Colonial Duplex with Finished
For Sale
$699,900
Pending
509 Eltingville Boulevard, Staten Island, NY 10312
SINGLE_FAMILY - Colonial - Staten Island, NY
Property Size1,440 SF
Lot Size0.06 Acres
Days on Market111
Property Features for 509 Eltingville Boulevard
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
Parking features
On Street, Carport
Fencing
Fenced
Basement
Finished
Lot features
Back Yard
Subdivision
Eltingville
Standard status
Pending
Size
1,440 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
5600
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1975
Floors in Building
2
Building materials
Stone, Vinyl Siding
Architectural style
Colonial
Listing Agency:
JM Properties
(718) 524-6673
Listed By:
Jessica Matute · License #10311207871
(917) 701-9376
Added: May 6
Changed: Aug 3
Last Checked: Aug 23 at 11:06PM
MLS# 2602507
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.
509 Eltingville Boulevard is a colonial-style duplex on a 0.0632-acre lot, built in 1975. The home totals 1,440 square feet and features a well-laid-out interior with three bedrooms and two bathrooms. An eat-in kitchen includes sliding glass doors opening directly to the backyard, supporting indoor-outdoor use. A fully finished basement adds additional living space along with ample storage.
The property is served by public sewer and uses natural gas forced-air heating with central air cooling. Exterior materials include stone and vinyl siding, and there is fencing on the property. Parking is available with on-street spaces and a carport.
Located near shopping at Greenwich Plaza and just moments from a bus park-and-ride, the home is positioned for convenient access to transportation and local amenities.
The property is served by public sewer and uses natural gas forced-air heating with central air cooling. Exterior materials include stone and vinyl siding, and there is fencing on the property. Parking is available with on-street spaces and a carport.
Located near shopping at Greenwich Plaza and just moments from a bus park-and-ride, the home is positioned for convenient access to transportation and local amenities.
Key Highlights
- Zoned R3‑1 duplex on a 0.0632‑acre lot
- 1,440 square feet with three bedrooms and two bathrooms
- Eat‑in kitchen with sliding glass doors to the backyard
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
$35,584
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
5.08%
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%
$711,680
$711.7K
Cap Rate 7%
$508,343
$508.3K
Cap Rate 9%
$395,378
$395.4K
Market Conditions
NOI Build-Up for 1,440 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
$55.3K $38.40/SF
− Vacancy
−$4.5K −$3.10/SF
EGI
$50.8K $35.30/SF
− OpEx
−$15.3K −$10.59/SF
NOI
$35.6K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
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%
$711,680
Cap Rate 7%
$508,343
Cap Rate 9%
$395,378
Alternative Uses
Best Use
Multifamily LT 5
$508.3K
$444.8K – $593.1K
NOI $35,584 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$447.2K
$391.3K – $521.8K
NOI $31,306 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$687.1K
$601.2K – $801.6K
NOI $48,096 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
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 - R3-1 zoned colonial duplex with central air, natural gas forced-air heat, and a finished basement.
Where is this duplex located?
The property is located at 509 Eltingville Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Zoned R3‑1 duplex on a 0.0632‑acre lot; 1,440 square feet with three bedrooms and two bathrooms; Eat‑in kitchen with sliding glass doors to the backyard
