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Renovated Two-Family Colonial with Income

486 Medina Street Staten Island, NY 10306

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Corner property with backyard privacy, modern luxury, and income potential.

Type:Multifamily
Property size:
2,290 SF
Price / SF:
$436.24/SF
Added:
May 22, 2026
Days on Market:
54
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 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


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.

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 (±1% cap)
NOI $58,170 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$738.4K
$646.1K – $861.5K (±1% cap)
NOI $51,690 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.09M
$956.1K – $1.27M (±1% cap)
NOI $76,487 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Furniture & Home Goods Electrical Service (Bike/Boat/Book/etc) Store Building Supply Daycare Center Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

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.
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