New Construction Duplex with Finished
For Sale
$1,299,999
Pending
87 Bombay Street, Staten Island, NY 10309
MULTI_FAMILY - Staten Island, NY
Property Size2,475 SF
Lot Size0.09 Acres
Days on Market357
Property Features for 87 Bombay Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
R3-X
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bathroom 4, Bedroom 2, Bathroom 5, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 6
Parking features
Off Street, On Street
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Rossville
Standard status
Pending
APN
07035-0000
Size
2,475 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
13000
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
2025
Floors in Building
2
Number of units
2
Building materials
Stone, Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Nicole Molinini · License #40MO1063271
(718) 987-7900
Added: Sep 2, 2025
Changed: Aug 2
Last Checked: Aug 24 at 10:06PM
MLS# 2505130
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.
Under construction new construction duplex (2-family) featuring a 6 over 6 configuration, with each unit offering 3 bedrooms including a master bedroom with a 3/4 bath and walk-in closet. Both levels are designed with a living/dining combination, an eat-in kitchen, full bath, laundry, and additional bedrooms. A full finished basement includes a 3/4 bath, utilities, and access to the yard via side yard.
The home is planned on a 0.0918-acre lot and includes approximately 2,475 square feet. The construction is listed as stone with vinyl siding, with forced air and electric heating, plus central air. Parking is described as off-street and on-street, and services include public sewer.
Set for completion as a 2025 build on a tranquil, tree-lined block, the property is positioned for everyday convenience to shopping and transportation.
The home is planned on a 0.0918-acre lot and includes approximately 2,475 square feet. The construction is listed as stone with vinyl siding, with forced air and electric heating, plus central air. Parking is described as off-street and on-street, and services include public sewer.
Set for completion as a 2025 build on a tranquil, tree-lined block, the property is positioned for everyday convenience to shopping and transportation.
Key Highlights
- Under construction new construction two‑family duplex, 6 over 6 configuration
- 3 bedrooms per unit, each with master 3/4 bath plus WIC
- Full finished basement with 3/4 bath, utilities, and access to yard via side yard
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
$61,549
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
4.73%
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%
$1,230,980
$1.2M
Cap Rate 7%
$879,271
$879.3K
Cap Rate 9%
$683,878
$683.9K
Market Conditions
NOI Build-Up for 2,475 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
$92.1K $37.20/SF
− Vacancy
−$4.1K −$1.67/SF
EGI
$87.9K $35.53/SF
− OpEx
−$26.4K −$10.66/SF
NOI
$61.5K $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%
$1,230,980
Cap Rate 7%
$879,271
Cap Rate 9%
$683,878
Alternative Uses
Best Use
Multifamily LT 5
$879.3K
$769.4K – $1.03M
NOI $61,549 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$784.1K
$686.1K – $914.8K
NOI $54,886 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,666 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
446
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 - Under-construction two-family duplex on R3-X zoning, featuring central air, forced-air electric heat, and a full finished basement.
Where is this duplex located?
The property is located at 87 Bombay Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Under construction new construction two‑family duplex, 6 over 6 configuration; 3 bedrooms per unit, each with master 3/4 bath plus WIC; Full finished basement with 3/4 bath, utilities, and access to yard via side yard
