Two-Family Home with Finished
For Sale
$1,150,000
117 Bay Terrace, Staten Island, NY 10306
A separate two-bedroom apartment has its own side entrance, alongside a three-bedroom main residence.
Property Size2,040 SF
Price / SF$563.73
Days on Market24
Property Features for 117 Bay Terrace
General Information
Standard status
Active
Size
2,040 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R3X
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,392
Amenities
fireplace
laundry area
built-in garage
Ceiling Fan(s)
Building Details
Building Size
2,040 SF
Year Built
1960
Buildings
1
Stories
3
Units
2
Listing Agency:
Kolo NY, LLC
Listed By:
Danielle Shamah
(917) 922-5689
Source:
Connieprofaci
Added: Oct 4
Changed: Oct 26
Last Checked: Oct 26 at 3:41AM
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 Kolo NY, LLC
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Investment Insights
Based on property information with market context.
This detached two-family property contains a three-bedroom main residence and a separate two-bedroom apartment with a private side entrance. The main home includes a living room with a fireplace, a dining area, an updated kitchen with granite countertops and stainless steel appliances, and hardwood floors. A finished basement adds a three-quarter bath, laundry area, exercise room, and utility room. Other features include a built-in garage, a new roof, and updated mechanical systems.
The home is in Bay Terrace, one block from bus service and a train station, with shopping and everyday services nearby. It is zoned R3X and was built in 1960.
The home is in Bay Terrace, one block from bus service and a train station, with shopping and everyday services nearby. It is zoned R3X and was built in 1960.
Key Highlights
- Detached two‑family property with a three‑bedroom main residence and separate two‑bedroom apartment
- Finished basement with three‑quarter bath, laundry area, exercise room, and utility room
- Apartment has a separate side entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,819
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,036,380
$1.0M
Cap Rate 7%
$740,271
$740.3K
Cap Rate 9%
$575,767
$575.8K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$78.3K $38.40/SF
− Vacancy
−$4.3K −$2.11/SF
EGI
$74.0K $36.29/SF
− OpEx
−$22.2K −$10.89/SF
NOI
$51.8K $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 Rate 5%
$1,036,380
Cap Rate 7%
$740,271
Cap Rate 9%
$575,767
Alternative Uses
Best Use
Multifamily LT 5
$740.3K
$647.7K – $863.7K
NOI $51,819 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$657.8K
$575.6K – $767.5K
NOI $46,047 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$973.4K
$851.7K – $1.14M
NOI $68,136 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate two-bedroom apartment has its own side entrance, alongside a three-bedroom main residence.
Where is this duplex located?
The property is located at 117 Bay Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Detached two‑family property with a three‑bedroom main residence and separate two‑bedroom apartment; Finished basement with three‑quarter bath, laundry area, exercise room, and utility room; Apartment has a separate side entrance
