Two-Unit Two-Bedroom
For Sale
$499,999
Pending
191 Targee Street, Staten Island, NY 10304
The upper and lower apartments each contain two bedrooms.
Property Size1,540 SF
Days on Market8
Property Features for 191 Targee Street
General Information
Standard status
Pending
Size
1,540 SF
Property subtype
Duplex
Additional Details
Cap Rate
8.7%
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,963
Building Details
Building Size
1,540 SF
Year Built
1910
Buildings
1
Listing Agency:
Martino Realty Group
Listed By:
Albert Benzaken · License #30BE0979103
(718) 608-9400
Source:
Wonicarealtors
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 11 at 10:42AM
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 Martino Realty Group
Investment Insights
Based on property information with market context.
This duplex contains two apartments, with a two-bedroom layout on each level. The property was built in 1910 and has an 8.7 CAP Rate.
The building may be acquired individually or together with the neighboring investment property at 193 Targee Street.
The building may be acquired individually or together with the neighboring investment property at 193 Targee Street.
Key Highlights
- Two apartments, each with a two‑bedroom layout
- 8.7 CAP Rate
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,055
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,100
$761.1K
Cap Rate 7%
$543,643
$543.6K
Cap Rate 9%
$422,833
$422.8K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$59.1K $38.40/SF
− Vacancy
−$4.8K −$3.10/SF
EGI
$54.4K $35.30/SF
− OpEx
−$16.3K −$10.59/SF
NOI
$38.1K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$761,100
Cap Rate 7%
$543,643
Cap Rate 9%
$422,833
Alternative Uses
Best Use
Multifamily LT 5
$543.6K
$475.7K – $634.3K
NOI $38,055 @ 7.0% cap · market cap 7.61%
Second Best
Apartment 5plus
$498.2K
$435.9K – $581.3K
NOI $34,875 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$734.8K
$643.0K – $857.3K
NOI $51,436 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
Check the figures for this property
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 - The upper and lower apartments each contain two bedrooms.
Where is this duplex located?
The property is located at 191 Targee Street Staten Island, NY.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: Two apartments, each with a two‑bedroom layout; 8.7 CAP Rate; Built in 1910
