For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New Grymes Hill Two-Family Home Title is generated by Realmo AI

    74 Cedar Terrace, Staten Island, NY 10304

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Brand new, high-quality two-family home near Verrazano Bridge.

    Type:Multifamily
    Property size:
    2,837 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $422/SF
    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

    We can help!

    Listing Contact
    Melsa Skrapalliu

    Listing agent Melsa Skrapalliu License #NY

    Listing office RJM Realty Empire

    Listing date Apr 12, 2023

    Source Crexi

    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 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

    This is a bright and airy, newly constructed, high-quality two-family detached home located in the suburban part of Grymes Hill. Its location is both private and accessible, situated minutes from the Verrazano Bridge. The house features a stone and stucco exterior, a sprinkler system, high-hat lighting, and top-of-the-line kitchens in both the main house and the apartment. Porcelain tiles, a custom fireplace, iron railing, radiant heat, and a modern feel are present throughout. The property includes a large driveway, an attached garage, a deck, and a serene backyard. The house size is 2,836.50 square feet on a 37.5x130 lot. The first floor of the main house features a living room, dining room, family room, and eat-in kitchen with an island and stainless steel appliances, including a stove with a range hood vented to the outside, a half bath, and sliders to the yard. The second floor includes a master bedroom with a private 3/4 bath, two additional bedrooms, a full bath, and laundry. Hardwood floors are throughout the main house. The basement features a one-bedroom walk-out apartment with a modern kitchen and full bath. The property has a total of four bedrooms and four bathrooms.

    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
    2,837 SF · lease $38.40/SF/yr · vacancy 8.07% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.00M
    $876.3K – $1.17M (±1% cap)
    NOI $70,104 @ 7.0% cap · market cap 5.84%
    Second Best
    Apartment 5plus
    $917.8K
    $803.1K – $1.07M (±1% cap)
    NOI $64,247 @ 7.0% cap · market cap 5.35%
    Theoretical Best
    Office A
    $1.35M
    $1.18M – $1.58M (±1% cap)
    NOI $94,756 @ 7.0% cap · market cap 7.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.089195
    Latitude
    40.61337

    FAQs

    What type of property is this?
    Duplex - Brand new, high-quality two-family home near Verrazano Bridge.
    Where is this duplex located?
    The property is located at 74 Cedar Terrace Staten Island, NY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 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.**
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message