Spacious Two-Family Home Near
For Sale
Contact for pricing
Pending
233 Eylandt Street, Staten Island, NY 10312
Two-family home with 4 bedrooms, 2 baths, near Blue Heron Park.
Property Size2,050 SF
Days on Market116
Property Features for 233 Eylandt Street
General Information
Standard status
Pending
Size
2,050 SF
Property subtype
Multifamily
Zoning
R3X
Building Details
Year Built
1984
Stories
2
Units
2
Listing Agency:
Homes R US Realty Of NY Inc
Listed By:
Gennady (Gary) Papirov · License #NY
(917) 856-2012
Source:
Crexi
Added: May 12
Changed: Aug 8
Last Checked: Jul 24 at 6:40AM
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 Homes R US Realty Of NY Inc
Investment Insights
Based on property information with market context.
This two-family home is located on a block surrounded by greenbelt in Southeast Annadale. The property features 4 bedrooms, 2 bathrooms, and a built-in garage. The home includes cathedral ceilings and an open-concept layout with oversized windows that provide natural light. The eat-in kitchen flows into the main living areas. A private backyard retreat is located across the street from the trails of Blue Heron Park. The property is located in one of Southeast Annadale's neighborhoods and is close to public transportation, schools, parks, beaches, restaurants, and shopping. The property size is 2050 square feet.
Key Highlights
- Prime location in Southeast Annadale, surrounded by greenbelt and across the street from Blue Heron Park trails.
- Spacious 2‑family home with 4 bedrooms and 2 bathrooms, ideal for multi‑generational living or rental income.
- Open‑concept layout with cathedral ceilings and oversized windows providing abundant natural light.**
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
$50,657
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
5.07%
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%
$1,013,140
$1.0M
Cap Rate 7%
$723,671
$723.7K
Cap Rate 9%
$562,856
$562.9K
Market Conditions
NOI Build-Up for 2,050 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
$78.7K $38.40/SF
− Vacancy
−$6.4K −$3.10/SF
EGI
$72.4K $35.30/SF
− OpEx
−$21.7K −$10.59/SF
NOI
$50.7K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /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%
$1,013,140
Cap Rate 7%
$723,671
Cap Rate 9%
$562,856
Alternative Uses
Best Use
Multifamily LT 5
$723.7K
$633.2K – $844.3K
NOI $50,657 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$636.7K
$557.1K – $742.8K
NOI $44,568 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$978.1K
$855.9K – $1.14M
NOI $68,470 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with 4 bedrooms, 2 baths, near Blue Heron Park.
Where is this duplex located?
The property is located at 233 Eylandt Street Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime location in Southeast Annadale, surrounded by greenbelt and across the street from Blue Heron Park trails.; Spacious 2‑family home with 4 bedrooms and 2 bathrooms, ideal for multi‑generational living or rental income.; Open‑concept layout with cathedral ceilings and oversized windows providing abundant natural light.**
