Cape Cod Duplex with Hardwood
For Sale
$799,000
70 Goodwin Avenue, Staten Island, NY 10314
Cape Cod-style duplex with an eat-in kitchen, traditional layout, and updating needs.
Property Size1,505 SF
Days on Market14
Property Features for 70 Goodwin Avenue
General Information
Standard status
Active
Size
1,505 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
needs some TLC + updating
Site & Location
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,414
Building Details
Building Size
1,505 SF
Year Built
1950
Construction
Cape Cod
Listing Agency:
Tom Crimmins Realty, Ltd.
Listed By:
Anthony J Cammaroto
(718) 370-3200
Source:
Wonicarealtors
Added: Sep 9
Changed: Sep 17
Last Checked: Sep 21 at 8:00AM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
This Cape Cod-style duplex, built in 1950, offers a traditional interior arrangement with hardwood floors and a large eat-in kitchen. The property is being offered as-is and requires updating, providing a renovation project for an owner or investor. Its existing residential character and layout provide a clear starting point for improvements while preserving the home’s established design.
The property is situated in the Westerleigh section of Staten Island, near the Westcott Blvd area. Express bus service, shopping, and the Staten Island Expressway are within convenient distance. The Goodwin Avenue address places the duplex in a residential setting with access to nearby transportation and everyday amenities.
The property is situated in the Westerleigh section of Staten Island, near the Westcott Blvd area. Express bus service, shopping, and the Staten Island Expressway are within convenient distance. The Goodwin Avenue address places the duplex in a residential setting with access to nearby transportation and everyday amenities.
Key Highlights
- Duplex property with Cape Cod‑style design
- Built in 1950
- Hardwood floors throughout the home
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
$41,049
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
5.14%
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%
$820,980
$821.0K
Cap Rate 7%
$586,414
$586.4K
Cap Rate 9%
$456,100
$456.1K
Market Conditions
NOI Build-Up for 1,505 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
$61.4K $40.80/SF
− Vacancy
−$2.8K −$1.84/SF
EGI
$58.6K $38.96/SF
− OpEx
−$17.6K −$11.69/SF
NOI
$41.0K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
Lease Rate
$40.80 /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%
$820,980
Cap Rate 7%
$586,414
Cap Rate 9%
$456,100
Alternative Uses
Best Use
Multifamily LT 5
$586.4K
$513.1K – $684.2K
NOI $41,049 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$543.8K
$475.8K – $634.4K
NOI $38,063 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$718.1K
$628.3K – $837.8K
NOI $50,267 @ 7.0% cap · market cap 6.29%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
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 - Cape Cod-style duplex with an eat-in kitchen, traditional layout, and updating needs.
Where is this duplex located?
The property is located at 70 Goodwin Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Duplex property with Cape Cod‑style design; Built in 1950; Hardwood floors throughout the home
