Semi-Detached Duplex with Private
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281 Hillman Ave, Staten Island, NY 10314
Semi-detached 3-bedroom duplex with 1.5 baths, semi-finished basement, and a private two-car driveway.
Property Size1,320 SF
Price / SF$571.97
Days on Market109
Property Features for 281 Hillman Ave
General Information
Standard status
Active
Size
1,320 SF
Total Parking Spaces
2
Property subtype
Multifamily
Amenities
bar
laundry area
granite countertops
dishwasher
recessed lighting
landscaped front yard
paved side yard
paved back yard
Building Details
Year Built
1970
Stories
2
Listing Agency:
EXIT Realty Professionals
Listed By:
Peter Modena · License #NY
Source:
Crexi
Added: May 25
Changed: Sep 4
Last Checked: Sep 9 at 5:25AM
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 EXIT Realty Professionals
Investment Insights
Based on property information with market context.
Semi-detached duplex built in 1970 offering approximately 1,320 square feet of living space. The main level includes a living room, formal dining room, modern kitchen with granite countertops, dishwasher, and dinette, along with a modern half bathroom and recessed lighting. The second floor features a master bedroom, two additional bedrooms, and a full bathroom. The semi-finished basement includes a bar, laundry area, and additional flexible space.
Outside, the property provides a landscaped front yard and nice paved side and back yard. A private driveway with capacity for two cars supports off-street parking. The home is close to highway access, a house of worship, and shopping.
Outside, the property provides a landscaped front yard and nice paved side and back yard. A private driveway with capacity for two cars supports off-street parking. The home is close to highway access, a house of worship, and shopping.
Key Highlights
- Semi‑detached 3‑bedroom duplex with 1.5 baths and 1,320 sq. ft. of living space
- Built in 1970; includes a semi‑finished basement
- Main level features living room, formal dining room, modern kitchen with granite countertops, and a half bathroom
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
$36,003
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
4.77%
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%
$720,060
$720.1K
Cap Rate 7%
$514,329
$514.3K
Cap Rate 9%
$400,033
$400.0K
Market Conditions
NOI Build-Up for 1,320 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
$53.9K $40.80/SF
− Vacancy
−$2.4K −$1.84/SF
EGI
$51.4K $38.96/SF
− OpEx
−$15.4K −$11.69/SF
NOI
$36.0K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$720,060
Cap Rate 7%
$514,329
Cap Rate 9%
$400,033
Alternative Uses
Best Use
Multifamily LT 5
$514.3K
$450.0K – $600.1K
NOI $36,003 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$476.9K
$417.3K – $556.4K
NOI $33,384 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$629.8K
$551.1K – $734.8K
NOI $44,088 @ 7.0% cap · market cap 5.84%
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
990
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached 3-bedroom duplex with 1.5 baths, semi-finished basement, and a private two-car driveway.
Where is this duplex located?
The property is located at 281 Hillman Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $755,000.
What are key features of this property?
This property features: Semi‑detached 3‑bedroom duplex with 1.5 baths and 1,320 sq. ft. of living space; Built in 1970; includes a semi‑finished basement; Main level features living room, formal dining room, modern kitchen with granite countertops, and a half bathroom
