Two-Family Residential Income
3 Mann Avenue Staten Island, NY 10314
For Sale
$919,000
Two-unit home with separate utilities, featuring a 3-bedroom main unit and a vacant 1-bedroom basement apartment.
Property Size1,200 SF
Price / SF$765.83
Days on Market165
Property Features for 3 Mann Avenue
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 2004
Listing Agency:
Robert DeFalco Realty, Inc.
(347) 837-6989
Listed By:
Ann Grande · License #40GR1025086
(347) 837-6989
Source:
Compass
Added: Feb 11
Changed: Jul 20
Last Checked: Jul 25 at 10:48AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This two-family residence offers a 3-bedroom main unit and a 1-bedroom basement apartment. The main house includes a foyer entry, a large formal living room, a half bath, a formal dining room, and a large eat-in kitchen with sliders to the yard. The second floor provides three bedrooms and a full bath. Separate utilities include two hot water tanks, two gas meters, and two electric meters, with central air in the main house and an AC unit used in the basement apartment. The basement includes a utility area plus the remainder of the apartment.
The basement apartment is currently vacant and ready to be rented. The property is described as being near stores, transportation, restaurants, and an expressway to support convenient commuting.
The main unit is currently tenant-occupied, and the tenant is described as wishing to stay, while indicating they will move if needed. Floor plans and a video are available per the listing remarks.
The basement apartment is currently vacant and ready to be rented. The property is described as being near stores, transportation, restaurants, and an expressway to support convenient commuting.
The main unit is currently tenant-occupied, and the tenant is described as wishing to stay, while indicating they will move if needed. Floor plans and a video are available per the listing remarks.
Key Highlights
- Two‑family home built in 2004 with a 3‑bedroom main unit and a 1‑bedroom basement apartment
- Separate utilities with 2 hot water tanks, 2 gas meters, and 2 electric meters
- Main unit includes central air, forced‑air gas heat, formal living and dining rooms, and an eat‑in kitchen with yard/deck access
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.0k | $40.80 |
| − Vacancy | −$2.2k | −$1.84 |
| EGI | $46.8k | $38.96 |
| − OpEx | −$14.0k | −$11.69 |
| NOI | $32.7k | $27.27 |
1,200 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$467.6K
$409.1K – $545.5K
NOI $32,730 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$433.6K
$379.4K – $505.8K
NOI $30,349 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,080 @ 7.0% cap · market cap 4.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit home with separate utilities, featuring a 3-bedroom main unit and a vacant 1-bedroom basement apartment.
Where is this duplex located?
The property is located at 3 Mann Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $919,000.
What are key features of this property?
This property features: Two‑family home built in 2004 with a 3‑bedroom main unit and a 1‑bedroom basement apartment; Separate utilities with 2 hot water tanks, 2 gas meters, and 2 electric meters; Main unit includes central air, forced‑air gas heat, formal living and dining rooms, and an eat‑in kitchen with yard/deck access
