Updated Two-Family with Finished
941 Ramona Avenue Staten Island, NY 10309
For Sale
Contact for pricing
Well-maintained two-family home with recent HVAC, updated appliances, decks, and a finished basement with gas fireplace.
Property Size2,322 SF
Price / SF$473.30
Days on Market83
Property Features for 941 Ramona Avenue
General Information
- Standard status
- Active
- Size
- 2,322 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1983
Listing Agency:
EXP Realty
(631) 926-7909
Listed By:
Chris Caggiano · License #10401369043
Source:
Crexi
Added: May 3
Changed: Jul 21
Last Checked: Jul 23 at 10:16AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family residence features major updates throughout and a finished basement. The property includes a 30-year layered roof system with a skylight (installed approximately 12–15 years ago), brand new HVAC and central air (less than 1 year old), and two hot water heaters (one approximately 5 years old and under warranty, and another approximately 2010 but both functioning). Windows are a mix of Marvin and Andersen (approximately 15 years old), and the garage door has been updated with a smart opener (about 3 years ago). Interior finishes include flooring installed over original oak hardwood, with a finished basement offering a gas fireplace, built-in sound system, and bar.
The exterior provides outdoor living with a Trex deck, an additional wood deck, fully owned fiberglass fencing, and custom landscaping with lighting. The rear of the home was painted about 1 year ago. Parking and access include two driveways that fit up to six cars, plus a 1-car garage.
Each unit is supported with updated elements, including recently updated appliances in the tenant unit and brand new stainless steel appliances in the eat-in kitchen, along with wood cabinetry and updated flooring. The legal two-bedroom apartment is currently configured as a one-bedroom, with a private entrance and private patio area.
The exterior provides outdoor living with a Trex deck, an additional wood deck, fully owned fiberglass fencing, and custom landscaping with lighting. The rear of the home was painted about 1 year ago. Parking and access include two driveways that fit up to six cars, plus a 1-car garage.
Each unit is supported with updated elements, including recently updated appliances in the tenant unit and brand new stainless steel appliances in the eat-in kitchen, along with wood cabinetry and updated flooring. The legal two-bedroom apartment is currently configured as a one-bedroom, with a private entrance and private patio area.
Key Highlights
- Well‑maintained two‑family built in 1983 with recent major updates throughout
- Brand new HVAC and central air installed less than 1 year ago
- Roof is approx. 12–15 years old; 30‑year layered install with skylight
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 | $86.4k | $37.20 |
| − Vacancy | −$3.9k | −$1.67 |
| EGI | $82.5k | $35.53 |
| − OpEx | −$24.7k | −$10.66 |
| NOI | $57.7k | $24.87 |
2,322 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$824.9K
$721.8K – $962.4K
NOI $57,744 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$735.6K
$643.7K – $858.2K
NOI $51,493 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.11M
$969.4K – $1.29M
NOI $77,555 @ 7.0% cap · market cap 7.06%
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 - Well-maintained two-family home with recent HVAC, updated appliances, decks, and a finished basement with gas fireplace.
Where is this duplex located?
The property is located at 941 Ramona Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Well‑maintained two‑family built in 1983 with recent major updates throughout; Brand new HVAC and central air installed less than 1 year ago; Roof is approx. 12–15 years old; 30‑year layered install with skylight
