Two-Family Mixed-Use Development
85-87 Kreischer Street Staten Island, NY 10309
For Sale
$629,000
Detached side-by-side two-family home on M1-1 land, sold as-is and fully renovated, with landmark status on the home.
Property Size1,200 SF
Lot Size0.16 Acres
Price / SF$524.17
Days on Market262
Property Features for 85-87 Kreischer Street
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Lot size
- 0.16 Acres
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1920
Listing Agency:
Century 21 Papp Realty
(646) 210-8265
Listed By:
Angelo Pappalardo · License #10311207495
(646) 210-8265
Source:
Compass
Added: Nov 4, 2025
Changed: Jul 23
Last Checked: Jul 24 at 12:33PM
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 Century 21 Papp Realty
Investment Insights
Based on property information with market context.
This property consists of a detached, side-by-side two-family home on M1-1 zoned land. The property is described as being in disrepair and needs full renovation, and it is being sold AS-IS. The home has landmark status, with the remarks noting that the status applies to the homes only, not the land itself.
The site is positioned for convenient access to several major roadways, including the Korean War Veterans Parkway, the West Shore Expressway, the Staten Island Expressway, the Outerbridge Crossing, the New Jersey Turnpike, and the Garden State Parkway, along with access to nearby public transportation.
The property is also presented as a development-oriented land opportunity, with the remarks referencing potential uses such as high density retail, manufacturing, hotel development, or commercial parking. No interior access is permitted without the listing agent and owners present.
The site is positioned for convenient access to several major roadways, including the Korean War Veterans Parkway, the West Shore Expressway, the Staten Island Expressway, the Outerbridge Crossing, the New Jersey Turnpike, and the Garden State Parkway, along with access to nearby public transportation.
The property is also presented as a development-oriented land opportunity, with the remarks referencing potential uses such as high density retail, manufacturing, hotel development, or commercial parking. No interior access is permitted without the listing agent and owners present.
Key Highlights
- Detached side‑by‑side two‑family home on over 7,100 sq ft of M1‑1 land
- Landmark status applies to the home only (not the land); property sold as‑is
- Built in 1920; full basement is unfinished and basement type is full
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 | $44.6k | $37.20 |
| − Vacancy | −$2.0k | −$1.67 |
| EGI | $42.6k | $35.53 |
| − OpEx | −$12.8k | −$10.66 |
| NOI | $29.8k | $24.87 |
1,200 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.3K
$373.0K – $497.4K
NOI $29,842 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$380.2K
$332.6K – $443.5K
NOI $26,611 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,080 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Detached side-by-side two-family home on M1-1 land, sold as-is and fully renovated, with landmark status on the home.
Where is this duplex located?
The property is located at 85-87 Kreischer Street Staten Island, NY.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: Detached side‑by‑side two‑family home on over 7,100 sq ft of M1‑1 land; Landmark status applies to the home only (not the land); property sold as‑is; Built in 1920; full basement is unfinished and basement type is full
