Detached Two-Unit Colonial
For Sale
$725,000
232 Hylan Boulevard, Staten Island, NY 10305
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size1,460 SF
Lot Size0.06 Acres
Price / SF$496.58
Days on Market150
Property Features for 232 Hylan Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Off Street, Driveway
Basement
Full, Unfinished
Lot features
Front Yard, Back Yard
Subdivision
Rosebank
Standard status
Active
Size
1,460 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
4238
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1910
Floors in Building
2
Building materials
Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Yan Xing · License #10401301559
(718) 987-7900
Added: Mar 19
Changed: Aug 2
Last Checked: Aug 15 at 12:06PM
MLS# 2601422
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.
232 Hylan Boulevard presents a detached two-unit Colonial duplex on R3-2 zoning, with vinyl siding and public sewer service. The property sits on a 0.0574-acre lot and is described with a 1,460-square-foot building size. Built in 1910, the home uses hot water heating with natural gas.
Renovated and upgraded in 2025, the layout supports two separate living spaces. The main unit offers two bedrooms and one full bathroom, along with a full basement that is unfinished. The second unit is a one-bedroom, one-bath apartment. There is also a huge backyard storage area for outdoor gear, tools, bikes, and seasonal items.
Parking is provided via off-street space and a driveway. This is a versatile configuration that can support extended family living or two separate income streams within one detached property.
Renovated and upgraded in 2025, the layout supports two separate living spaces. The main unit offers two bedrooms and one full bathroom, along with a full basement that is unfinished. The second unit is a one-bedroom, one-bath apartment. There is also a huge backyard storage area for outdoor gear, tools, bikes, and seasonal items.
Parking is provided via off-street space and a driveway. This is a versatile configuration that can support extended family living or two separate income streams within one detached property.
Key Highlights
- Freshly renovated and upgraded in 2025
- Detached two‑unit Colonial duplex with vinyl siding and public sewer
- Two‑bedroom main unit plus unfinished full basement
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
$38,333
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
5.29%
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%
$766,660
$766.7K
Cap Rate 7%
$547,614
$547.6K
Cap Rate 9%
$425,922
$425.9K
Market Conditions
NOI Build-Up for 1,460 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
$59.6K $40.80/SF
− Vacancy
−$4.8K −$3.29/SF
EGI
$54.8K $37.51/SF
− OpEx
−$16.4K −$11.25/SF
NOI
$38.3K $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%
$766,660
Cap Rate 7%
$547,614
Cap Rate 9%
$425,922
Alternative Uses
Best Use
Multifamily LT 5
$547.6K
$479.2K – $638.9K
NOI $38,333 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$503.8K
$440.9K – $587.8K
NOI $35,268 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$696.6K
$609.6K – $812.7K
NOI $48,764 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
866
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 - Detached two-unit Colonial duplex on R3-2 zoning with off-street parking and public sewer service.
Where is this duplex located?
The property is located at 232 Hylan Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Freshly renovated and upgraded in 2025; Detached two‑unit Colonial duplex with vinyl siding and public sewer; Two‑bedroom main unit plus unfinished full basement
