Renovated Colonial
For Sale
$849,000
Pending
278 Barnard Avenue, Staten Island, NY 10307
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,280 SF
Lot Size0.05 Acres
Days on Market55
Property Features for 278 Barnard Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3 A
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
Parking features
Driveway
Basement
Full, Finished
Appliances
Dishwasher
Lot features
Back Yard, Side
Subdivision
Tottenville
Standard status
Pending
APN
8042-112
Size
1,280 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6326
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1996
Floors in Building
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
JM Properties
(718) 524-6673
Listed By:
Daniela J Sclafani · License #10401290560
(917) 701-9376
Added: Jul 1
Changed: Aug 3
Last Checked: Aug 24 at 2:06PM
MLS# 2603724
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 renovated three-bedroom colonial home offers an open-concept layout with a brand-new kitchen featuring contemporary finishes. Sliding glass doors open to a newly finished backyard suitable for outdoor dining and everyday use. Upstairs, you’ll find three spacious bedrooms with generous closet space and a full modern bathroom.
A fully finished basement adds flexible living options and includes a separate side entrance, a wet bar, and a 3/4 bath. The property sits on a small lot and is located in Staten Island near parks, schools, shopping, dining, and transportation. Zoning is listed as R3 A.
Overall, the home is positioned as move-in-ready with updated interior finishes and practical interior/exterior flow supported by the kitchen’s access to the backyard and the basement’s independent entry.
A fully finished basement adds flexible living options and includes a separate side entrance, a wet bar, and a 3/4 bath. The property sits on a small lot and is located in Staten Island near parks, schools, shopping, dining, and transportation. Zoning is listed as R3 A.
Overall, the home is positioned as move-in-ready with updated interior finishes and practical interior/exterior flow supported by the kitchen’s access to the backyard and the basement’s independent entry.
Key Highlights
- Renovated 3‑bedroom Colonial‑style home built in 1996
- New kitchen with dishwasher and sliding glass doors to a newly finished backyard
- Central air cooling with natural gas forced‑air heating
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
$28,385
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
3.34%
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%
$567,700
$567.7K
Cap Rate 7%
$405,500
$405.5K
Cap Rate 9%
$315,389
$315.4K
Market Conditions
NOI Build-Up for 1,280 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
$53.8K $42.00/SF
− Vacancy
−$2.2K −$1.68/SF
EGI
$51.6K $40.32/SF
− OpEx
−$23.2K −$18.14/SF
NOI
$28.4K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
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%
$567,700
Cap Rate 7%
$405,500
Cap Rate 9%
$315,389
Alternative Uses
Best Use
Apartment 5plus
$405.5K
$354.8K – $473.1K
NOI $28,385 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$610.7K
$534.4K – $712.5K
NOI $42,752 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Renovated three-bedroom colonial with open-concept living, brand-new kitchen, and finished basement with separate side entrance.
Where is this single family property located?
The property is located at 278 Barnard Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Renovated 3‑bedroom Colonial‑style home built in 1996; New kitchen with dishwasher and sliding glass doors to a newly finished backyard; Central air cooling with natural gas forced‑air heating
