74 Cedar Terrace, Staten Island, NY 10304
Brand new, high-quality two-family home near Verrazano Bridge.
- Added:
- Apr 12, 2023
- Days on Market:
- 1157
- Last Refresh:
- May 12 at 9:34 pm
Property Features for 74 Cedar Terrace
General Information
- Standard status
- Active
- Size
- 2,837 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing agent Melsa Skrapalliu License #NY
Listing office RJM Realty Empire
Listing date Apr 12, 2023
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of RJM Realty Empire
HighLights
- Brand new, high‑quality 2‑family detached home in Grymes Hill.
- Includes a ground‑floor, walk‑out 1‑bedroom apartment.
- Features a modern kitchen with stainless steel appliances and a vented range hood.
- Radiant heat, custom fireplace, and iron railing.
- Private location minutes from the Verrazano Bridge.
- Attached garage, deck, and serene backyard.
Overview
Local 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 | $108.9k | $38.40 |
| − Vacancy | −$8.8k | −$3.10 |
| EGI | $100.1k | $35.30 |
| − OpEx | −$30.0k | −$10.59 |
| NOI | $70.1k | $24.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.089195
- Latitude
- 40.61337