Two-Family Residential Income
For Sale
$449,000
Pending
71 Osgood Ave, Staten Island, NY 10304
Legal two-family currently used as an SRO and occupied, sold as-is with bank approval and cash-only terms.
Property Size1,100 SF
Days on Market148
Property Features for 71 Osgood Ave
General Information
Standard status
Pending
Size
1,100 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1940
Listing Agency:
Revolution Realty Group
Listed By:
Salvatore Taormina · License #10301210276
(718) 938-0662
Source:
Statenislandhomelistings
Added: Apr 16
Changed: Sep 9
Last Checked: Sep 9 at 11:30AM
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 Realty Group
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,182
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,640
$543.6K
Cap Rate 7%
$388,314
$388.3K
Cap Rate 9%
$302,022
$302.0K
Market Conditions
NOI Build-Up for 1,100 SF
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.
Gross rent
$42.2K $38.40/SF
− Vacancy
−$3.4K −$3.10/SF
EGI
$38.8K $35.30/SF
− OpEx
−$11.6K −$10.59/SF
NOI
$27.2K $24.71/SF
Area
ZIP 10304
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$543,640
Cap Rate 7%
$388,314
Cap Rate 9%
$302,022
Alternative Uses
Best Use
Multifamily LT 5
$388.3K
$339.8K – $453.0K
NOI $27,182 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$355.9K
$311.4K – $415.2K
NOI $24,911 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$524.9K
$459.3K – $612.3K
NOI $36,740 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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 Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $449,000.
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
