Two-Family Residential Income
For Sale
$799,000
Pending
412 Port Richmond Ave, Staten Island, NY 10302
Updated two-family home with separate living areas, a finished basement, and deck access for flexible tenant setups.
Property Size1,632 SF
Days on Market156
Property Features for 412 Port Richmond Ave
General Information
Standard status
Pending
Size
1,632 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Spiegel Realty LLC
Listed By:
Sandra Spiegel · License #10491201104
(347) 816-3075
Source:
Statenislandhomelistings
Added: May 25
Changed: Oct 25
Last Checked: Oct 26 at 4:56PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$40,585
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$811,700
$811.7K
Cap Rate 7%
$579,786
$579.8K
Cap Rate 9%
$450,944
$450.9K
Market Conditions
NOI Build-Up for 1,632 SF
Gross rent
$60.7K $37.20/SF
− Vacancy
−$2.7K −$1.67/SF
EGI
$58.0K $35.53/SF
− OpEx
−$17.4K −$10.66/SF
NOI
$40.6K $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 Rate 5%
$811,700
Cap Rate 7%
$579,786
Cap Rate 9%
$450,944
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 authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 Ave 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
