Renovated Two-Family
51 Elwood Avenue Staten Island, NY 10314
51 Elwood Avenue, Staten Island, NY, 10314
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For Sale
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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$534.90
Days on Market83
Property Features for 51 Elwood Avenue
General Information
- Standard status
- Active
- Size
- 2,206 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1982
Listing agency
Berns Agency
Listed by
Adam Weintraub · License #30WE1049540
Source
Crexi
Added: May 1 Updated: Jul 21 at 4:34AM Checked: Jul 21 at 4:34AM
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
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
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 | $90.0k | $40.80 |
| − Vacancy | −$4.1k | −$1.84 |
| EGI | $86.0k | $38.96 |
| − OpEx | −$25.8k | −$11.69 |
| NOI | $60.2k | $27.27 |
2,206 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$859.5K
$752.1K – $1.00M
NOI $60,168 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$797.0K
$697.4K – $929.9K
NOI $55,792 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$1.05M
$921.0K – $1.23M
NOI $73,681 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
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 Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,180,000.
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
