Maintained Duplex with Private
For Sale
$719,888
Pending
60 Bay Terrace, Staten Island, NY 10306
Residential, Staten Island, NY
Property Size1,298 SF
Lot Size0.06 Acres
Days on Market106
Property Features for 60 Bay Terrace
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Dining Room, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Fencing
Fenced
Appliances
Dishwasher, Dryer, Refrigerator, Washer
Lot features
Front Yard, Back Yard, Side
Subdivision
Bay Terrace
Standard status
Pending
APN
05091-0013
Size
1,298 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
1798
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Wall Unit(s)
Amenities
hardwood floors
living room/dining room combination
eat-in kitchen
private backyard
patio
storage shed
Building Details
Year built
1970
Floors in Building
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
John J Lauria
(917) 484-2080
Added: May 28
Changed: Sep 4
Last Checked: Sep 10 at 5:06AM
MLS# 2602988
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 1,298-square-foot duplex, built in 1970, is a semi-attached brick and vinyl-sided residence with three bedrooms. Interior features include hardwood flooring, a combined living and dining area, an eat-in kitchen, ceiling fans, and forced-air natural gas heat. Wall-unit cooling, a dishwasher, refrigerator, washer, and dryer are also included.
Outdoor features include a fenced private backyard, patio, storage shed, and driveway parking on a 0.0562-acre lot. The property is served by public sewer and carries R3-1 zoning. It is located near a train station, with access to Manhattan, shopping, transportation, and Great Kills Park.
Outdoor features include a fenced private backyard, patio, storage shed, and driveway parking on a 0.0562-acre lot. The property is served by public sewer and carries R3-1 zoning. It is located near a train station, with access to Manhattan, shopping, transportation, and Great Kills Park.
Key Highlights
- 1,298‑square‑foot duplex on a 0.0562‑acre lot
- Three‑bedroom semi‑attached residence built in 1970
- Fenced private backyard with patio and storage shed
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
$32,971
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
4.58%
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%
$659,420
$659.4K
Cap Rate 7%
$471,014
$471.0K
Cap Rate 9%
$366,344
$366.3K
Market Conditions
NOI Build-Up for 1,298 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
$49.8K $38.40/SF
− Vacancy
−$2.7K −$2.11/SF
EGI
$47.1K $36.29/SF
− OpEx
−$14.1K −$10.89/SF
NOI
$33.0K $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%
$659,420
Cap Rate 7%
$471,014
Cap Rate 9%
$366,344
Alternative Uses
Best Use
Multifamily LT 5
$471.0K
$412.1K – $549.5K
NOI $32,971 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$418.5K
$366.2K – $488.3K
NOI $29,298 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$619.3K
$541.9K – $722.6K
NOI $43,353 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
360
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Semi-attached residence with three bedrooms, hardwood floors, patio space, and a fenced backyard with storage shed.
Where is this duplex located?
The property is located at 60 Bay Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $719,888.
What are key features of this property?
This property features: 1,298‑square‑foot duplex on a 0.0562‑acre lot; Three‑bedroom semi‑attached residence built in 1970; Fenced private backyard with patio and storage shed
