Detached Duplex With
New
For Sale
$939,000
272 Olympia Boulevard, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size2,468 SF
Lot Size0.27 Acres
Price / SF$380.47
Days on Market6
Property Features for 272 Olympia Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3X
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 4
Parking features
Driveway, Garage, Off Street
Patio and Porch features
Patio
Pool private
1
Exterior features
Balcony
Fencing
Fenced
Basement
Apartment, Full
Lot features
Back Yard
Subdivision
South Beach
Standard status
Active
APN
03418/0010
Size
2,468 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Annual Amount
6005
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Amenities
pool
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Cindy C Cheung · License #40CH0915567
(917) 601-2627
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 22 at 3:06PM
MLS# 2604650
Copyright © 2026 Staten Island Board of Realtors. 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 legal two-family detached Colonial offers 2,468 square feet across two apartments in a raised-ranch configuration. The first-floor residence includes three bedrooms, a full bath, combined living and dining areas, an eat-in kitchen, washer and dryer, and access to the fenced backyard and private pool. The lower apartment provides two bedrooms, a full bath, combined living and dining areas, and a separate side entrance. The lower unit is scheduled to be vacant before closing.
The property occupies a 0.265-acre irregular corner lot measuring 156 x 74 and includes a two-car garage, a two-car driveway, and additional off-street parking. Two-zone heating, public sewer, brick and vinyl siding, a balcony, and a patio are also included. The property is approximately 5 minutes from the VZ Bridge and boardwalk, with shopping and public transportation nearby.
The property occupies a 0.265-acre irregular corner lot measuring 156 x 74 and includes a two-car garage, a two-car driveway, and additional off-street parking. Two-zone heating, public sewer, brick and vinyl siding, a balcony, and a patio are also included. The property is approximately 5 minutes from the VZ Bridge and boardwalk, with shopping and public transportation nearby.
Key Highlights
- Legal 2‑family detached property with 2,468 square feet
- Two apartments configured as 5 over 6, with separate entrances
- 0.265‑acre irregular corner lot measuring 156 x 74
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
Multi-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property with separate apartments, private outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 272 Olympia Boulevard 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: Legal 2‑family detached property with 2,468 square feet; Two apartments configured as 5 over 6, with separate entrances; 0.265‑acre irregular corner lot measuring 156 x 74
