Rosebank Staten Island
For Sale
Contact for pricing
234 Hylan Boulevard, Staten Island, NY 10305
Legal three-family house generating rental income in convenient location.
Property Size1,432 SF
Price / SF$680.87
Days on Market107
Property Features for 234 Hylan Boulevard
General Information
Standard status
Active
Size
1,432 SF
Property subtype
Multifamily
Zoning
R3-2
Building Details
Year Built
1910
Stories
3
Units
3
Listing Agency:
Leader Properties Inc
(917) 586-3142
Listed By:
Christopher Burdzy · License #NY 31BU1064996
Source:
Crexi
Added: May 10
Changed: Aug 8
Last Checked: Aug 8 at 7:26AM
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 Leader Properties Inc
Investment Insights
Based on property information with market context.
This is a legal three-family detached house located in Rosebank, Staten Island. The property generates rental income and is situated in a convenient location near the Verrazzano Bridge, with public transportation available right outside. The first level features a 2-bedroom walk-in apartment, the second level contains a 2-bedroom apartment with access to the backyard, and the third level includes a 3-bedroom apartment. The property is being sold as-is and with existing tenants who receive rent subsidies via vouchers. Tenants are responsible for their own heat and hot water. The property size is 1432 square feet. The owner's expenses include property tax, water bill, and insurance.
Key Highlights
- Legal 3‑family detached house generating rental income.
- Projected 9.0 CAP rate.
- Good rental income from three apartments: $2,484/mo, $2,800/mo, and $2,800/mo.
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
$37,597
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
3.86%
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%
$751,940
$751.9K
Cap Rate 7%
$537,100
$537.1K
Cap Rate 9%
$417,744
$417.7K
Market Conditions
NOI Build-Up for 1,432 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
$58.4K $40.80/SF
− Vacancy
−$4.7K −$3.29/SF
EGI
$53.7K $37.51/SF
− OpEx
−$16.1K −$11.25/SF
NOI
$37.6K $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 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%
$751,940
Cap Rate 7%
$537,100
Cap Rate 9%
$417,744
Alternative Uses
Best Use
Multifamily LT 5
$537.1K
$470.0K – $626.6K
NOI $37,597 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$494.2K
$432.4K – $576.5K
NOI $34,591 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$683.3K
$597.9K – $797.2K
NOI $47,829 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family house generating rental income in convenient location.
Where is this triplex located?
The property is located at 234 Hylan Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Legal 3‑family detached house generating rental income.; Projected **9.0 CAP rate**.; Good rental income from three apartments: $2,484/mo, $2,800/mo, and $2,800/mo.
