Duplex Residential Income
For Sale
$559,000
10 BAY STREET LNDG, Staten Island, NY 10301
Gated community residence with water views, assigned parking, and extensive outdoor amenities.
Property Size1,620 SF
Price / SF$345.06
Days on Market250
Property Features for 10 BAY STREET LNDG
General Information
Standard status
Active
Size
1,620 SF
Total Parking Spaces
1
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Amenities
package collection
24hr security
EV chargers
tennis/pickle ball courts
BBQ's
great lawns
basketball
a playground
dog runs
snow removal
Wall Air Conditioning
Dryer, Washer
3
Elevator, Pantry
Building Details
Year Built
1971
Listing Agency:
R New York
(212) 688-1000
Listed By:
Desiree Darden
Source:
Xome
Added: Jan 2
Changed: Sep 5
Last Checked: Sep 9 at 7:15AM
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 R New York
Investment Insights
Based on property information with market context.
This two-level duplex residence offers approximately 1,620 square feet, with an open main level featuring vaulted windows, ceilings exceeding 14 feet, a kitchen with breakfast bar, wine cooler, pantry, dining area, living room, full bathroom, and guest room or home office. The upper level adds two bedrooms, a large walk-in closet, a second full bathroom, and a Bosch washer and dryer. Water-heated floors, baseboard heating, and two newer AC units support year-round comfort.
Located at 10 Bay Street Landing in Staten Island, the property is part of a private gated community with an assigned parking space, elevator access, 24-hour security, EV chargers, tennis and pickleball courts, basketball facilities, playground, dog runs, lawns, BBQ areas, package collection, and snow removal. Ferries to Midtown and downtown Manhattan are reached by an approximately eight-minute walk and provide a roughly half-hour ride.
Located at 10 Bay Street Landing in Staten Island, the property is part of a private gated community with an assigned parking space, elevator access, 24-hour security, EV chargers, tennis and pickleball courts, basketball facilities, playground, dog runs, lawns, BBQ areas, package collection, and snow removal. Ferries to Midtown and downtown Manhattan are reached by an approximately eight-minute walk and provide a roughly half-hour ride.
Key Highlights
- Approximately 1,620 square feet across two levels
- Two‑plus‑bedroom, two‑bath duplex with guest room or home office
- Main level features ceilings above 14 feet and water‑view living room
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
$35,925
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
6.43%
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%
$718,500
$718.5K
Cap Rate 7%
$513,214
$513.2K
Cap Rate 9%
$399,167
$399.2K
Market Conditions
NOI Build-Up for 1,620 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
$68.0K $42.00/SF
− Vacancy
−$2.7K −$1.68/SF
EGI
$65.3K $40.32/SF
− OpEx
−$29.4K −$18.14/SF
NOI
$35.9K $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%
$718,500
Cap Rate 7%
$513,214
Cap Rate 9%
$399,167
Alternative Uses
Best Use
Apartment 5plus
$513.2K
$449.1K – $598.8K
NOI $35,925 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$773.0K
$676.4K – $901.8K
NOI $54,108 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,527
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Gated community residence with water views, assigned parking, and extensive outdoor amenities.
Where is this residential income property located?
The property is located at 10 BAY STREET LNDG Staten Island, NY.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Approximately 1,620 square feet across two levels; Two‑plus‑bedroom, two‑bath duplex with guest room or home office; Main level features ceilings above 14 feet and water‑view living room
