Cape Cod Duplex with
New
For Sale
$799,000
70 Goodwin Avenue, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size1,505 SF
Lot Size0.12 Acres
Price / SF$530.90
Days on Market1
Property Features for 70 Goodwin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R2
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
Off Street, Garage, Driveway
Interior features
Ceiling Fan(s)
Fencing
Fenced
Basement
Unfinished
Lot features
Front Yard, Back Yard
Subdivision
Westerleigh
Standard status
Active
APN
00369-0095
Size
1,505 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
8414
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Oil
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding, Brick
Architectural style
Cape Cod
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
Anthony J Cammaroto
(718) 757-6712
Added: Sep 9
Last Checked: Sep 9 at 5:06PM
MLS# 2605076
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 Cape Cod duplex was built in 1950 and contains 1,505 square feet on a 0.1194-acre lot. The layout includes three bedrooms and two bathrooms, along with hardwood floors, an eat-in kitchen, ceiling fans, central air, and hot-water heating fueled by oil. Aluminum siding and brick form the exterior, while garage, driveway, and off-street parking support the property.
The grounds are fenced, and the property connects to public sewer service. Its Westerleigh-area setting in Staten Island places it near express bus service, shopping, and the Staten Island Expressway. The R2 zoning designation and duplex classification provide the primary framework for evaluating the property as a residential income asset.
The grounds are fenced, and the property connects to public sewer service. Its Westerleigh-area setting in Staten Island places it near express bus service, shopping, and the Staten Island Expressway. The R2 zoning designation and duplex classification provide the primary framework for evaluating the property as a residential income asset.
Key Highlights
- Duplex with 1,505 square feet of building area
- 0.1194‑acre lot with fenced grounds
- Three bedrooms and two bathrooms
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
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Current Use
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Duplex - R2-zoned property with central air, oil-fired hot-water heat, and a fenced yard with driveway parking.
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 with 1,505 square feet of building area; 0.1194‑acre lot with fenced grounds; Three bedrooms and two bathrooms
