Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious Staten Island Two-Family Home Title is generated by Realmo AI

    73 Gary Place, Staten Island, NY 10314

    View on Map
    Claim this Listing
    For Sale
    $849,900

    MULTI_FAMILY - Ranch - Staten Island, NY

    Type:Single Family Residence
    Property size:
    2,088 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $407/SF
    Added:
    May 4, 2026
    Days on Market:
    12
    Last Refresh:
    May 15 at 7:06 pm

    Property Features for 73 Gary Place

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    R3X
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 3
    Parking features
    Carport
    Patio and Porch features
    Patio, Deck
    Standard status
    Active
    Size
    2,088 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6884

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air

    Building Details

    Year built
    1965
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Gennady Gary Papirov

    Listing agent Gennady Gary Papirov

    Listing office Homes R Us Realty of NY, Inc. 111 Fingerboard Road, Staten Island, NY

    Listing date May 4, 2026

    MLS# 2602440 Listing URL

    Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑family home: Main house with 3 bedrooms, 2.5 bathrooms, plus a 2‑bedroom apartment for income or extended family.
    • Oversized 3,993 sqft property with a spacious deck and backyard.
    • Prime location: Close to parks, schools, shopping, restaurants, and public transportation.
    • Open layout with large windows and high ceilings in the main house.
    • Semi‑attached High‑Ranch home on a beautiful, tree‑lined street.
    • Carport parking.

    Overview

    Located at 73 Gary Place in Staten Island, NY, this semi-attached, high-ranch style two-family home is situated on an oversized 3,993 square foot property. The main house features 3 bedrooms and 2.5 bathrooms, with an open layout, large windows, and high ceilings. It also provides access to a spacious deck and an oversized backyard. The second unit is a 2-bedroom apartment with a full bath, suitable for additional income or extended family living. The property is located on a tree-lined street and is conveniently close to parks, schools, shopping, restaurants, and public transportation.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $632.8K
    NOI $56,950 @ 9.00% cap · cautious / downside scenario
    Moderate
    $813.6K
    NOI $56,950 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.14M
    NOI $56,950 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $85.2k $40.80
    − Vacancy −$3.8k −$1.84
    EGI $81.4k $38.96
    − OpEx −$24.4k −$11.69
    NOI $56.9k $27.27
    2,088 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $813.6K
    $711.9K – $949.2K (±1% cap)
    NOI $56,950 @ 7.0% cap · market cap 6.70%
    Second Best
    Apartment 5plus
    $754.4K
    $660.1K – $880.1K (±1% cap)
    NOI $52,808 @ 7.0% cap · market cap 6.21%
    Theoretical Best
    Office A
    $996.3K
    $871.8K – $1.16M (±1% cap)
    NOI $69,740 @ 7.0% cap · market cap 8.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.164707
    Latitude
    40.599543

    Nearby Similar for Sale

    • $1,199,000
      3,450 SF

      Staten Island Commercial Property For Sale

      Income-producing commercial property with flexibility for various professional uses.
      2940 Richmond Terrace, Staten Island, NY 10303
      View Details
    • $780,000
      1,612 SF

      Staten Island Commercial Opportunity

      Versatile commercial property with potential for residential conversion.
      1562 Drumgoole Road E, Staten Island, NY 10309
      View Details
    • $950,000

      Staten Island Medical Office Building

      Medical office building with high visibility in prime location.
      3767 Richmond Ave, Staten Island, NY 10312
      View Details
    • $1,450,000
      3,200 SF

      Versatile Staten Island Commercial Property

      Single-story commercial building with office space and high ceilings.
      360 Broadway, Staten Island, NY 10310
      View Details
    • $2,488,888
      5,600 SF

      Prime Commercial Asset with Drive-Thru

      Standalone building in New Dorp business corridor with high visibility.
      257 New Dorp Lane, Staten Island, NY 10306
      View Details
    • $850,000
      2,536 SF

      Staten Island Two-Family Home

      Well-maintained two-family home with flexible living and rental options.
      136 Erika Loop, Staten Island, NY 10312
      View Details
    • $580,000
      1,700 SF

      Commercial Property on Arthur Kill

      Thriving commercial property in a high-traffic Staten Island location.
      4884 Arthur Kill Road, Staten Island, NY 10309
      View Details
    • $580,000
      1,700 SF

      Staten Island Commercial Package Deal

      Thriving bagel store in a high-traffic location.
      4882 Arthur Kill Road, Staten Island, NY 10309
      View Details
    • $280,000
      1,600 SF

      Established Gift Shop on Staten

      Turnkey gift shop with high profit margin for sale.
      933 Richmond Avenue, Staten Island, NY 10314
      View Details
    • $950,000
      3,542 SF

      Staten Island Multifamily Opportunity

      Fully vacant, renovated multifamily home with income potential.
      7355 Amboy Road, Staten Island, NY 10307
      View Details
    • $3,950,000
      11,250 SF

      Staten Island Commercial Building For Sale

      Commercial building near downtown St George with high traffic exposure.
      526 Richmond Terrace, Staten Island, NY 10301
      View Details
    • $1,000,000
      3,600 SF

      Colonial Two-Family Home Auction

      Two-family colonial in Arden Heights to be auctioned June 2026.
      146 Halpin Avenue, Staten Island, NY 10312
      View Details

    FAQs

    What type of property is this?
    Duplex - Large two-family home on an oversized lot in Staten Island.
    Where is this duplex located?
    The property is located at 73 Gary Place Staten Island, NY.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: Two‑family home: Main house with **3 bedrooms, 2.5 bathrooms**, plus a 2‑bedroom apartment for income or extended family.; **Oversized 3,993 sqft property** with a spacious deck and backyard.; Prime location: Close to parks, schools, shopping, restaurants, and public transportation.
    (917) 856-2012
    We can help!
    Listing Contact
    Gennady Gary Papirov
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    73 Gary Place, Staten Island, NY 10314
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!