Two-Family Duplex with Finished
For Sale
$839,900
Pending
41 Mundy Ave, Staten Island, NY 10310
Each residence includes three bedrooms, with additional finished attic space and a full basement for storage.
Property Size2,040 SF
Days on Market218
Property Features for 41 Mundy Ave
General Information
Standard status
Pending
Size
2,040 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Listing Agency:
EXP Realty
Listed By:
Senada Grafas · License #10401394614
(646) 512-2926
Source:
Statenislandhomelistings
Added: Jan 28
Changed: Sep 2
Last Checked: Sep 1 at 8:06PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This 2,040-square-foot duplex contains two residential units, each configured with three bedrooms. A finished attic adds flexible space for recreation or a home office, while the full basement provides substantial storage. The property was built in 1920 and is zoned R3X.
Outdoor features include a paver patio and a broad backyard area suited to entertaining, gardening, or everyday use. The home sits on a tree-lined street in Westerleigh, with shopping, dining, parks, and public transportation nearby. Its two-unit layout supports owner occupancy, multi-generational living, or leasing arrangements described in the property information.
Outdoor features include a paver patio and a broad backyard area suited to entertaining, gardening, or everyday use. The home sits on a tree-lined street in Westerleigh, with shopping, dining, parks, and public transportation nearby. Its two-unit layout supports owner occupancy, multi-generational living, or leasing arrangements described in the property information.
Key Highlights
- Two‑unit duplex with 3 bedrooms in each residence
- 2,040 square feet of building area
- Finished attic suited for recreation or home office use
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
$50,731
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
6.04%
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%
$1,014,620
$1.0M
Cap Rate 7%
$724,729
$724.7K
Cap Rate 9%
$563,678
$563.7K
Market Conditions
NOI Build-Up for 2,040 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
$75.9K $37.20/SF
− Vacancy
−$3.4K −$1.67/SF
EGI
$72.5K $35.53/SF
− OpEx
−$21.7K −$10.66/SF
NOI
$50.7K $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%
$1,014,620
Cap Rate 7%
$724,729
Cap Rate 9%
$563,678
Alternative Uses
Best Use
Multifamily LT 5
$724.7K
$634.1K – $845.5K
NOI $50,731 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$646.3K
$565.5K – $754.0K
NOI $45,239 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$973.4K
$851.7K – $1.14M
NOI $68,136 @ 7.0% cap · market cap 8.11%
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
1,370
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
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 - Each residence includes three bedrooms, with additional finished attic space and a full basement for storage.
Where is this duplex located?
The property is located at 41 Mundy Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms in each residence; 2,040 square feet of building area; Finished attic suited for recreation or home office use
