Duplex with Separate
For Sale
$1,285,000
Pending
76 Mill Road, Staten Island, NY 10306
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size1,900 SF
Lot Size0.12 Acres
Days on Market83
Property Features for 76 Mill Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-31
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 6
Parking features
Driveway, Off Street
Fencing
Fenced
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
New Dorp
Standard status
Pending
APN
4031-72
Size
1,900 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
8077
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating), Forced Air
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
2
Number of units
1
Building materials
Brick, Stucco
Architectural style
Colonial
Listing Agency:
Keller Williams Realty Staten Island
(718) 766-7159
Listed By:
Weiping Liang · License #10401332637
(917) 724-9751
Added: Jun 11
Changed: Aug 3
Last Checked: Sep 1 at 12:06AM
MLS# 2603296
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.
Investment Insights
Based on property information with market context.
This extensively upgraded two-family detached duplex features a 6/6 layout with separate entrances for each unit. Each unit includes three bedrooms, a full bathroom, spacious living and dining areas, and eat-in kitchens. The full finished basement includes a separate side entrance and a 3/4 bathroom. Updates include fully renovated kitchens and bathrooms with custom cabinetry and quartz countertops, new flooring on both the first and second floors, updated HVAC systems, newer hot water heaters, Andersen windows, upgraded electrical fixtures, and GE appliances. The second floor was added in 2007 along with a new roof, expanding living space. Exterior improvements include brand-new Cambridge pavers in the front yard, side yard, and backyard patio; new sod; repointed brickwork; freshly painted stucco; a newly constructed concrete retaining wall along the driveway; and new PVC fencing.
The property sits on an oversized 41' x 127' lot with off-street parking via a driveway and fenced areas. It is equipped with 3 electric meters and 2 gas meters and is located in a non-flood zone with no flood insurance required.
Convenient to The Boulevard shopping center, parks, athletic fields, beaches, schools, restaurants, and public transportation, including local and express buses as well as the Staten Island Railway.
The property sits on an oversized 41' x 127' lot with off-street parking via a driveway and fenced areas. It is equipped with 3 electric meters and 2 gas meters and is located in a non-flood zone with no flood insurance required.
Convenient to The Boulevard shopping center, parks, athletic fields, beaches, schools, restaurants, and public transportation, including local and express buses as well as the Staten Island Railway.
Key Highlights
- 6/6 duplex layout with separate entrances for each unit
- Full finished basement with separate side entrance and 3/4 bathroom
- Oversized 41' x 127' lot with off‑street parking and fenced yard
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R-31 zoned duplex offering separate entrances for each unit and central air with extensive upgrades throughout.
Where is this duplex located?
The property is located at 76 Mill Road 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: 6/6 duplex layout with separate entrances for each unit; Full finished basement with separate side entrance and 3/4 bathroom; Oversized 41' x 127' lot with off‑street parking and fenced yard
