Custom Two-Family
97 Margaretta Court, Staten Island, NY 10314
MULTI_FAMILY - Staten Island, NY
Property size:
3,060 SFLot size:
0.15 AcresPrice / SF:
$326/SF- Added:
- Jun 22, 2026
- Days on Market:
- 16
- Last Refresh:
- Jul 7 at 3:06 pm
Property Features for 97 Margaretta Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bathroom 2
- Parking features
- Carport
- Patio and Porch features
- Deck
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,060 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11410
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Stucco
Listing agent Gennady Gary Papirov (917) 856-2012
Listing office Homes R Us Realty of NY, Inc. 111 Fingerboard Road, Staten Island, NY (718) 668-2550
Listing date Jun 22, 2026
MLS# 2603502
Listing URL
Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Custom built 2‑family home on an oversized 6,000+ sqft lot on a tree‑lined street
- Unit 1: 3 bedrooms, 3 bathrooms, finished basement, and direct access to the private backyard
- Unit 2: 3 bedrooms, 1 bathroom with access to a large exterior Trex deck
- Nearly completed interior with modern custom kitchens, designer bathrooms, and extensive custom trim work
- Remaining work includes exterior stucco completion, entry vestibule finishing, and resolution of existing violations/stop work requirements
- Stucco exterior with natural gas forced‑air heat, central air, public sewer, and carport with 2‑car garage
Overview
This custom-built two-family residence is nearing completion and designed as a single cohesive property with two spacious three-bedroom units. Unit 1 includes three bathrooms, a finished basement, and direct access to the private backyard for a more home-like feel. Unit 2 offers three bedrooms, one bathroom, and access to a large exterior Trex deck. The interior features modern custom kitchens, designer bathrooms, extensive custom trim work, and upscale finishes.
The property is sited on an oversized lot and includes a two-car garage. Remaining work is primarily exterior stucco completion, entry vestibule finishing, and addressing existing violations and stop work order requirements. The sale is being conducted as-is, and due to the current status and completion requirements, a cash purchase or renovation financing such as a 203(k) loan may be needed. It is zoned R2.
For buyers and investors, this presents an opportunity to complete the final exterior and entry areas and bring the home to its intended finished state. For end users, the layout offers two substantial three-bedroom residences with distinct outdoor options, including a private backyard for Unit 1 and an exterior Trex deck for Unit 2, while still providing a single property to customize and finish to preference.
The property is sited on an oversized lot and includes a two-car garage. Remaining work is primarily exterior stucco completion, entry vestibule finishing, and addressing existing violations and stop work order requirements. The sale is being conducted as-is, and due to the current status and completion requirements, a cash purchase or renovation financing such as a 203(k) loan may be needed. It is zoned R2.
For buyers and investors, this presents an opportunity to complete the final exterior and entry areas and bring the home to its intended finished state. For end users, the layout offers two substantial three-bedroom residences with distinct outdoor options, including a private backyard for Unit 1 and an exterior Trex deck for Unit 2, while still providing a single property to customize and finish to preference.
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 | $124.8k | $40.80 |
| − Vacancy | −$5.6k | −$1.84 |
| EGI | $119.2k | $38.96 |
| − OpEx | −$35.8k | −$11.69 |
| NOI | $83.5k | $27.27 |
3,060 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,461 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$1.11M
$967.4K – $1.29M
NOI $77,391 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,205 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.12892
- Latitude
- 40.617942
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two nearly completed three-bedroom units with separate outdoor space, plus a two-car garage, sold as-is for finishing work.
Where is this duplex located?
The property is located at 97 Margaretta Court Staten Island, NY.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Custom built 2‑family home on an oversized 6,000+ sqft lot on a tree‑lined street; Unit 1: 3 bedrooms, 3 bathrooms, finished basement, and direct access to the private backyard; Unit 2: 3 bedrooms, 1 bathroom with access to a large exterior Trex deck
