Two-Family Colonial in New
508 New Dorp Lane Staten Island, NY 10306
For Sale
$998,000
MULTI_FAMILY - Staten Island, NY
Property Size1,600 SF
Lot Size0.07 Acres
Price / SF$623.75
Days on Market401
Property Features for 508 New Dorp Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bathrooms
4
Rooms
Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 1
Parking features
Carport
Patio and Porch features
Deck, Patio
Interior features
Central Air, Deck, Dishwasher, Laundry Area, Microwave, Patio Garden, Pool, Refrigerator, Stove, Washer
Basement
Finished
Standard status
Active
Size
1,600 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6091
Building Details
Year built
2004
Floors in Building
2
Number of units
1
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Asphalt
Architectural style
Colonial
Listing Agency:
Anne Lopa Real Estate
(718) 227-1111
Listed By:
Ann Lopa
(718) 227-1111
Added: Jun 25, 2025
Changed: Jul 11
Last Checked: Jul 30 at 3:06AM
MLS# 493736
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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, located in the heart of New Dorp, Staten Island, offers approximately 2625 sq ft of living space on a 0.0661-acre lot. The property is conveniently located near grocery stores, coffee shops, restaurants, a gym, Staten Island Tech High School, New Dorp High School, buses, trains, and is just minutes from the bridge. The main house features approximately 1750 sq ft, while the apartment offers approximately 875 sq ft. The main house includes a custom eat-in kitchen with stainless steel appliances, granite countertops, and a glass subway tile backsplash, a family room, a living room, a dining room, and a 1/2 bath. Oak floors and railings run throughout. The upper level features a large master bedroom with a private full bath, a large bedroom, a third bedroom, and a second full bath. The apartment, currently configured as a 1-bedroom for personal use, includes a large eat-in kitchen with stainless steel appliances, including a dishwasher, a living room, and a dining area. The yard features a pool with a new liner and a pool deck, a garden area, and a driveway. The property is surrounded by a PVC fence. The tenant has a separate central air unit and a separate heat system. The main house includes a washer and dryer, which the tenant can share if the owner allows. There are two separate heating units, two central air units, and two separate electric meters. The property is zoned R3-1.
Key Highlights
- 2‑family Colonial built in 2004 with approx. 2,625 sq ft total living space
- Separate utilities: 2 central air units and 2 separate heating units, plus 2 electric meters
- Main unit features washer and dryer; tenant has separate central air and separate heat system
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 | $61.4k | $38.40 |
| − Vacancy | −$3.4k | −$2.11 |
| EGI | $58.1k | $36.29 |
| − OpEx | −$17.4k | −$10.89 |
| NOI | $40.6k | $25.40 |
1,600 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$580.6K
$508.0K – $677.4K
NOI $40,643 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$515.9K
$451.4K – $601.9K
NOI $36,115 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$763.4K
$668.0K – $890.7K
NOI $53,440 @ 7.0% cap · market cap 5.35%
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 - Income-producing two-family home in the heart of New Dorp.
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 built in 2004 with approx. 2,625 sq ft total living space; Separate utilities: 2 central air units and 2 separate heating units, plus 2 electric meters; Main unit features washer and dryer; tenant has separate central air and separate heat system
