Fully Detached Two-Family Duplex with
For Sale
$899,000
Pending
94 Olympia Boulevard, Staten Island, NY 10305
MULTI_FAMILY - Staten Island, NY
Property Size1,760 SF
Lot Size0.12 Acres
Days on Market55
Property Features for 94 Olympia Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
7
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 7, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
Parking features
Off Street, Garage
Fencing
Fenced
Lot features
Back Yard
Subdivision
South Beach
Standard status
Pending
APN
5034040007
Size
1,760 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
5589
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Year built
1905
Floors in Building
2
Number of units
1
Building materials
Brick, Stucco
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Kin Wa Lam · License #10401301649
(718) 668-2550
Added: Jul 1
Changed: Aug 2
Last Checked: Aug 24 at 10:06AM
MLS# 2603703
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 fully detached, updated two-family duplex features a 4-over-3 layout with two separate units. Unit 1 offers three bedrooms, and Unit 2 offers four bedrooms, with open-concept kitchen, living, and dining spaces in both units. The home has no basement. The property was completely renovated about 10 years ago and is constructed with brick and stucco.
A private driveway provides off-street access and a 2-car garage. An adjacent 25' x 75' lot is included with the main home, and the property is fenced. Heat and utilities are paid by the tenants, and the home is served by natural gas and public sewer.
With zoning listed as R3X, this property can suit an owner-occupant or investor looking for a renovated two-family layout with dedicated garage parking and an additional adjacent lot.
A private driveway provides off-street access and a 2-car garage. An adjacent 25' x 75' lot is included with the main home, and the property is fenced. Heat and utilities are paid by the tenants, and the home is served by natural gas and public sewer.
With zoning listed as R3X, this property can suit an owner-occupant or investor looking for a renovated two-family layout with dedicated garage parking and an additional adjacent lot.
Key Highlights
- Fully detached two‑family duplex with a 4‑over‑3 layout
- Unit 1 has 3 bedrooms; Unit 2 has 4 bedrooms
- Completely renovated about 10 years ago
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
$46,209
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
5.14%
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%
$924,180
$924.2K
Cap Rate 7%
$660,129
$660.1K
Cap Rate 9%
$513,433
$513.4K
Market Conditions
NOI Build-Up for 1,760 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
$71.8K $40.80/SF
− Vacancy
−$5.8K −$3.29/SF
EGI
$66.0K $37.51/SF
− OpEx
−$19.8K −$11.25/SF
NOI
$46.2K $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%
$924,180
Cap Rate 7%
$660,129
Cap Rate 9%
$513,433
Alternative Uses
Best Use
Multifamily LT 5
$660.1K
$577.6K – $770.2K
NOI $46,209 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$607.4K
$531.4K – $708.6K
NOI $42,515 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$839.8K
$734.8K – $979.7K
NOI $58,784 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
720
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Fully detached, renovated duplex on R3X zoned land with tenant-paid utilities, private driveway, and garage parking.
Where is this duplex located?
The property is located at 94 Olympia Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Fully detached two‑family duplex with a 4‑over‑3 layout; Unit 1 has 3 bedrooms; Unit 2 has 4 bedrooms; Completely renovated about 10 years ago
