Renovated Two-Family Colonial with
For Sale
Contact for pricing
Pending
486 Medina Street, Staten Island, NY 10306
Corner property with backyard privacy, modern luxury, and income potential.
Property Size2,290 SF
Days on Market106
Property Features for 486 Medina Street
General Information
Standard status
Pending
Size
2,290 SF
Property subtype
Multifamily
Zoning
R3-2
Building Details
Year Built
1999
Stories
9
Units
2
Listing Agency:
Reliance Realty One
Listed By:
Tsun Ming Lau · License #10301216684
(917) 332-8987
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Jul 24 at 6:34PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,170
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,163,400
$1.2M
Cap Rate 7%
$831,000
$831.0K
Cap Rate 9%
$646,333
$646.3K
Market Conditions
NOI Build-Up for 2,290 SF
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.
Gross rent
$87.9K $38.40/SF
− Vacancy
−$4.8K −$2.11/SF
EGI
$83.1K $36.29/SF
− OpEx
−$24.9K −$10.89/SF
NOI
$58.2K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,163,400
Cap Rate 7%
$831,000
Cap Rate 9%
$646,333
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
575
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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.
