Standalone Two-Family
New
For Sale
$750,000
22 Melrose Pl, Staten Island, NY 10308
The 1940-built residence occupies a 50-by-100-foot lot and requires renovation.
Property Size1,496 SF
Lot Size0.11 Acres
Days on Market6
Property Features for 22 Melrose Pl
General Information
Standard status
Active
Size
1,496 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
Needs Renovation
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,581
Building Details
Building Size
1,496 SF
Year Built
1940
Buildings
1
Stories
2
Listed By:
Kenneth S. Tang
(718) 676-6611
Source:
Elliman
Added: Oct 7
Changed: Oct 9
Last Checked: Oct 12 at 7:28PM
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 Kenneth S. Tang
Investment Insights
Based on property information with market context.
This standalone duplex, built in 1940, contains two family residences and sits on a 50-by-100-foot lot. Renovation is needed.
TransitScore is 66, WalkScore is 48, and BikeScore is 41. The property is in Staten Island, New York, and is served by the S79 and S78 bus routes.
TransitScore is 66, WalkScore is 48, and BikeScore is 41. The property is in Staten Island, New York, and is served by the S79 and S78 bus routes.
Key Highlights
- Two‑family standalone residence
- 50×100‑foot lot
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,203
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,060
$744.1K
Cap Rate 7%
$531,471
$531.5K
Cap Rate 9%
$413,367
$413.4K
Market Conditions
NOI Build-Up for 1,496 SF
Gross rent
$55.7K $37.20/SF
− Vacancy
−$2.5K −$1.67/SF
EGI
$53.1K $35.53/SF
− OpEx
−$15.9K −$10.66/SF
NOI
$37.2K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,060
Cap Rate 7%
$531,471
Cap Rate 9%
$413,367
Alternative Uses
Best Use
Multifamily LT 5
$531.5K
$465.0K – $620.1K
NOI $37,203 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$473.9K
$414.7K – $552.9K
NOI $33,175 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$713.8K
$624.6K – $832.8K
NOI $49,967 @ 7.0% cap · market cap 6.66%
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
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
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 1940-built residence occupies a 50-by-100-foot lot and requires renovation.
Where is this duplex located?
The property is located at 22 Melrose Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family standalone residence; 50×100‑foot lot; Built in 1940
