Two-Family Residential Income
19 1st Street Staten Island, NY 10306
For Sale
Contact for pricing
Spacious two-family home with two-car attached garage, porch, and a private backyard, offering flexible occupied or vacant delivery.
Property Size1,856 SF
Price / SF$586.21
Days on Market177
Property Features for 19 1st Street
General Information
- Standard status
- Active
- Size
- 1,856 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1899
Listing Agency:
Red Door Realty Group
(646) 423-1246
Listed By:
Stephen Loffredo
Source:
Crexi
Added: Jan 30
Changed: Jul 23
Last Checked: Jul 26 at 11:53AM
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 Red Door Realty Group
Investment Insights
Based on property information with market context.
This spacious two-family home is configured as Unit 1 on the first floor plus a finished basement and Unit 2 on the second and third floors. Unit 1 is a two-bedroom, two-bath layout and is currently occupied, with updated kitchen finishes, renovated bathrooms, an in-unit washer and dryer, and a fully finished basement used as additional living space. Unit 2 offers two bedrooms and one bathroom across multiple levels, with a large living area featuring multiple windows, access to an outdoor balcony, and a third-floor finished attic currently used as an entertainment space and home office.
The property includes an attached two-car garage, a large front porch, and a quiet, low-maintenance backyard. The home is described as having a strong rental history with on-time payments, and it may be delivered vacant or fully occupied depending on the buyer’s preference.
Overall, the layout provides separate multi-level living areas within a single residential building, supported by in-unit laundry for Unit 1 and outdoor space at both the front porch and backyard.
The property includes an attached two-car garage, a large front porch, and a quiet, low-maintenance backyard. The home is described as having a strong rental history with on-time payments, and it may be delivered vacant or fully occupied depending on the buyer’s preference.
Overall, the layout provides separate multi-level living areas within a single residential building, supported by in-unit laundry for Unit 1 and outdoor space at both the front porch and backyard.
Key Highlights
- Two‑family home built in 1899 with Unit 1 (first floor + finished basement) and Unit 2 (second & third floors).
- Unit 1 is a 2‑bedroom, 2‑bath unit currently occupied by tenants and includes an updated kitchen, renovated bathrooms, and in‑unit washer/dryer.
- Unit 1 features a fully finished basement used as a family room and entertainment space.
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 | $71.3k | $38.40 |
| − Vacancy | −$3.9k | −$2.11 |
| EGI | $67.4k | $36.29 |
| − OpEx | −$20.2k | −$10.89 |
| NOI | $47.1k | $25.40 |
1,856 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.5K
$589.3K – $785.8K
NOI $47,145 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$598.5K
$523.7K – $698.2K
NOI $41,894 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$885.6K
$774.9K – $1.03M
NOI $61,991 @ 7.0% cap · market cap 5.70%
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 - Spacious two-family home with two-car attached garage, porch, and a private backyard, offering flexible occupied or vacant delivery.
Where is this duplex located?
The property is located at 19 1st Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: Two‑family home built in 1899 with Unit 1 (first floor + finished basement) and Unit 2 (second & third floors).; Unit 1 is a 2‑bedroom, 2‑bath unit currently occupied by tenants and includes an updated kitchen, renovated bathrooms, and in‑unit washer/dryer.; Unit 1 features a fully finished basement used as a family room and entertainment space.
