Detached 5-over-5 Apartment
For Sale
$999,000
63 Sunnyside Terrace, Staten Island, NY 10301
Updated multifamily property with a full basement and flexible living arrangement in Staten Island’s Sunnyside neighborhood.
Property Size2,304 SF
Days on Market33
Property Features for 63 Sunnyside Terrace
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Residential Income
Zoning
R3X
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,457
Building Details
Building Size
2,304 SF
Year Built
1965
Stories
2
Units
2
Listing Agency:
Martino Realty Group
(718) 608-9400
Listed By:
Racquel L Comello
Source:
Kirinny
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 29 at 10:19AM
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 Martino Realty Group
Investment Insights
Based on property information with market context.
This fully detached multifamily property features a 5-over-5 layout, modern upgrades, and a full basement that adds storage and functional flexibility. The configuration provides separate living areas suited to multigenerational use, while the secondary unit offers rental-income potential. Built in 1965 and zoned R3X, the property combines established construction with refreshed interior features.
Located in the Sunnyside neighborhood of Staten Island, the property is near shopping, dining, and public transportation. Access to both the Verrazano-Narrows Bridge and Goethals Bridge is described as convenient, supporting regional travel and commuting.
Located in the Sunnyside neighborhood of Staten Island, the property is near shopping, dining, and public transportation. Access to both the Verrazano-Narrows Bridge and Goethals Bridge is described as convenient, supporting regional travel and commuting.
Key Highlights
- Fully detached 5‑over‑5 multifamily layout
- Modern upgrades throughout the property
- Full basement provides additional storage and flexibility
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
$51,094
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
5.11%
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%
$1,021,880
$1.0M
Cap Rate 7%
$729,914
$729.9K
Cap Rate 9%
$567,711
$567.7K
Market Conditions
NOI Build-Up for 2,304 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
$96.8K $42.00/SF
− Vacancy
−$3.9K −$1.68/SF
EGI
$92.9K $40.32/SF
− OpEx
−$41.8K −$18.14/SF
NOI
$51.1K $22.18/SF
Area
Staten Island, NY
Vacancy
4.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,021,880
Cap Rate 7%
$729,914
Cap Rate 9%
$567,711
Alternative Uses
Best Use
Apartment 5plus
$729.9K
$638.7K – $851.6K
NOI $51,094 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$961.9K – $1.28M
NOI $76,954 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Explore this area
Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
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?
Apartment building - Updated multifamily property with a full basement and flexible living arrangement in Staten Island’s Sunnyside neighborhood.
Where is this apartment building located?
The property is located at 63 Sunnyside Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Fully detached 5‑over‑5 multifamily layout; Modern upgrades throughout the property; Full basement provides additional storage and flexibility
