Duplex with Finished
For Sale
$839,900
Pending
41 Mundy Avenue, Staten Island, NY 10310
MULTI_FAMILY - Staten Island, NY
Property Size2,040 SF
Lot Size0.07 Acres
Days on Market128
Property Features for 41 Mundy Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 3
Parking features
On Street
Basement
Unfinished
Subdivision
Westerleigh
Standard status
Pending
APN
5-0353-0010
Size
2,040 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
5831
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Senada Grafas
(646) 512-2926
Added: Apr 2
Changed: Aug 3
Last Checked: Aug 7 at 11:06PM
MLS# 2601709
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.
Duplex (two-family) home offering two separate units, each with three bedrooms. The property includes a large finished attic for recreation, a home office, or flexible use, plus a full basement that provides storage and future possibilities. Exterior materials include vinyl siding. Heating is provided by natural gas with hot water heating, and the home is connected to public sewer. Parking is on-street.
Set on a 0.0692-acre lot at 41 Mundy Avenue in Staten Island (Richmond County), the home features a backyard with a paver patio and an expansive open area suited for entertaining, gardening, or outdoor customization. Built in 1920, the property is zoned R3X.
With three bedrooms in each unit and additional flexible indoor and outdoor space, the layout supports a range of living arrangements, including owner-occupancy with rental income or leasing both units.
Set on a 0.0692-acre lot at 41 Mundy Avenue in Staten Island (Richmond County), the home features a backyard with a paver patio and an expansive open area suited for entertaining, gardening, or outdoor customization. Built in 1920, the property is zoned R3X.
With three bedrooms in each unit and additional flexible indoor and outdoor space, the layout supports a range of living arrangements, including owner-occupancy with rental income or leasing both units.
Key Highlights
- 0.0692‑acre lot and 2,040 SF duplex home
- Each unit includes three bedrooms
- Large finished attic plus full basement for storage and flexibility
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
Multi-tenant
Tenancy
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 - Two-unit duplex with three bedrooms per unit and R3X zoning.
Where is this duplex located?
The property is located at 41 Mundy Avenue 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: 0.0692‑acre lot and 2,040 SF duplex home; Each unit includes three bedrooms; Large finished attic plus full basement for storage and flexibility
