Duplex with Finished
For Sale
$749,999
56 Taunton St, Staten Island, NY 10306
Hardwood floors, an eat-in kitchen, and sliding doors connect the interior to a spacious yard.
Property Size1,176 SF
Price / SF$637.75
Days on Market24
Property Features for 56 Taunton St
General Information
Standard status
Active
Size
1,176 SF
Property subtype
Multi-Family
Building Details
Year Built
1970
Listing Agency:
Re/Max Advisors
(718) 755-0093
Listed By:
Nica Balzano · License #10401269324
Source:
Statenislandhomelistings
Added: Aug 8
Changed: Aug 30
Last Checked: Aug 30 at 6:02PM
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 Re/Max Advisors
Investment Insights
Based on property information with market context.
This 1,176-square-foot duplex, built in 1970, offers a well-maintained residential configuration with hardwood flooring throughout and generously sized rooms. The eat-in kitchen includes sliding-door access to the yard, while the fully finished basement adds a half bath and a separate entrance. Recent updates include the roof, windows, and heating system.
Located at 56 Taunton St in Staten Island, the property is positioned near schools, parks, the beach, and shopping. The address also provides access to commuting routes and everyday services. The combination of finished lower-level space, updated major components, and outdoor access provides a practical layout for residential use.
Located at 56 Taunton St in Staten Island, the property is positioned near schools, parks, the beach, and shopping. The address also provides access to commuting routes and everyday services. The combination of finished lower-level space, updated major components, and outdoor access provides a practical layout for residential use.
Key Highlights
- 1,176‑square‑foot duplex at 56 Taunton St, Staten Island, NY 10306
- Fully finished basement with 1/2 bath and separate entrance
- Hardwood floors throughout the residence
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
$29,872
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
3.98%
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%
$597,440
$597.4K
Cap Rate 7%
$426,743
$426.7K
Cap Rate 9%
$331,911
$331.9K
Market Conditions
NOI Build-Up for 1,176 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
$45.2K $38.40/SF
− Vacancy
−$2.5K −$2.11/SF
EGI
$42.7K $36.29/SF
− OpEx
−$12.8K −$10.89/SF
NOI
$29.9K $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%
$597,440
Cap Rate 7%
$426,743
Cap Rate 9%
$331,911
Alternative Uses
Best Use
Multifamily LT 5
$426.7K
$373.4K – $497.9K
NOI $29,872 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$379.2K
$331.8K – $442.4K
NOI $26,545 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$561.1K
$491.0K – $654.7K
NOI $39,279 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
364
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Hardwood floors, an eat-in kitchen, and sliding doors connect the interior to a spacious yard.
Where is this duplex located?
The property is located at 56 Taunton St Staten Island, NY.
What is the asking price?
The asking price for this property is $749,999.
What are key features of this property?
This property features: 1,176‑square‑foot duplex at 56 Taunton St, Staten Island, NY 10306; Fully finished basement with 1/2 bath and separate entrance; Hardwood floors throughout the residence
