Two-Family Residential Income
71 Osgood Avenue Staten Island, NY 10304
For Sale
Contact for pricing
Legal two-family currently used as an SRO and occupied, sold as-is with bank approval and cash-only terms.
Property Size1,100 SF
Price / SF$453.64
Days on Market66
Property Features for 71 Osgood Avenue
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1940
Listing Agency:
Revolution Real Estate
Listed By:
Salvatore Taormina · License #000000
Source:
Crexi
Added: May 22
Changed: Jul 10
Last Checked: Jul 25 at 7:32AM
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 Revolution Real Estate
Investment Insights
Based on property information with market context.
This legal two-family property is currently being utilized as a single room occupancy (SRO) and is occupied. The offering is subject to third-party bank approval and is being sold as-is, including all existing violations.
Located at 71 Osgood Avenue on Staten Island, the property is available for drive-by viewing only, with no interior access provided. Due to the short sale process, interested parties should plan accordingly for timing and due diligence.
For buyers evaluating a residential income asset in SRO configuration, this is a straightforward, occupied two-family with no access for interior verification and an as-is condition subject to existing violations. The transaction requires cash offers only, and approval remains contingent on the third-party bank.
Located at 71 Osgood Avenue on Staten Island, the property is available for drive-by viewing only, with no interior access provided. Due to the short sale process, interested parties should plan accordingly for timing and due diligence.
For buyers evaluating a residential income asset in SRO configuration, this is a straightforward, occupied two-family with no access for interior verification and an as-is condition subject to existing violations. The transaction requires cash offers only, and approval remains contingent on the third-party bank.
Key Highlights
- Legal two‑family currently used as an SRO (single room occupancy) and is occupied
- Sold as‑is with all existing violations
- Short sale subject to third‑party bank approval; cash offers only
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 | $42.2k | $38.40 |
| − Vacancy | −$3.4k | −$3.10 |
| EGI | $38.8k | $35.30 |
| − OpEx | −$11.6k | −$10.59 |
| NOI | $27.2k | $24.71 |
1,100 SF · lease $38.40/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$388.3K
$339.8K – $453.0K
NOI $27,182 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$355.9K
$311.4K – $415.2K
NOI $24,911 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$524.9K
$459.3K – $612.3K
NOI $36,740 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Legal two-family currently used as an SRO and occupied, sold as-is with bank approval and cash-only terms.
Where is this duplex located?
The property is located at 71 Osgood Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Legal two‑family currently used as an SRO (single room occupancy) and is occupied; Sold as‑is with all existing violations; Short sale subject to third‑party bank approval; cash offers only
