Semi-Attached Single-Family
For Sale
$889,000
Pending
309 Travis Avenue, Staten Island, NY 10314
SINGLE_FAMILY - Staten Island, NY
Property Size2,499 SF
Lot Size0.06 Acres
Days on Market48
Property Features for 309 Travis Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Garage, Driveway
Patio and Porch features
Deck
Fireplace
1
Basement
Full, Unfinished
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Lot features
Back Yard
Subdivision
New Springville
Standard status
Pending
Size
2,499 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6660
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1980
Floors in Building
3
Building materials
Brick, Vinyl Siding
Listing Agency:
Hometime Estates LLC
(718) 524-0400
Listed By:
Lee Goldstein
(718) 614-3115
Added: Jun 22
Changed: Aug 2
Last Checked: Aug 8 at 1:06AM
MLS# 2603498
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 3-bedroom semi-attached home offers a newly renovated kitchen with quartz countertops and stainless steel appliances, with sliders opening to a large Trex deck. The home also features recently renovated bathrooms. Multiple access points include a convenient side entrance to additional living space, along with a rear entrance to the yard located just before the basement stairs.
Set on an R3-1 zoned site in New Springville, the property is described as conveniently located near shopping, schools, restaurants, parks, and transportation.
The layout is designed around practical indoor-outdoor flow to the deck and straightforward movement between the main living areas, the yard, and the basement level.
Set on an R3-1 zoned site in New Springville, the property is described as conveniently located near shopping, schools, restaurants, parks, and transportation.
The layout is designed around practical indoor-outdoor flow to the deck and straightforward movement between the main living areas, the yard, and the basement level.
Key Highlights
- 1980‑built 3‑bedroom semi‑attached home in New Springville, Staten Island
- Newly renovated kitchen with quartz countertops, stainless steel appliances, and sliders to a large Trex deck
- Recently renovated bathrooms
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
$63,203
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
7.11%
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%
$1,264,060
$1.3M
Cap Rate 7%
$902,900
$902.9K
Cap Rate 9%
$702,256
$702.3K
Market Conditions
NOI Build-Up for 2,499 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
$120.0K $48.00/SF
− Vacancy
−$5.0K −$2.02/SF
EGI
$114.9K $45.98/SF
− OpEx
−$51.7K −$20.69/SF
NOI
$63.2K $25.29/SF
Area
ZIP 10314
Vacancy
4.20%
Lease Rate
$48.00 /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%
$1,264,060
Cap Rate 7%
$902,900
Cap Rate 9%
$702,256
Alternative Uses
Best Use
Apartment 5plus
$902.9K
$790.0K – $1.05M
NOI $63,203 @ 7.0% cap · market cap 7.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,467 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
539
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - 3-bedroom semi-attached home with newly renovated kitchen, renovated bathrooms, and side and yard access entrances.
Where is this single family property located?
The property is located at 309 Travis Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $889,000.
What are key features of this property?
This property features: 1980‑built 3‑bedroom semi‑attached home in New Springville, Staten Island; Newly renovated kitchen with quartz countertops, stainless steel appliances, and sliders to a large Trex deck; Recently renovated bathrooms
