Two-Family Residential Income
412 Port Richmond Avenue Staten Island, NY 10302
For Sale
Contact for pricing
Updated two-family home with separate living areas, a finished basement, and deck access for flexible tenant setups.
Property Size1,632 SF
Price / SF$489.58
Days on Market61
Property Features for 412 Port Richmond Avenue
General Information
- Standard status
- Active
- Size
- 1,632 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing Agency:
Spiegel Realty LLC
Listed By:
Sandra Spiegel · License #10491201104
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 24 at 12:35PM
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 Spiegel Realty LLC
Investment Insights
Based on property information with market context.
This updated two-family residential property is set up with a main-floor unit and an upstairs unit. The first unit features a large living room, dining room, and an eat-in kitchen with an oversized pantry, plus access to a deck. It also includes two bedrooms and a full bathroom. The upstairs second unit offers a living room, dining room, three bedrooms, a full bath, and access to a large stand-up attic area that is currently configured as one room but can be divided into additional bedrooms.
The property also includes a fully finished basement with a kitchen, an extra room, a laundry room, and a bathroom with a shower. A side door leads to the driveway, supporting convenient access between indoor and outdoor areas.
Internally, the home includes features such as Pergo floors, recessed lighting, and ceiling fans, along with efficient hot water heat and AC. The roof is approximately three years old, and the layout provides practical, multi-room living space across both floors and the finished basement for tenants or owner-occupants looking for separate configurations.
The property also includes a fully finished basement with a kitchen, an extra room, a laundry room, and a bathroom with a shower. A side door leads to the driveway, supporting convenient access between indoor and outdoor areas.
Internally, the home includes features such as Pergo floors, recessed lighting, and ceiling fans, along with efficient hot water heat and AC. The roof is approximately three years old, and the layout provides practical, multi-room living space across both floors and the finished basement for tenants or owner-occupants looking for separate configurations.
Key Highlights
- Updated 2‑family house built in 1920 with separate living areas across the main and upper units
- Main floor unit features a large living room, dining room, eat‑in kitchen, extra‑large pantry, and access to a deck
- Upper unit includes a living room, dining room, 3 bedrooms, a full bath, and access to a large stand‑up attic that can be divided
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 | $60.7k | $37.20 |
| − Vacancy | −$2.7k | −$1.67 |
| EGI | $58.0k | $35.53 |
| − OpEx | −$17.4k | −$10.66 |
| NOI | $40.6k | $24.87 |
1,632 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.8K
$507.3K – $676.4K
NOI $40,585 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$517.0K
$452.4K – $603.2K
NOI $36,191 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$778.7K
$681.4K – $908.5K
NOI $54,509 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated two-family home with separate living areas, a finished basement, and deck access for flexible tenant setups.
Where is this duplex located?
The property is located at 412 Port Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Updated 2‑family house built in 1920 with separate living areas across the main and upper units; Main floor unit features a large living room, dining room, eat‑in kitchen, extra‑large pantry, and access to a deck; Upper unit includes a living room, dining room, 3 bedrooms, a full bath, and access to a large stand‑up attic that can be divided
