Two-Family Residential Income
43 Redgrave Avenue Staten Island, NY 10306
For Sale
Contact for pricing
Well-maintained two-family home on a corner lot with a separate side entrance for a one-bedroom apartment.
Property Size1,500 SF
Price / SF$583.33
Days on Market123
Property Features for 43 Redgrave Avenue
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1998
Listing Agency:
Keller Williams Realty Staten Island
(347) 672-2456
Listed By:
Geralyn Liverani · License #0566326
Source:
Crexi
Added: Mar 26
Changed: Jul 21
Last Checked: Jul 25 at 12:31PM
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 Keller Williams Realty Staten Island
Investment Insights
Based on property information with market context.
This beautifully maintained two-family residential income property features a main residence with three bedrooms, a bright living room with hardwood floors, a separate dining room, and an updated eat-in kitchen with granite countertops. The main level includes a slider leading to a covered deck, and the primary bedroom offers a private newer 3/4 bath and a walk-in closet. An additional apartment is accessed via a side entrance and is updated with a newer kitchen with granite countertops, a living room, a full bath, and one bedroom.
The home includes a garage and outdoor amenities such as a paved patio in the yard with a gazebo, along with French drains. Updates noted include a brand-new hot water heater and heating, air conditioning, and AC/heat units approximately five years old.
The one-bedroom apartment has its own furnace, AC units, and electric meter, supporting separation between units.
The home includes a garage and outdoor amenities such as a paved patio in the yard with a gazebo, along with French drains. Updates noted include a brand-new hot water heater and heating, air conditioning, and AC/heat units approximately five years old.
The one-bedroom apartment has its own furnace, AC units, and electric meter, supporting separation between units.
Key Highlights
- Well‑maintained 2‑family home built in 1998 on a corner lot
- Main residence features 3 bedrooms, hardwood floors, separate dining room, and updated eat‑in kitchen with granite countertops and stainless steel appliances
- Primary bedroom includes a private newer 3/4 bath and walk‑in closet
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 | $57.6k | $38.40 |
| − Vacancy | −$3.2k | −$2.11 |
| EGI | $54.4k | $36.29 |
| − OpEx | −$16.3k | −$10.89 |
| NOI | $38.1k | $25.40 |
1,500 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.3K
$476.3K – $635.0K
NOI $38,102 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$483.7K
$423.2K – $564.3K
NOI $33,858 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$715.7K
$626.3K – $835.0K
NOI $50,100 @ 7.0% cap · market cap 5.73%
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 - Well-maintained two-family home on a corner lot with a separate side entrance for a one-bedroom apartment.
Where is this duplex located?
The property is located at 43 Redgrave Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Well‑maintained 2‑family home built in 1998 on a corner lot; Main residence features 3 bedrooms, hardwood floors, separate dining room, and updated eat‑in kitchen with granite countertops and stainless steel appliances; Primary bedroom includes a private newer 3/4 bath and walk‑in closet
