Renovated Two-Family
For Sale
$1,100,000
51 Elwood Ave, Staten Island, NY 10314
Extra-large newly renovated two-family with 11 rooms, 5 bedrooms, 4 baths, partial basement, garage, and ample off-street parking.
Property Size2,206 SF
Price / SF$498.64
Days on Market189
Property Features for 51 Elwood Ave
General Information
Standard status
Active
Size
2,206 SF
Property subtype
Multi-Family
Building Details
Year Built
1982
Listing Agency:
Berns Agency
Listed By:
Adam S Weintraub · License #30WE1049540
Source:
Statenislandhomelistings
Added: Apr 22
Changed: Oct 25
Last Checked: Oct 26 at 4:27PM
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 Berns Agency
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Investment Insights
Based on property information with market context.
This extra-large newly renovated two-family residence offers a total of 11 rooms with five bedrooms and four bathrooms. The main unit features seven rooms, including three bedrooms and three bathrooms. A side-door apartment includes four rooms, with two bedrooms and one full bathroom.
The property has two furnaces and two hot water tanks. Additional improvements include a partially finished full basement and a one-car garage, along with four off-street parking spaces. The exterior is described as beautifully landscaped.
With separate unit layouts and substantial room count, the home can support a variety of residential income or owner-occupant living arrangements. All details above reflect the information provided in the listing remarks.
The property has two furnaces and two hot water tanks. Additional improvements include a partially finished full basement and a one-car garage, along with four off-street parking spaces. The exterior is described as beautifully landscaped.
With separate unit layouts and substantial room count, the home can support a variety of residential income or owner-occupant living arrangements. All details above reflect the information provided in the listing remarks.
Key Highlights
- Newly renovated 2‑family built in 1982 offering 11 rooms, 5 bedrooms, and 4 bathrooms
- Main unit features 7 rooms with 3 bedrooms and 3 bathrooms
- Side door apartment includes 4 rooms with 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,168
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,360
$1.2M
Cap Rate 7%
$859,543
$859.5K
Cap Rate 9%
$668,533
$668.5K
Market Conditions
NOI Build-Up for 2,206 SF
Gross rent
$90.0K $40.80/SF
− Vacancy
−$4.1K −$1.84/SF
EGI
$86.0K $38.96/SF
− OpEx
−$25.8K −$11.69/SF
NOI
$60.2K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,203,360
Cap Rate 7%
$859,543
Cap Rate 9%
$668,533
Alternative Uses
Best Use
Multifamily LT 5
$859.5K
$752.1K – $1.00M
NOI $60,168 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$797.0K
$697.4K – $929.9K
NOI $55,792 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$1.05M
$921.0K – $1.23M
NOI $73,681 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,228
Businesses Nearby
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Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Extra-large newly renovated two-family with 11 rooms, 5 bedrooms, 4 baths, partial basement, garage, and ample off-street parking.
Where is this duplex located?
The property is located at 51 Elwood Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Newly renovated 2‑family built in 1982 offering 11 rooms, 5 bedrooms, and 4 bathrooms; Main unit features 7 rooms with 3 bedrooms and 3 bathrooms; Side door apartment includes 4 rooms with 2 bedrooms and 1 full bathroom
