Updated Two-Family
For Sale
$1,285,000
Pending
76 Mill Rd, Staten Island, NY 10306
Detached two-unit residence with separate entrances, renovated kitchens and baths, finished basement, and multiple recent system upgrades.
Property Size1,900 SF
Lot Size0.12 Acres
Days on Market145
Property Features for 76 Mill Rd
General Information
Standard status
Pending
Size
1,900 SF
Lot size
0.12 Acres
Property subtype
Multi-Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
Keller Williams Realty Staten Island
Listed By:
Weiping Liang · License #10401332637
(917) 724-9751
Source:
Statenislandhomelistings
Added: Apr 19
Changed: Sep 5
Last Checked: Sep 9 at 10:59AM
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 Keller Williams Realty Staten Island
Investment Insights
Based on property information with market context.
This detached duplex contains two separate residences, each arranged with three bedrooms, one full bathroom, living and dining space, and an eat-in kitchen. Separate entrances support independent occupancy, while the finished basement adds a side entry and a three-quarter bathroom. Renovations include custom cabinetry, quartz counters, updated flooring, modern fixtures, GE appliances, upgraded HVAC systems, newer hot water heaters, Andersen windows, and electrical improvements. The second floor was added in 2007 with a replacement roof at that time.
The home sits on an oversized 41' x 127' lot at 76 Mill Rd in Staten Island. Exterior work includes Cambridge pavers, new sod, repointed brick, painted stucco, a concrete driveway retaining wall, and PVC fencing. The property has 3 electric meters and 2 gas meters and is identified as being in a non-flood zone. Nearby amenities include The Boulevard shopping center, parks, athletic fields, beaches, schools, restaurants, public transportation, local and express buses, and the Staten Island Railway.
The home sits on an oversized 41' x 127' lot at 76 Mill Rd in Staten Island. Exterior work includes Cambridge pavers, new sod, repointed brick, painted stucco, a concrete driveway retaining wall, and PVC fencing. The property has 3 electric meters and 2 gas meters and is identified as being in a non-flood zone. Nearby amenities include The Boulevard shopping center, parks, athletic fields, beaches, schools, restaurants, public transportation, local and express buses, and the Staten Island Railway.
Key Highlights
- Two‑family detached duplex with a 6/6 layout and separate entrances
- Each unit includes 3 bedrooms, 1 full bathroom, living and dining areas, and an eat‑in kitchen
- Finished basement with separate side entrance and 3/4 bathroom
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
$48,263
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
3.76%
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%
$965,260
$965.3K
Cap Rate 7%
$689,471
$689.5K
Cap Rate 9%
$536,256
$536.3K
Market Conditions
NOI Build-Up for 1,900 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
$73.0K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$68.9K $36.29/SF
− OpEx
−$20.7K −$10.89/SF
NOI
$48.3K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
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%
$965,260
Cap Rate 7%
$689,471
Cap Rate 9%
$536,256
Alternative Uses
Best Use
Multifamily LT 5
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$612.7K
$536.1K – $714.8K
NOI $42,887 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$906.6K
$793.3K – $1.06M
NOI $63,460 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,483
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Check the figures for this property
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 - Detached two-unit residence with separate entrances, renovated kitchens and baths, finished basement, and multiple recent system upgrades.
Where is this duplex located?
The property is located at 76 Mill Rd Staten Island, NY.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Two‑family detached duplex with a 6/6 layout and separate entrances; Each unit includes 3 bedrooms, 1 full bathroom, living and dining areas, and an eat‑in kitchen; Finished basement with separate side entrance and 3/4 bathroom
