Detached Two-Family
For Sale
Contact for pricing
228 Sand Lane, Staten Island, NY 10305
Two residences feature eat-in kitchens, combined living and dining areas, a full unfinished basement, and a backyard.
Property Size1,050 SF
Price / SF$665.71
Days on Market59
Property Features for 228 Sand Lane
General Information
Standard status
Active
Size
1,050 SF
Property subtype
Multifamily
Zoning
R3-1
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1931
Buildings
1
Stories
3
Units
2
Listing Agency:
The Agency NYC Real Estate
Listed By:
Daniel Hall · License #10301217030
(917) 886-5459
Source:
Crexi
Added: Aug 23
Changed: Oct 4
Last Checked: Oct 19 at 6:41AM
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 The Agency NYC Real Estate
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Investment Insights
Based on property information with market context.
Located at 228 Sand Lane in Staten Island’s South Beach area, this detached duplex contains two residences arranged with two bedrooms over two bedrooms. Each level includes an eat-in kitchen and a combined living and dining area, while the property also provides a full unfinished basement and backyard.
The home was built in 1931 and is zoned R3-1. Shopping and transportation are located nearby. Tenant access is managed by appointment, with showings scheduled in advance.
The home was built in 1931 and is zoned R3-1. Shopping and transportation are located nearby. Tenant access is managed by appointment, with showings scheduled in advance.
Key Highlights
- Two‑family detached home with a two‑bedroom‑over‑two‑bedroom layout
- Eat‑in kitchens on both residential levels
- Living and dining areas included in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,568
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,360
$551.4K
Cap Rate 7%
$393,829
$393.8K
Cap Rate 9%
$306,311
$306.3K
Market Conditions
NOI Build-Up for 1,050 SF
Gross rent
$42.8K $40.80/SF
− Vacancy
−$3.5K −$3.29/SF
EGI
$39.4K $37.51/SF
− OpEx
−$11.8K −$11.25/SF
NOI
$27.6K $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 Rate 5%
$551,360
Cap Rate 7%
$393,829
Cap Rate 9%
$306,311
Alternative Uses
Best Use
Multifamily LT 5
$393.8K
$344.6K – $459.5K
NOI $27,568 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$362.3K
$317.1K – $422.7K
NOI $25,364 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$501.0K
$438.4K – $584.5K
NOI $35,070 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
661
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature eat-in kitchens, combined living and dining areas, a full unfinished basement, and a backyard.
Where is this duplex located?
The property is located at 228 Sand Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑family detached home with a two‑bedroom‑over‑two‑bedroom layout; Eat‑in kitchens on both residential levels; Living and dining areas included in each residence
