Two-Family Duplex with
New
For Sale
$809,000
886 Rensselaer Ave, Staten Island, NY 10309
Two separate living areas each include a living room, dining room, kitchen, and three bedrooms.
Property Size2,543 SF
Price / SF$318.13
Days on Market7
Property Features for 886 Rensselaer Ave
General Information
Standard status
Active
Size
2,543 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
in need of renovation
Additional Details
Multifamily Units
2
Building Details
Year Built
1983
Construction
semi-detached
Listing Agency:
Tom Crimmins Realty, LTD
Listed By:
Ross A. Buxbaum · License #40BU1069624
(718) 619-7976
Source:
Searchhomesinlongisland
Added: Oct 6
Changed: Oct 11
Last Checked: Oct 11 at 6:57AM
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 Tom Crimmins Realty, LTD
Investment Insights
Based on property information with market context.
This semi-detached duplex contains two residential units, each arranged with a living room, dining room, kitchen, and three bedrooms. A built-in garage and driveway provide on-site vehicle accommodation. The property was built in 1983 and requires renovation.
Key Highlights
- Two units, each with three bedrooms, a living room, dining room, and kitchen
- Built‑in garage and driveway
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,240
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,800
$1.3M
Cap Rate 7%
$903,429
$903.4K
Cap Rate 9%
$702,667
$702.7K
Market Conditions
NOI Build-Up for 2,543 SF
Gross rent
$94.6K $37.20/SF
− Vacancy
−$4.3K −$1.67/SF
EGI
$90.3K $35.53/SF
− OpEx
−$27.1K −$10.66/SF
NOI
$63.2K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,264,800
Cap Rate 7%
$903,429
Cap Rate 9%
$702,667
Alternative Uses
Best Use
Multifamily LT 5
$903.4K
$790.5K – $1.05M
NOI $63,240 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$805.6K
$704.9K – $939.9K
NOI $56,394 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $84,937 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Two separate living areas each include a living room, dining room, kitchen, and three bedrooms.
Where is this duplex located?
The property is located at 886 Rensselaer Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $809,000.
What are key features of this property?
This property features: Two units, each with three bedrooms, a living room, dining room, and kitchen; Built‑in garage and driveway; Built in 1983
