Renovated Duplex with
For Sale
$1,625,000
708 Hylan Boulevard, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size1,893 SF
Lot Size0.14 Acres
Price / SF$858.43
Days on Market67
Property Features for 708 Hylan Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Garage, Driveway
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Arrochar
Standard status
Active
APN
3038/65
Size
1,893 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8598
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Cape Cod
Listing Agency:
J Milo Real Estate
(718) 872-9300
Listed By:
Eric Eremita
(718) 400-1313
Added: Jun 29
Changed: Aug 25
Last Checked: Sep 3 at 3:06AM
MLS# 2603652
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 Cape Cod-style duplex contains 1,893 square feet and includes a renovated two-bedroom apartment. The property features central air conditioning, hot-water heating powered by natural gas, and an attached oversized two-car garage with driveway parking. Brick and vinyl siding complete the exterior, while the layout includes five bedrooms and two bathrooms.
The property occupies a 0.1446-acre lot at 708 Hylan Boulevard in Staten Island, NY 10305. Public sewer service is in place, and the building dates to 1960. Its configuration provides separate apartment space within a residential income property, with legal use, permits, certificates of occupancy, and measured finished area subject to buyer verification.
The property occupies a 0.1446-acre lot at 708 Hylan Boulevard in Staten Island, NY 10305. Public sewer service is in place, and the building dates to 1960. Its configuration provides separate apartment space within a residential income property, with legal use, permits, certificates of occupancy, and measured finished area subject to buyer verification.
Key Highlights
- 1,893‑square‑foot duplex on a 0.1446‑acre lot
- Renovated 2‑bedroom apartment included
- Attached oversized 2‑car garage plus driveway parking
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
$49,701
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
3.06%
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%
$994,020
$994.0K
Cap Rate 7%
$710,014
$710.0K
Cap Rate 9%
$552,233
$552.2K
Market Conditions
NOI Build-Up for 1,893 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
$77.2K $40.80/SF
− Vacancy
−$6.2K −$3.29/SF
EGI
$71.0K $37.51/SF
− OpEx
−$21.3K −$11.25/SF
NOI
$49.7K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$994,020
Cap Rate 7%
$710,014
Cap Rate 9%
$552,233
Alternative Uses
Best Use
Multifamily LT 5
$710.0K
$621.3K – $828.4K
NOI $49,701 @ 7.0% cap · market cap 3.06%
Second Best
Apartment 5plus
$653.2K
$571.6K – $762.1K
NOI $45,727 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$903.2K
$790.3K – $1.05M
NOI $63,227 @ 7.0% cap · market cap 3.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
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 - Cape Cod-style duplex with a renovated two-bedroom apartment, central air, and public sewer service.
Where is this duplex located?
The property is located at 708 Hylan Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: 1,893‑square‑foot duplex on a 0.1446‑acre lot; Renovated 2‑bedroom apartment included; Attached oversized 2‑car garage plus driveway parking
