Renovated Two-Family Colonial with
486 Medina Street, Staten Island, NY 10306
Corner property with backyard privacy, modern luxury, and income potential.
Type:Multifamily
Property size:
2,290 SFPrice / SF:
$436/SF- Added:
- May 22, 2026
- Days on Market:
- 9
- Last Refresh:
- May 27 at 8:20 am
Property Features for 486 Medina Street
General Information
- Standard status
- Active
- Size
- 2,290 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1999
Listing agent Tsun Ming Lau License #10301216684
Listing office Reliance Realty One
Listing date May 22, 2026
Source Crexi
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 Reliance Realty One
HighLights
- Legal two‑family Colonial featuring a studio rental unit generating $1,075/month in passive income.
- Newly renovated with premium upgrades including a new HVAC system, flooring, paint, and garage motor.
- Private backyard with a patio, perfect for outdoor dining and relaxation.
- Fully updated main living area with a new eat‑in kitchen featuring premium countertops and stainless‑steel appliances.
- Spacious master bedroom with a walk‑in closet and full bath.
- Located in a highly desirable neighborhood, close to schools, shopping, and public transportation.
Overview
Located on a corner lot, this renovated two-family Colonial offers backyard privacy. The legal two-family home features modern luxury, versatile living space, and income potential. Situated in a desirable and peaceful neighborhood, the property has curb appeal, an extra-large front yard, and new brick details. Recent upgrades include a new HVAC furnace and condenser, refurbished flooring on the first floor, new flooring on the second floor, and new paint throughout. A new remote-open garage motor has also been installed. The main living area features a bright and airy open layout. The first floor includes a living room, formal dining area, and an oversized family room. The eat-in kitchen has premium countertops, cabinetry, and stainless-steel appliances. Upstairs, the main unit has a master bedroom with a walk-in closet and full bath, two additional bedrooms, and a full bathroom. A legal studio rental unit above the attached garage, with a separate entrance, generates $1,075 per month in rental income. The property includes a backyard patio. The home is located near schools, shopping, and public transportation. The property size is 2,290 square feet.
Local 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 | $87.9k | $38.40 |
| − Vacancy | −$4.8k | −$2.11 |
| EGI | $83.1k | $36.29 |
| − OpEx | −$24.9k | −$10.89 |
| NOI | $58.2k | $25.40 |
2,290 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$831.0K
$727.1K – $969.5K
NOI $58,170 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$738.4K
$646.1K – $861.5K
NOI $51,690 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.09M
$956.1K – $1.27M
NOI $76,487 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.120471
- Latitude
- 40.55862
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Corner property with backyard privacy, modern luxury, and income potential.
Where is this duplex located?
The property is located at 486 Medina Street Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Legal two‑family Colonial featuring a studio rental unit generating $1,075/month in passive income.; Newly renovated with premium upgrades including a new HVAC system, flooring, paint, and garage motor.; Private backyard with a patio, perfect for outdoor dining and relaxation.
