Two-Family Residential Income
471 Main Street Staten Island, NY 10307
For Sale
$1,399,999
Well-maintained two-family home with an eat-in kitchen, finished basement, inground pool, and solar panels.
Property Size2,740 SF
Price / SF$510.95
Days on Market186
Property Features for 471 Main Street
General Information
- Standard status
- Active
- Size
- 2,740 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1992
Listing Agency:
RE/MAX Central
(732) 972-1000
Listed By:
Giovanni Randazzo · License #1429940
(732) 972-1000
Source:
Compass
Added: Jan 21
Changed: Jul 22
Last Checked: Jul 23 at 6:47AM
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 RE/MAX Central
Investment Insights
Based on property information with market context.
471 Main Street presents a well-maintained two-family residence with generous interior living space and flexible room options. The main level features a bright living room flowing into a spacious dining area, along with a large eat-in kitchen with ample cabinetry and granite countertops. Just off the kitchen, a family room with a fireplace provides an additional gathering space, and a large finished basement adds more recreational or living area, including a spare bedroom.
Outside, the property includes an inground pool. Additional conveniences include solar panels, a car charging station, and a double driveway providing parking for up to five vehicles. The home also offers an updated upstairs bathroom and second-floor laundry.
The second unit adds flexibility for rental income or multi-generational use, supporting a practical owner-occupant or investor setup. The property is located near shopping, transportation, and local amenities in the Tottenville area of Staten Island.
Outside, the property includes an inground pool. Additional conveniences include solar panels, a car charging station, and a double driveway providing parking for up to five vehicles. The home also offers an updated upstairs bathroom and second-floor laundry.
The second unit adds flexibility for rental income or multi-generational use, supporting a practical owner-occupant or investor setup. The property is located near shopping, transportation, and local amenities in the Tottenville area of Staten Island.
Key Highlights
- Two‑family home built in 1992 with 4 total baths (3 full, plus 1 additional bath).
- Eat‑in kitchen with granite countertops, plus separate formal living room and dining area.
- Full finished basement with extra bedroom; includes gas hot water heat and central air (1 A/C unit).
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 | $101.9k | $37.20 |
| − Vacancy | −$4.6k | −$1.67 |
| EGI | $97.3k | $35.53 |
| − OpEx | −$29.2k | −$10.66 |
| NOI | $68.1k | $24.87 |
2,740 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$973.4K
$851.7K – $1.14M
NOI $68,139 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$868.0K
$759.5K – $1.01M
NOI $60,762 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,517 @ 7.0% cap · market cap 6.54%
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 with an eat-in kitchen, finished basement, inground pool, and solar panels.
Where is this duplex located?
The property is located at 471 Main Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Two‑family home built in 1992 with 4 total baths (3 full, plus 1 additional bath).; Eat‑in kitchen with granite countertops, plus separate formal living room and dining area.; Full finished basement with extra bedroom; includes gas hot water heat and central air (1 A/C unit).
