Oversized Two-Family
For Sale
Contact for pricing
79 South Goff Avenue C, Staten Island, NY 10309
Spacious duplex with finished basements, ideal for multi-generational living.
Property Size3,537 SF
Price / SF$480.61
Days on Market162
Property Features for 79 South Goff Avenue C
General Information
Standard status
Active
Size
3,537 SF
Property subtype
Multifamily
Zoning
R-3X
Building Details
Year Built
2026
Stories
2
Units
2
Listing Agency:
Barbara A. Smith
(718) 667-9100
Listed By:
Barbara Smith · License #10351207568
Source:
Crexi
Added: Mar 17
Changed: Aug 14
Last Checked: Aug 24 at 5:53AM
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 Barbara A. Smith
Investment Insights
Based on property information with market context.
This is a custom oversized two-family residence. Each unit features an open concept living room and dining combo, a kitchen, four bedrooms, and three bathrooms. The primary bedroom includes a 3/4 bath and a walk-in closet. Each unit also has its own finished basement with a 3/4 bath and a separate entrance. The property offers a unique design and layout with generously sized rooms, making it suitable for a multi-generational family. The property size is 3537 square feet.
Key Highlights
- Oversized 2‑family home perfect for multigenerational living.
- Each unit boasts 4 bedrooms and 3 baths.
- Each unit features a finished basement with a 3/4 bath and separate entrance.
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
$87,959
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
5.17%
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%
$1,759,180
$1.8M
Cap Rate 7%
$1,256,557
$1.3M
Cap Rate 9%
$977,322
$977.3K
Market Conditions
NOI Build-Up for 3,537 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
$131.6K $37.20/SF
− Vacancy
−$5.9K −$1.67/SF
EGI
$125.7K $35.53/SF
− OpEx
−$37.7K −$10.66/SF
NOI
$88.0K $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%
$1,759,180
Cap Rate 7%
$1,256,557
Cap Rate 9%
$977,322
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $87,959 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$1.12M
$980.5K – $1.31M
NOI $78,437 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,137 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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 - Spacious duplex with finished basements, ideal for multi-generational living.
Where is this duplex located?
The property is located at 79 South Goff Avenue C Staten Island, NY.
What is the asking price?
The asking price for this property is $1,699,900.
What are key features of this property?
This property features: Oversized 2‑family home perfect for multigenerational living.; Each unit boasts 4 bedrooms and 3 baths.; Each unit features a finished basement with a 3/4 bath and separate entrance.
