Two-Family Modern
For Sale
$1,249,999
70 Cedar Terrace, Staten Island, NY 10304
Built in 2021, this two-family home includes a 3-bedroom main unit and an additional 1-bedroom apartment.
Property Size2,840 SF
Price / SF$440.14
Days on Market355
Property Features for 70 Cedar Terrace
General Information
Standard status
Active
Size
2,840 SF
Property subtype
MultiFamily
Zoning
R3A
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,712
Amenities
Eat In
Full Bath
2
Gas
Forced Air
Fireplace, Formal
4.00
Other
Central
Stucco
Building Details
Year Built
2021
Construction
modern colonial
Tenancy
Multi
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Lori Ann A Dzedovich · License #10401323889
(646) 704-5975
Source:
Compass
Added: Sep 21, 2025
Changed: Aug 8
Last Checked: Jul 23 at 1:38PM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
Built in 2021, this two-family modern colonial offers a main unit with three bedrooms and an open-concept layout. The first level features upgraded finishes, top-of-the-line appliances, and marble tile flooring, with recessed lighting and abundant natural sunlight throughout. An elegant staircase with a wrought iron banister leads to the second floor, where rich hardwood floors add warmth and character.
The property also includes a separate 1-bedroom apartment, which can support rental income or extended-family living. It is located just minutes from the Verrazano Bridge, express buses, and shopping, and the home is described as offering views of Staten Island.
The property also includes a separate 1-bedroom apartment, which can support rental income or extended-family living. It is located just minutes from the Verrazano Bridge, express buses, and shopping, and the home is described as offering views of Staten Island.
Key Highlights
- Built in 2021 two‑family modern colonial
- Main unit offers 3 bedrooms with open‑concept layout
- 1‑bedroom apartment on the property for rental income or extended family living
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
$70,179
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
5.61%
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%
$1,403,580
$1.4M
Cap Rate 7%
$1,002,557
$1.0M
Cap Rate 9%
$779,767
$779.8K
Market Conditions
NOI Build-Up for 2,840 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
$109.1K $38.40/SF
− Vacancy
−$8.8K −$3.10/SF
EGI
$100.3K $35.30/SF
− OpEx
−$30.1K −$10.59/SF
NOI
$70.2K $24.71/SF
Area
ZIP 10304
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%
$1,403,580
Cap Rate 7%
$1,002,557
Cap Rate 9%
$779,767
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$877.2K – $1.17M
NOI $70,179 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$918.8K
$803.9K – $1.07M
NOI $64,315 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $94,857 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Built in 2021, this two-family home includes a 3-bedroom main unit and an additional 1-bedroom apartment.
Where is this duplex located?
The property is located at 70 Cedar Terrace Staten Island, NY.
What is the asking price?
The asking price for this property is $1,249,999.
What are key features of this property?
This property features: Built in 2021 two‑family modern colonial; Main unit offers 3 bedrooms with open‑concept layout; 1‑bedroom apartment on the property for rental income or extended family living
