Staten Island Office
For Sale
$2,968,848
2691 Hylan Blvd, Staten Island, NY 10306
Commercial Sale, Staten Island, NY
Property Size7,688 SF
Lot Size0.21 Acres
Price / SF$386.17
Days on Market210
Property Features for 2691 Hylan Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
New Dorp
Standard status
Active
APN
04247-0006
Size
7,688 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
44208
Utilities
Heating system
Forced Air, Natural Gas
Building Details
Year built
1965
Floors in Building
2
Listing Agency:
UNITED NATIONAL REALTY GROUP INC
(718) 979-8000
Listed By:
Michael Dukhovny · License #1758598
(917) 417-2990
Added: Mar 5
Changed: Oct 1
Last Checked: Oct 1 at 5:06PM
MLS# 11667437
Copyright © 2026 My State MLS. 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.
This office property at 2691 Hylan Blvd contains 7,688 square feet on a 0.2117-acre lot. Built in 1965, the building has natural gas and forced-air heating.
The property is across from retail shopping centers, including Hylan Plaza, in Staten Island. An adjoining land lot may also be included in a sale for potential expansion or parking, subject to architectural review.
The property is across from retail shopping centers, including Hylan Plaza, in Staten Island. An adjoining land lot may also be included in a sale for potential expansion or parking, subject to architectural review.
Key Highlights
- 7,688‑square‑foot office building on a 0.2117‑acre lot
- Built in 1965
- Natural gas and forced‑air heating
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
Healthcare Medical
$1.89M
$1.66M – $2.21M
NOI $132,406 @ 7.0% cap · market cap 4.46%
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - The building offers natural gas and forced-air heating near Hylan Plaza and other retail shopping centers.
Where is this office building located?
The property is located at 2691 Hylan Blvd 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: 7,688‑square‑foot office building on a 0.2117‑acre lot; Built in 1965; Natural gas and forced‑air heating
