Medical/Office Building on Hylan
For Sale
Contact for pricing
2777 Hylan Blvd, Staten Island, NY 10306
Modern, turn-key medical facility in a prime location.
Property Size7,673 SF
Price / SF$781.31
Days on Market570
Property Features for 2777 Hylan Blvd
General Information
Standard status
Active
Size
7,673 SF
Class
A
Property subtype
Office
Zoning
R3-1
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2000
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
PreReal Prendamano Real Estate
Listed By:
Robert Nixon · License #10401253010
(718) 816-7799
Source:
Crexi
Added: Feb 11, 2025
Changed: Sep 2
Last Checked: Sep 2 at 10:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PreReal Prendamano Real Estate
Investment Insights
Based on property information with market context.
The property at 2777 Hylan Blvd is a state-of-the-art medical and office building built in 2002. The solid masonry structure spans two floors and is equipped with ADA accessibility, an elevator, and ample parking on the side and rear of the property. The main level, previously occupied by a plastic surgeon, features a reception and waiting area with a private restroom, multiple exam rooms and private offices, additional restrooms, a kitchenette, soaring ceilings, abundant natural light, and multiple points of egress. It also includes two fully accredited AAAASF operatory rooms, allowing for on-site surgeries under general anesthesia. The lower level, accessible by elevator, is home to a radiology practice and includes a reception and waiting area, several private exam rooms, larger office spaces, and multiple restrooms. The building is located on the corner of Hylan Blvd & Reno Ave. The property is suitable for an owner-user looking to expand or relocate their practice, with the ability to perform surgeries on-site. The flexible layout allows for full building occupancy or the option to utilize one floor while generating passive income from the other. The building size is 7673 square feet.
Key Highlights
- Two fully accredited AAAASF operatory rooms allow for on‑site surgeries under general anesthesia.
- Prime location on the corner of Hylan Blvd & Reno Ave.
- Turn‑key, state‑of‑the‑art medical and office building.
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
$208,621
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
3.48%
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%
$4,172,420
$4.2M
Cap Rate 7%
$2,980,300
$3.0M
Cap Rate 9%
$2,318,011
$2.3M
Market Conditions
NOI Build-Up for 7,673 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
$349.9K $45.60/SF
− Vacancy
−$71.7K −$9.35/SF
EGI
$278.2K $36.25/SF
− OpEx
−$69.5K −$9.06/SF
NOI
$208.6K $27.19/SF
Area
ZIP 10306
Vacancy
20.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$4,172,420
Cap Rate 7%
$2,980,300
Cap Rate 9%
$2,318,011
Alternative Uses
Best Use
Office B
$2.98M
$2.61M – $3.48M
NOI $208,621 @ 7.0% cap · market cap 3.48%
Second Best
Healthcare Medical
$1.89M
$1.65M – $2.20M
NOI $132,147 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,280 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,495
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Banfield Pet Hospital — 2656 Hylan Blvd Ste 240, Staten Island, NY 10306
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- Michael Arpino — 2300 Hylan Blvd, Staten Island, NY 103063208
- Animal Health Group on the Boulevard — 2300 Hylan Blvd, Staten Island, NY 10306
Frequently Asked Questions
What type of property is this?
Medical Office Space - Modern, turn-key medical facility in a prime location.
Where is this medical office space located?
The property is located at 2777 Hylan Blvd Staten Island, NY.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: Two fully accredited AAAASF operatory rooms allow for on‑site surgeries under general anesthesia.; Prime location on the corner of Hylan Blvd & Reno Ave.; Turn‑key, state‑of‑the‑art medical and office building.
