Prime Hylan Boulevard Office
For Sale
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2691 Hylan Boulevard, Staten Island, NY 10306
Class A office building with high visibility on Hylan Blvd.
Property Size7,688 SF
Price / SF$386.17
Days on Market170
Property Features for 2691 Hylan Boulevard
General Information
Standard status
Active
Size
7,688 SF
Class
A
Total Parking Spaces
3
Property subtype
Land
Zoning
R3-1
Investment Type
Owner/User
Building Details
Year Built
1965
Buildings
1
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
United National Realty
(718) 979-8000
Listed By:
Michael Dukhovny · License #NY
Source:
Crexi
Added: Mar 5
Changed: Aug 21
Last Checked: Aug 21 at 10:35AM
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 United National Realty
Investment Insights
Based on property information with market context.
Located on Hylan Boulevard in the New Dorp section of Staten Island, this Class A office building offers high visibility and exposure. The property is situated near major retail shopping centers, including the newly developed Hylan Plaza. The building is suitable for an investor or a user and is capable of producing a high cap rate. The property has a size of 7688 square feet. There is an opportunity to purchase an additional adjoining land lot for expansion or use as a parking lot.
Key Highlights
- Prime Hylan Blvd location in New Dorp, Staten Island.
- Class A office building with high visibility and exposure.
- High cap rate, ideal for investors or users.
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
$209,029
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
7.04%
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%
$4,180,580
$4.2M
Cap Rate 7%
$2,986,129
$3.0M
Cap Rate 9%
$2,322,544
$2.3M
Market Conditions
NOI Build-Up for 7,688 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
$350.6K $45.60/SF
− Vacancy
−$71.9K −$9.35/SF
EGI
$278.7K $36.25/SF
− OpEx
−$69.7K −$9.06/SF
NOI
$209.0K $27.19/SF
Area
ZIP 10306
Vacancy
20.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$4,180,580
Cap Rate 7%
$2,986,129
Cap Rate 9%
$2,322,544
Alternative Uses
Best Use
Office B
$2.99M
$2.61M – $3.48M
NOI $209,029 @ 7.0% cap · market cap 7.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,781 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,799
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Class A office building with high visibility on Hylan Blvd.
Where is this office building located?
The property is located at 2691 Hylan Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $2,968,848.
What are key features of this property?
This property features: Prime Hylan Blvd location in New Dorp, Staten Island.; Class A office building with high visibility and exposure.; High cap rate, ideal for investors or users.
