Renovated
For Sale
$1,379,000
Pending
72 Goodall St, Staten Island, NY 10308
Two residential units feature modern layouts and updated finishes after a comprehensive renovation.
Property Size3,331 SF
Lot Size0.15 Acres
Days on Market365
Property Features for 72 Goodall St
General Information
Standard status
Pending
Size
3,331 SF
Lot size
0.15 Acres
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Listing Agency:
Tom Crimmins Realty, Ltd.
Listed By:
Ross Buxbaum · License #40BU1069624
(718) 619-7976
Source:
Statenislandhomelistings
Added: Sep 4, 2025
Changed: Sep 1
Last Checked: Sep 2 at 6:27PM
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.
Located at 72 Goodall Street in Staten Island, this duplex contains two residential units with modern layouts, updated finishes, and abundant natural light. The property underwent a comprehensive reconstruction, including work from the foundation upward and a raised roof. The improvements create a substantially updated residential configuration while retaining the underlying 1930 construction date.
The property occupies an oversized 6,750 sq. ft. lot in the Great Kills area. The surrounding neighborhood is described as quiet and tree-lined, with shopping, dining, transportation, and schools nearby. Its two-unit arrangement provides a flexible residential setup within a rebuilt structure.
The property occupies an oversized 6,750 sq. ft. lot in the Great Kills area. The surrounding neighborhood is described as quiet and tree-lined, with shopping, dining, transportation, and schools nearby. Its two-unit arrangement provides a flexible residential setup within a rebuilt structure.
Key Highlights
- Two residential units with modern layouts and updated finishes
- Comprehensive reconstruction completed from the foundation upward
- Raised roof incorporated into the property renovation
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
$82,836
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
6.01%
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%
$1,656,720
$1.7M
Cap Rate 7%
$1,183,371
$1.2M
Cap Rate 9%
$920,400
$920.4K
Market Conditions
NOI Build-Up for 3,331 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
$123.9K $37.20/SF
− Vacancy
−$5.6K −$1.67/SF
EGI
$118.3K $35.53/SF
− OpEx
−$35.5K −$10.66/SF
NOI
$82.8K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,656,720
Cap Rate 7%
$1,183,371
Cap Rate 9%
$920,400
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.04M – $1.38M
NOI $82,836 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$1.06M
$923.4K – $1.23M
NOI $73,868 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,256 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
691
Businesses Nearby
Explore this area
Business Placement
Demographics for 10308, NY
28,198
Population
11,093
Households
2.5
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
12,817
Density / Sq Mi
$122,654
Median Household Income
$67,149
Median Earnings
$1,729
Median Rent
$648,800
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 - Two residential units feature modern layouts and updated finishes after a comprehensive renovation.
Where is this duplex located?
The property is located at 72 Goodall St Staten Island, NY.
What is the asking price?
The asking price for this property is $1,379,000.
What are key features of this property?
This property features: Two residential units with modern layouts and updated finishes; Comprehensive reconstruction completed from the foundation upward; Raised roof incorporated into the property renovation
