Duplex Home with Above-Ground
For Sale
$1,149,000
194 Nugent Street, Staten Island, NY 10306
MULTI_FAMILY - Staten Island, NY
Property Size2,246 SF
Lot Size0.14 Acres
Price / SF$511.58
Days on Market218
Property Features for 194 Nugent Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1-3
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3
Parking features
Off Street, On Street
Patio and Porch features
Deck
Pool private
1
Fencing
Fenced
Basement
Partially Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Richmond Town
Standard status
Active
APN
02264-0031
Size
2,246 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
10467
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
deck
above ground pool
Building Details
Year built
1905
Floors in Building
3
Number of units
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Edward A Mezzadri Jr. · License #10401297160
(718) 370-3200
Added: Jan 18
Changed: Aug 18
Last Checked: Aug 24 at 4:06PM
MLS# 2600395
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.
Duplex home zoned R1-3 featuring separate living space in addition to the primary residence. The primary single-family home was originally built in 1905 and underwent a complete rebuild in 2006. The first floor offers an open concept with a living room, dining room, eat-in kitchen, three bedrooms, two baths, and a partially finished basement, along with two cooling units. A deck off the dining room leads to a fully decked above-ground pool. The additional living space includes a living room, kitchen, two bedrooms with walk-in closets, and a 3/4 bathroom.
Set on a 5,899 square foot lot on a secluded dead-end street in Richmondtown, the property borders the Staten Island Blue Belt. Exterior features include a deck and fencing. Construction is brick with vinyl siding, and utilities include public sewer. Heating is natural gas forced air, and cooling is central air. Parking is available off-street and on-street.
The duplex configuration is well suited for multi-generational living, with independent living areas designed to support household members while keeping a single property footprint.
Set on a 5,899 square foot lot on a secluded dead-end street in Richmondtown, the property borders the Staten Island Blue Belt. Exterior features include a deck and fencing. Construction is brick with vinyl siding, and utilities include public sewer. Heating is natural gas forced air, and cooling is central air. Parking is available off-street and on-street.
The duplex configuration is well suited for multi-generational living, with independent living areas designed to support household members while keeping a single property footprint.
Key Highlights
- Zoned R1‑3 duplex with separate living space plus primary residence
- 5,899 sq ft lot on a secluded dead‑end street in Richmondtown
- Primary home originally built in 1905 and fully rebuilt in 2006
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
$57,052
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
4.97%
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%
$1,141,040
$1.1M
Cap Rate 7%
$815,029
$815.0K
Cap Rate 9%
$633,911
$633.9K
Market Conditions
NOI Build-Up for 2,246 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
$86.2K $38.40/SF
− Vacancy
−$4.7K −$2.11/SF
EGI
$81.5K $36.29/SF
− OpEx
−$24.5K −$10.89/SF
NOI
$57.1K $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%
$1,141,040
Cap Rate 7%
$815,029
Cap Rate 9%
$633,911
Alternative Uses
Best Use
Multifamily LT 5
$815.0K
$713.2K – $950.9K
NOI $57,052 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$724.2K
$633.7K – $845.0K
NOI $50,697 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$1.07M
$937.7K – $1.25M
NOI $75,017 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
338
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex home zoned R1-3 with a fenced yard, central air, and an above-ground pool with deck access.
Where is this duplex located?
The property is located at 194 Nugent Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Zoned R1‑3 duplex with separate living space plus primary residence; 5,899 sq ft lot on a secluded dead‑end street in Richmondtown; Primary home originally built in 1905 and fully rebuilt in 2006
