Duplex with Separate Living
For Sale
$1,149,000
194 Nugent Street, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size2,246 SF
Lot Size0.14 Acres
Price / SF$511.58
Days on Market226
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, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bathroom 2
Parking features
On Street, Off 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
Forced Air, Natural Gas
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 29
Last Checked: Sep 1 at 11:06AM
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.
This 2,246-square-foot duplex sits on a 0.1354-acre lot and includes a primary residence plus a separate living area. The main home was built in 1905 and completely rebuilt in 2006, with an open first-floor layout containing a living room, dining room, eat-in kitchen, three bedrooms, and two bathrooms. It also includes a partially finished basement, central air, forced-air natural gas heat, and two cooling units. A dining-room deck extends to a fenced above-ground pool.
The additional living area provides a living room, kitchen, two bedrooms with walk-in closets, and a three-quarter bathroom. The property is zoned R1-3 and offers both on-street and off-street parking at 194 Nugent Street in Staten Island. Public sewer serves the property, which features brick and vinyl siding construction.
The additional living area provides a living room, kitchen, two bedrooms with walk-in closets, and a three-quarter bathroom. The property is zoned R1-3 and offers both on-street and off-street parking at 194 Nugent Street in Staten Island. Public sewer serves the property, which features brick and vinyl siding construction.
Key Highlights
- 2,246‑square‑foot duplex on a 0.1354‑acre lot
- Primary residence rebuilt in 2006; original construction dates to 1905
- Main residence includes 3 bedrooms and 2 bathrooms
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with a three-bedroom primary residence, additional two-bedroom quarters, deck, pool, and off-street parking.
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: 2,246‑square‑foot duplex on a 0.1354‑acre lot; Primary residence rebuilt in 2006; original construction dates to 1905; Main residence includes 3 bedrooms and 2 bathrooms
