Detached Two-Family
For Sale
$968,000
256 Eltingville Blvd, Staten Island, NY 10312
Legal detached duplex with updated kitchen, finished lower level, deck, and separate studio apartment.
Property Size1,750 SF
Price / SF$553.14
Days on Market39
Property Features for 256 Eltingville Blvd
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Multi-Family
Building Details
Year Built
2003
Listing Agency:
Ashford Homes LLC
Listed By:
William Lin · License #10401344943
(929) 364-1301
Source:
Statenislandhomelistings
Added: Jul 28
Changed: Sep 2
Last Checked: Sep 4 at 7:34AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
Built in 2003, this legally recognized detached duplex includes a primary residence and a separate rear studio apartment. The main home features an entry foyer, living room, formal dining room, and an updated kitchen with tile finishes, granite countertops, and stainless-steel appliances. Sliding doors connect the kitchen area to a Trex deck and BBQ space. The upper level contains a primary bedroom with walk-in closet, two additional bedrooms, and a full bathroom with dual entry. A finished lower level provides laundry, storage, and utility areas.
The property is located at 256 Eltingville Blvd in Staten Island, within the Eltingville neighborhood. Shopping, restaurants, parks, schools, and public transportation are identified nearby. The separate studio can support guest, extended-family, or additional residential use as described in the property information.
The property is located at 256 Eltingville Blvd in Staten Island, within the Eltingville neighborhood. Shopping, restaurants, parks, schools, and public transportation are identified nearby. The separate studio can support guest, extended-family, or additional residential use as described in the property information.
Key Highlights
- Legal, fully detached two‑family property
- Built in 2003
- Separate rear studio apartment
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
$43,244
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
4.47%
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%
$864,880
$864.9K
Cap Rate 7%
$617,771
$617.8K
Cap Rate 9%
$480,489
$480.5K
Market Conditions
NOI Build-Up for 1,750 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
$67.2K $38.40/SF
− Vacancy
−$5.4K −$3.10/SF
EGI
$61.8K $35.30/SF
− OpEx
−$18.5K −$10.59/SF
NOI
$43.2K $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%
$864,880
Cap Rate 7%
$617,771
Cap Rate 9%
$480,489
Alternative Uses
Best Use
Multifamily LT 5
$617.8K
$540.6K – $720.7K
NOI $43,244 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$543.5K
$475.6K – $634.1K
NOI $38,046 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$835.0K
$730.6K – $974.2K
NOI $58,450 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
898
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 - Legal detached duplex with updated kitchen, finished lower level, deck, and separate studio apartment.
Where is this duplex located?
The property is located at 256 Eltingville Blvd Staten Island, NY.
What is the asking price?
The asking price for this property is $968,000.
What are key features of this property?
This property features: Legal, fully detached two‑family property; Built in 2003; Separate rear studio apartment
