Updated Duplex With Finished
For Sale
$785,000
10 O'gorman Avenue, Staten Island, NY 10306
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,140 SF
Lot Size0.06 Acres
Price / SF$688.60
Days on Market14
Property Features for 10 O'gorman Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Driveway
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Bay Terrace
Standard status
Active
APN
00491/0017
Size
1,140 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7463
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Amenities
finished basement
private driveway
finished storage space
deck
Building Details
Year built
1970
Floors in Building
2
Building materials
Brick, Stucco, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
C.Michel Scibetta-Nicolo · License #10301221252
(718) 644-0063
Added: Aug 10
Changed: Aug 16
Last Checked: Aug 23 at 4:06AM
MLS# 2604507
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 Colonial duplex offers 1,140 square feet with a 3-bedroom, 2-bath layout, finished basement, and additional finished storage beneath the deck. The 1970 property combines brick, stucco, and vinyl siding with forced-air natural-gas heating, central air, and a private driveway. Public sewer serves the property, which is zoned R3-1.
Outdoor improvements include a deck remodeled in 2025 with porcelain tile and new railings. The property is located in Bay Terrace, with access to the Verrazzano-Narrows Bridge, transportation, shopping, dining, and everyday services. Its Staten Island address is 10 O'Gorman Avenue, Staten Island, NY 10306.
Outdoor improvements include a deck remodeled in 2025 with porcelain tile and new railings. The property is located in Bay Terrace, with access to the Verrazzano-Narrows Bridge, transportation, shopping, dining, and everyday services. Its Staten Island address is 10 O'Gorman Avenue, Staten Island, NY 10306.
Key Highlights
- 1,140‑square‑foot Colonial duplex with 3 bedrooms and 2 bathrooms
- Finished basement plus additional finished storage beneath the deck
- Deck remodeled in 2025 with porcelain tile and new railings
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
$28,958
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
3.69%
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%
$579,160
$579.2K
Cap Rate 7%
$413,686
$413.7K
Cap Rate 9%
$321,756
$321.8K
Market Conditions
NOI Build-Up for 1,140 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
$43.8K $38.40/SF
− Vacancy
−$2.4K −$2.11/SF
EGI
$41.4K $36.29/SF
− OpEx
−$12.4K −$10.89/SF
NOI
$29.0K $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%
$579,160
Cap Rate 7%
$413,686
Cap Rate 9%
$321,756
Alternative Uses
Best Use
Multifamily LT 5
$413.7K
$362.0K – $482.6K
NOI $28,958 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$367.6K
$321.7K – $428.9K
NOI $25,732 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$543.9K
$476.0K – $634.6K
NOI $38,076 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
508
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 - Residential property with central air, newer mechanicals, a private driveway, and additional finished storage beneath the deck.
Where is this duplex located?
The property is located at 10 O'gorman Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: 1,140‑square‑foot Colonial duplex with 3 bedrooms and 2 bathrooms; Finished basement plus additional finished storage beneath the deck; Deck remodeled in 2025 with porcelain tile and new railings
