Renovated Two-Family Brick
New
For Sale
$874,000
93 Twombly Ave, Staten Island, NY 10306
Semi-attached configuration includes finished basement space and split A/C serving both residential levels.
Property Size1,800 SF
Days on Market6
Property Features for 93 Twombly Ave
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,051
Building Details
Building Size
1,800 SF
Year Built
1970
Buildings
1
Stories
2
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Renzhang Danny Dong · License #RD7348
(718) 612-3088
Source:
Elliman
Added: Aug 19
Changed: Aug 24
Last Checked: Aug 24 at 6:27AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This renovated semi-attached brick property contains two residential apartments arranged one above the other. Each unit offers 2 bedrooms and 1 bath, along with an updated kitchen and a practical living layout. Split A/C systems serve both floors. The finished basement adds recreational and storage space and includes a half bathroom. Built in 1970, the all-brick exterior provides a durable building envelope.
The property is located in Staten Island’s Bay Terrace/Oakwood area, within the 10306 area. Nearby amenities include shopping, dining, schools, parks, beaches, marinas, and waterfront recreation. Public transportation options include Staten Island Railway service and local and express bus routes, while major roadways and commercial destinations along Hylan Boulevard provide additional connectivity. Great Kills Park and Gateway National Recreation Area are also nearby.
The property is located in Staten Island’s Bay Terrace/Oakwood area, within the 10306 area. Nearby amenities include shopping, dining, schools, parks, beaches, marinas, and waterfront recreation. Public transportation options include Staten Island Railway service and local and express bus routes, while major roadways and commercial destinations along Hylan Boulevard provide additional connectivity. Great Kills Park and Gateway National Recreation Area are also nearby.
Key Highlights
- Two 2‑bedroom, 1‑bath apartments in a stacked two‑family layout
- Finished basement with recreational space and a half bathroom
- Updated kitchens and split A/C systems on both residential floors
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
$45,723
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
5.23%
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%
$914,460
$914.5K
Cap Rate 7%
$653,186
$653.2K
Cap Rate 9%
$508,033
$508.0K
Market Conditions
NOI Build-Up for 1,800 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
$69.1K $38.40/SF
− Vacancy
−$3.8K −$2.11/SF
EGI
$65.3K $36.29/SF
− OpEx
−$19.6K −$10.89/SF
NOI
$45.7K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /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%
$914,460
Cap Rate 7%
$653,186
Cap Rate 9%
$508,033
Alternative Uses
Best Use
Multifamily LT 5
$653.2K
$571.5K – $762.1K
NOI $45,723 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$580.4K
$507.9K – $677.2K
NOI $40,630 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$858.9K
$751.5K – $1.00M
NOI $60,120 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
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 - Semi-attached configuration includes finished basement space and split A/C serving both residential levels.
Where is this duplex located?
The property is located at 93 Twombly Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $874,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments in a stacked two‑family layout; Finished basement with recreational space and a half bathroom; Updated kitchens and split A/C systems on both residential floors
