Two-Family Center Hall
For Sale
$1,749,900
63 Bayview Ter, Staten Island, NY 10312
New construction two-family home with center hall layout, grand foyer, gas fireplace, and radiant in-floor heating.
Property Size2,500 SF
Price / SF$699.96
Days on Market182
Property Features for 63 Bayview Ter
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Construction
center hall colonial
Tenancy
Multi
Listing Agency:
Barbara A. Smith
Listed By:
Barbara Smith · License #10351207568
(718) 667-9100
Source:
Statenislandhomelistings
Added: Mar 12
Changed: Sep 8
Last Checked: Sep 8 at 7:12AM
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 Barbara A. Smith
Investment Insights
Based on property information with market context.
This new construction two-family center hall colonial offers a grand two-story foyer with a curved staircase, custom iron double doors, and custom arched openings throughout. The main home features a large custom kitchen that opens to the family room, where there is a gas fireplace, along with an oversized island with quartz countertop, walk-in pantry, and a butler’s bar. Upstairs includes a second-floor laundry and four spacious bedrooms, including a primary suite with a walk-in closet and a five-piece bath with double sinks, plus tray ceilings, vaulted ceilings, and upgraded finishes. Heating is a mix of radiant in-floor heat (entire first floor and baths) and baseboard hot water. Additional highlights include Pella windows, hardwood floors, custom molding package, interior and exterior high hats, natural stone and stucco exterior, front porch, attached garage, and an alarm system.
The property includes ocean views and a separate one-bedroom apartment described as large with plenty of light from standard-size windows. The apartment can be customized for extended family use or rental income. Provided details include the overall two-family configuration and the apartment’s one-bedroom layout.
The property includes ocean views and a separate one-bedroom apartment described as large with plenty of light from standard-size windows. The apartment can be customized for extended family use or rental income. Provided details include the overall two-family configuration and the apartment’s one-bedroom layout.
Key Highlights
- New construction 2‑family center hall colonial (Year built: 2026)
- Grand 2‑story foyer with curved staircase and custom iron double doors
- Custom kitchen opens to family room with gas fireplace; oversized quartz island and walk‑in pantry
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
$61,777
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
3.53%
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%
$1,235,540
$1.2M
Cap Rate 7%
$882,529
$882.5K
Cap Rate 9%
$686,411
$686.4K
Market Conditions
NOI Build-Up for 2,500 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
$96.0K $38.40/SF
− Vacancy
−$7.7K −$3.10/SF
EGI
$88.3K $35.30/SF
− OpEx
−$26.5K −$10.59/SF
NOI
$61.8K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
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%
$1,235,540
Cap Rate 7%
$882,529
Cap Rate 9%
$686,411
Alternative Uses
Best Use
Multifamily LT 5
$882.5K
$772.2K – $1.03M
NOI $61,777 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$776.4K
$679.4K – $905.9K
NOI $54,351 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,501 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - New construction two-family home with center hall layout, grand foyer, gas fireplace, and radiant in-floor heating.
Where is this duplex located?
The property is located at 63 Bayview Ter Staten Island, NY.
What is the asking price?
The asking price for this property is $1,749,900.
What are key features of this property?
This property features: New construction 2‑family center hall colonial (Year built: 2026); Grand 2‑story foyer with curved staircase and custom iron double doors; Custom kitchen opens to family room with gas fireplace; oversized quartz island and walk‑in pantry
