Two-Family Colonial Duplex with
508 New Dorp Lane Staten Island, NY 10306
For Sale
$998,000
MULTI_FAMILY - Staten Island, NY
Property Size1,150 SF
Lot Size0.07 Acres
Price / SF$867.83
Days on Market407
Property Features for 508 New Dorp Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
5
Rooms
Bathroom 4, Bedroom 2, Bedroom 1, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking features
Carport, On Street
Basement
Full, Apartment
Standard status
Active
APN
04031-0109
Size
1,150 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6112
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
2004
Floors in Building
2
Number of units
2
Building materials
Stone, Stucco, Vinyl Siding
Listing Agency:
Anne Lopa Real Estate
(718) 227-1111
Listed By:
Ann Lopa
(718) 227-1111
Added: Jun 19, 2025
Changed: Jul 29
Last Checked: Jul 30 at 3:06AM
MLS# 2503597
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 two-family Colonial is arranged over three floors and totals approximately 2,625 square feet, with about 1,750 square feet in the main home and about 875 square feet in the apartment. The property includes an eat-in kitchen with stainless steel appliances, granite countertops, and a glass subway tile backsplash, along with a family room, living room, dining room, and a half bath. The upper level offers a large master bedroom with a private full bath, plus an additional bedroom and a second full bath. Oak floors and railings run throughout. The apartment is a studio-style layout with a large eat-in kitchen (including a dishwasher), a living area, a dining area, and a bedroom, with a second family room located next to the apartment.
Located in the heart of New Dorp, the home is described as a short walk to grocery stores, coffee, shops, restaurants, a gym, Staten Island Tech High School, and bus and train service, with minutes to the bridge.
Outdoor space includes a yard with a pool (new liner) and pool deck, along with garden areas and room for tables, chairs, and lounges. The property also features a driveway and PVC fencing around the perimeter. There are two separate heating units, two central air units, and two separate electric meters. The main house includes a washer and dryer, and the tenant can share them if the owner chooses to allow it.
Located in the heart of New Dorp, the home is described as a short walk to grocery stores, coffee, shops, restaurants, a gym, Staten Island Tech High School, and bus and train service, with minutes to the bridge.
Outdoor space includes a yard with a pool (new liner) and pool deck, along with garden areas and room for tables, chairs, and lounges. The property also features a driveway and PVC fencing around the perimeter. There are two separate heating units, two central air units, and two separate electric meters. The main house includes a washer and dryer, and the tenant can share them if the owner chooses to allow it.
Key Highlights
- 2‑family colonial approx. 2,625 sq ft total (approx. 1,750 sq ft main home + approx. 875 sq ft apartment)
- Built in 2004 with stone, stucco, and vinyl siding; central air and natural gas forced‑air heating
- Separate systems for tenant and owner: two heating units, two central A/C units, and two electric meters
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.2k | $38.40 |
| − Vacancy | −$2.4k | −$2.11 |
| EGI | $41.7k | $36.29 |
| − OpEx | −$12.5k | −$10.89 |
| NOI | $29.2k | $25.40 |
1,150 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.3K
$365.2K – $486.9K
NOI $29,212 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$370.8K
$324.5K – $432.6K
NOI $25,958 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$548.7K
$480.1K – $640.2K
NOI $38,410 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Three-floor two-family colonial with a pool, separate HVAC and electric meters, and a studio-style apartment configuration.
Where is this duplex located?
The property is located at 508 New Dorp Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 2‑family colonial approx. 2,625 sq ft total (approx. 1,750 sq ft main home + approx. 875 sq ft apartment); Built in 2004 with stone, stucco, and vinyl siding; central air and natural gas forced‑air heating; Separate systems for tenant and owner: two heating units, two central A/C units, and two electric meters
