and outdoor entertaining areas.
Where is this duplex located?
The property is located at 1841 Richmond Road Staten Island, NY.
What is the asking price?
The asking price for this property is $1,315,000.
What are key features of this property?
This property features: Two‑family duplex with 3,360 square feet of building area; 0.181‑acre lot with fenced grounds and private inground pool; Separate five‑room apartment with two bedrooms
