Renovated Two-Family
For Sale
$950,000
Pending
228 Slater Boulevard, Staten Island, NY 10305
A one-bedroom ground-floor apartment sits below the main residence, which has three upstairs bedrooms.
Property Size2,121 SF
Days on Market22
Property Features for 228 Slater Boulevard
General Information
Standard status
Pending
Size
2,121 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R3-1
Units
Unit Mix
1 x 1BR, 1 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,030
Amenities
stainless steel appliances
fireplace
deck
storage area
2
1
true
5
4
Back Yard
3111
24.42 X 112
0.07
Off Street
2121
Building Details
Building Size
2,121 SF
Year Built
1980
Buildings
1
Stories
2
Construction
stocco and stone
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Kristina Gershteyn · License #40BE1131823
(718) 987-7900
Source:
Matiasrealestatenyc
Added: Oct 16
Changed: Nov 5
Last Checked: Nov 5 at 8:55AM
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 Robert DeFalco Realty, Inc.
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Investment Insights
Based on property information with market context.
Configured as a two-family home, the property pairs a main residence with a separate one-bedroom apartment on the ground floor. The upper level contains three bedrooms and a full bathroom. Renovations extend to both the main home and the apartment, and the property includes a one-car garage and storage area.
A deck, backyard access, and a wood-burning stone fireplace add to the home's interior and outdoor features. The property is zoned R3-1 and was built in 1980.
A deck, backyard access, and a wood-burning stone fireplace add to the home's interior and outdoor features. The property is zoned R3-1 and was built in 1980.
Key Highlights
- Two‑family home with a one‑bedroom ground‑floor apartment
- Three bedrooms and a full bathroom upstairs
- Renovated main residence and ground‑floor apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,687
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,740
$1.1M
Cap Rate 7%
$795,529
$795.5K
Cap Rate 9%
$618,744
$618.7K
Market Conditions
NOI Build-Up for 2,121 SF
Gross rent
$86.5K $40.80/SF
− Vacancy
−$7.0K −$3.29/SF
EGI
$79.6K $37.51/SF
− OpEx
−$23.9K −$11.25/SF
NOI
$55.7K $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 Rate 5%
$1,113,740
Cap Rate 7%
$795,529
Cap Rate 9%
$618,744
Alternative Uses
Best Use
Multifamily LT 5
$795.5K
$696.1K – $928.1K
NOI $55,687 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$731.9K
$640.4K – $853.9K
NOI $51,235 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.01M
$885.5K – $1.18M
NOI $70,842 @ 7.0% cap · market cap 7.46%
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
2,015
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A one-bedroom ground-floor apartment sits below the main residence, which has three upstairs bedrooms.
Where is this duplex located?
The property is located at 228 Slater Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑family home with a one‑bedroom ground‑floor apartment; Three bedrooms and a full bathroom upstairs; Renovated main residence and ground‑floor apartment
