Corner-Lot Duplex with
For Sale
$939,000
272 Olympia Blvd, Staten Island, NY 10305
Two-level layout includes a separate occupied apartment and three-bedroom main residence.
Property Size2,468 SF
Price / SF$380.47
Days on Market43
Property Features for 272 Olympia Blvd
General Information
Standard status
Active
Size
2,468 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
require some updates
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
above-ground pool
terrace
fully fenced
Building Details
Year Built
1930
Tenancy
Single
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 447-2626
Listed By:
Cindy C Cheung · License #40LI0944229
Source:
Statenislandhomelistings
Added: Jul 19
Changed: Aug 29
Last Checked: Aug 25 at 7:55AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This 2,468-square-foot duplex, built in 1930, combines a three-bedroom main residence with a currently occupied two-bedroom apartment on the lower level. The primary living area includes a formal dining room, high ceilings, a terrace-connected kitchen, four-piece bathroom, generous closet space, hot water heating, and fresh paint. Multiple driveways, a two-car garage, two distinct backyard areas, maintenance-free yard, above-ground pool, and full fencing add practical utility and separation.
The property occupies an irregular corner lot at 272 Olympia Blvd in Staten Island. It is located minutes from the Verrazzano Bridge, the Atlantic Ocean, the boardwalk, and a major MTA hub. The home requires updates, offering a defined modernization component within a duplex configuration that includes an occupied apartment.
The property occupies an irregular corner lot at 272 Olympia Blvd in Staten Island. It is located minutes from the Verrazzano Bridge, the Atlantic Ocean, the boardwalk, and a major MTA hub. The home requires updates, offering a defined modernization component within a duplex configuration that includes an occupied apartment.
Key Highlights
- 2,468‑square‑foot duplex on an irregular corner lot
- Three‑bedroom main residence plus currently occupied two‑bedroom apartment
- Multiple driveways and a two‑car garage
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
$64,798
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
6.90%
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%
$1,295,960
$1.3M
Cap Rate 7%
$925,686
$925.7K
Cap Rate 9%
$719,978
$720.0K
Market Conditions
NOI Build-Up for 2,468 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
$100.7K $40.80/SF
− Vacancy
−$8.1K −$3.29/SF
EGI
$92.6K $37.51/SF
− OpEx
−$27.8K −$11.25/SF
NOI
$64.8K $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%
$1,295,960
Cap Rate 7%
$925,686
Cap Rate 9%
$719,978
Alternative Uses
Best Use
Multifamily LT 5
$925.7K
$810.0K – $1.08M
NOI $64,798 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$851.7K
$745.2K – $993.6K
NOI $59,617 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,432 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,949
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?
Duplex - Two-level layout includes a separate occupied apartment and three-bedroom main residence.
Where is this duplex located?
The property is located at 272 Olympia Blvd Staten Island, NY.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: 2,468‑square‑foot duplex on an irregular corner lot; Three‑bedroom main residence plus currently occupied two‑bedroom apartment; Multiple driveways and a two‑car garage
