Detached Two-Family Hi-Ranch
604 Ionia Avenue Staten Island, NY 10312
For Sale
Contact for pricing
All-brick two-family detached hi-ranch with hardwood floors, a large finished basement, and a private yard.
Property Size2,646 SF
Price / SF$434.58
Days on Market122
Property Features for 604 Ionia Avenue
General Information
- Standard status
- Active
- Size
- 2,646 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing Agency:
Homes R US Realty Of NY Inc
(917) 856-2012
Listed By:
Gennady (Gary) Papirov · License #NY
Source:
Crexi
Added: Mar 27
Changed: Jul 20
Last Checked: Jul 22 at 12:06PM
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 Homes R US Realty Of NY Inc
Investment Insights
Based on property information with market context.
Located at 604 Ionia Avenue on Staten Island, this all-brick detached two-family hi-ranch is presented in excellent condition. The home features hardwood floors and a brand-new roof with a transferable warranty. Interior updates include a new custom kitchen and bath, and the layout provides both comfortable living space and a dedicated ground-level rental unit.
The first level includes an entry foyer, a family room with fireplace, and a 2-bedroom rental apartment. The second level offers a living room, dining room, kitchen, full bath, a master bedroom, and two additional bedrooms. The full finished basement includes a recreation room, utilities, laundry area, and a 3/4 bath, adding substantial additional usable space. Outside, there is a private yard.
The property is conveniently situated on a beautiful, quiet, tree-lined street close to highway access, schools, parks, shopping, and transportation.
The first level includes an entry foyer, a family room with fireplace, and a 2-bedroom rental apartment. The second level offers a living room, dining room, kitchen, full bath, a master bedroom, and two additional bedrooms. The full finished basement includes a recreation room, utilities, laundry area, and a 3/4 bath, adding substantial additional usable space. Outside, there is a private yard.
The property is conveniently situated on a beautiful, quiet, tree-lined street close to highway access, schools, parks, shopping, and transportation.
Key Highlights
- All‑brick 2‑family detached hi‑ranch, built in 1965
- New custom kitchen and new custom bath plus hardwood floors
- Brand new roof with transferable warranty
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 | $101.6k | $38.40 |
| − Vacancy | −$8.2k | −$3.10 |
| EGI | $93.4k | $35.30 |
| − OpEx | −$28.0k | −$10.59 |
| NOI | $65.4k | $24.71 |
2,646 SF · lease $38.40/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$934.1K
$817.3K – $1.09M
NOI $65,385 @ 7.0% cap · market cap 5.69%
Second Best
Apartment 5plus
$821.8K
$719.1K – $958.8K
NOI $57,525 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,377 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - All-brick two-family detached hi-ranch with hardwood floors, a large finished basement, and a private yard.
Where is this duplex located?
The property is located at 604 Ionia Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: All‑brick 2‑family detached hi‑ranch, built in 1965; New custom kitchen and new custom bath plus hardwood floors; Brand new roof with transferable warranty
