Two-Family Duplex with
For Sale
$899,000
Pending
11 Taunton Street, Staten Island, NY 10306
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size2,056 SF
Lot Size0.10 Acres
Days on Market90
Property Features for 11 Taunton Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1
Parking features
Garage, Off Street, On Street
Exterior features
Balcony
Basement
Unfinished, Partial
Lot features
Front Yard, Back Yard
Subdivision
Bay Terrace
Standard status
Pending
Size
2,056 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
7358
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding, Wood Siding
Architectural style
Colonial
Listing Agency:
Gateway Arms Realty Corp.
(718) 273-3800
Listed By:
Laura Volsario · License #10301213299
(917) 685-5555
Added: May 27
Changed: Aug 2
Last Checked: Aug 24 at 7:06AM
MLS# 2602867
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.
Investment Insights
Based on property information with market context.
This two-family semi duplex (6 over 6) is set on a 0.0965-acre irregular-shaped lot and built in a Colonial style with brick construction and vinyl and wood siding. Built in and designed for comfortable daily living, the home features two identical 3-bedroom apartment layouts with a living room that opens to a large side balcony, a dining area, and an eat-in kitchen, plus a full bathroom in each unit. Separate utilities support independent tenant use.
The property includes a partial basement with laundry, storage, and utilities, along with two separate storage closets for each unit. The basement also provides access to a built-in, rear-facing 1-2 car garage with high ceilings. Exterior amenities include a side driveway leading to an oversized yard. Updates include new vinyl siding, new appliances, and renovated kitchens and baths.
The duplex has forced-air heating with natural gas and is served by public sewer. Parking is available via garage, off-street, and on-street options, and the property is described as being close to train service, buses, shopping, restaurants, and schools.
The property includes a partial basement with laundry, storage, and utilities, along with two separate storage closets for each unit. The basement also provides access to a built-in, rear-facing 1-2 car garage with high ceilings. Exterior amenities include a side driveway leading to an oversized yard. Updates include new vinyl siding, new appliances, and renovated kitchens and baths.
The duplex has forced-air heating with natural gas and is served by public sewer. Parking is available via garage, off-street, and on-street options, and the property is described as being close to train service, buses, shopping, restaurants, and schools.
Key Highlights
- 0.0965‑acre irregular‑shaped lot
- R3‑1 zoning with two identical 3‑bedroom apartments (6 over 6)
- Large side balcony off the living room in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,226
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,044,520
$1.0M
Cap Rate 7%
$746,086
$746.1K
Cap Rate 9%
$580,289
$580.3K
Market Conditions
NOI Build-Up for 2,056 SF
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.
Gross rent
$79.0K $38.40/SF
− Vacancy
−$4.3K −$2.11/SF
EGI
$74.6K $36.29/SF
− OpEx
−$22.4K −$10.89/SF
NOI
$52.2K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,044,520
Cap Rate 7%
$746,086
Cap Rate 9%
$580,289
Alternative Uses
Best Use
Multifamily LT 5
$746.1K
$652.8K – $870.4K
NOI $52,226 @ 7.0% cap · market cap 5.81%
Second Best
Apartment 5plus
$663.0K
$580.1K – $773.5K
NOI $46,408 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$981.0K
$858.4K – $1.14M
NOI $68,671 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 3-bedroom apartments in an R3-1 zoned duplex with separate utilities and balcony access.
Where is this duplex located?
The property is located at 11 Taunton Street Staten Island, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 0.0965‑acre irregular‑shaped lot; R3‑1 zoning with two identical 3‑bedroom apartments (6 over 6); Large side balcony off the living room in both units
