Two-Family Duplex with Detached
For Sale
$599,999
Pending
193 Targee Street, Staten Island, NY 10304
A renovated ground-floor apartment complements a four-bedroom duplex and a detached garage.
Property Size2,010 SF
Days on Market8
Property Features for 193 Targee Street
General Information
Standard status
Pending
Size
2,010 SF
Total Parking Spaces
5
Property subtype
Duplex
Units
Unit Mix
1 x 2BR, 1 x 4BR
Multifamily Units
2
Additional Details
Cap Rate
11.7%
Taxes and HOA fees
Annual Taxes
$2,775
Building Details
Building Size
2,010 SF
Year Built
1920
Buildings
2
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 10:58AM
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 two-family property at 193 Targee Street includes a renovated two-bedroom apartment on the first floor and a four-bedroom duplex. A detached five-car garage provides additional on-site space. The property was built in 1920 and is located in Stapleton, Staten Island.
The offering may be acquired with the neighboring two-family home at 191 Targee Street, which is configured as a two-bedroom unit over a two-bedroom unit. The seller prefers a package sale.
The offering may be acquired with the neighboring two-family home at 191 Targee Street, which is configured as a two-bedroom unit over a two-bedroom unit. The seller prefers a package sale.
Key Highlights
- Two‑bedroom first‑floor apartment and four‑bedroom duplex
- Detached garage with capacity for five cars
- 11.7% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,669
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,380
$993.4K
Cap Rate 7%
$709,557
$709.6K
Cap Rate 9%
$551,878
$551.9K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$77.2K $38.40/SF
− Vacancy
−$6.2K −$3.10/SF
EGI
$71.0K $35.30/SF
− OpEx
−$21.3K −$10.59/SF
NOI
$49.7K $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%
$993,380
Cap Rate 7%
$709,557
Cap Rate 9%
$551,878
Alternative Uses
Best Use
Multifamily LT 5
$709.6K
$620.9K – $827.8K
NOI $49,669 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$650.3K
$569.0K – $758.7K
NOI $45,519 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$959.1K
$839.2K – $1.12M
NOI $67,134 @ 7.0% cap · market cap 11.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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
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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 - A renovated ground-floor apartment complements a four-bedroom duplex and a detached garage.
Where is this duplex located?
The property is located at 193 Targee Street Staten Island, NY.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: Two‑bedroom first‑floor apartment and four‑bedroom duplex; Detached garage with capacity for five cars; 11.7% cap rate
