Two-Family Duplex with Fenced
For Sale
$649,900
2292 Richmond Terrace, Staten Island, NY 10302
R4-zoned two-family property with a private driveway and fenced side and rear outdoor areas.
Property Size1,800 SF
Days on Market109
Property Features for 2292 Richmond Terrace
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
R4
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,061
Amenities
fenced side and back yards
Building Details
Building Size
1,800 SF
Year Built
2001
Stories
3
Units
1
Listing Agency:
Atlantic Apple Realty
(718) 697-1560
Listed By:
Larry Richard
Source:
Joannecostarealty
Added: May 17
Changed: Aug 30
Last Checked: Aug 31 at 5:11PM
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 Atlantic Apple Realty
Investment Insights
Based on property information with market context.
Built in 2001, this semi-detached duplex is configured for two families and offers a practical residential income property format. The home includes a driveway sized for two cars, along with fenced side and rear yards that provide defined outdoor areas for occupants.
The property is located at 2292 Richmond Terrace in Staten Island, with access to transportation and shopping in the surrounding area. R4 zoning supports the property’s existing two-family configuration. Its combination of established improvements, off-street parking, and separate outdoor space creates a straightforward option for an owner seeking a two-family residential asset.
The property is located at 2292 Richmond Terrace in Staten Island, with access to transportation and shopping in the surrounding area. R4 zoning supports the property’s existing two-family configuration. Its combination of established improvements, off-street parking, and separate outdoor space creates a straightforward option for an owner seeking a two-family residential asset.
Key Highlights
- Two‑family duplex configuration
- Built in 2001
- R4 zoning
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
$44,763
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
6.89%
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%
$895,260
$895.3K
Cap Rate 7%
$639,471
$639.5K
Cap Rate 9%
$497,367
$497.4K
Market Conditions
NOI Build-Up for 1,800 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
$67.0K $37.20/SF
− Vacancy
−$3.0K −$1.67/SF
EGI
$63.9K $35.53/SF
− OpEx
−$19.2K −$10.66/SF
NOI
$44.8K $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 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%
$895,260
Cap Rate 7%
$639,471
Cap Rate 9%
$497,367
Alternative Uses
Best Use
Multifamily LT 5
$639.5K
$559.5K – $746.1K
NOI $44,763 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$570.2K
$499.0K – $665.3K
NOI $39,917 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,120 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
Explore this area
Business Placement
Demographics for 10302, NY
20,931
Population
6,927
Households
3
Avg Household Size
35
Median Age
29%
College-Educated
85%
High-School Grad
1.2 sq mi
ZIP Area
17,443
Density / Sq Mi
$76,089
Median Household Income
$43,608
Median Earnings
$1,800
Median Rent
$586,300
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 - R4-zoned two-family property with a private driveway and fenced side and rear outdoor areas.
Where is this duplex located?
The property is located at 2292 Richmond Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑family duplex configuration; Built in 2001; R4 zoning
