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Residential Income Property with Updated Kitchen
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2f-22 Hope Ave, Staten Island, NY 10305

A 1,350-square-foot rental unit includes an open living area and in-unit laundry.

Property Size1,350 SF
Price / SF$2.52
Days on Market28

Property Features for 2f-22 Hope Ave

General Information

Standard status Active
Size 1,350 SF
Property subtype Residential Income

Amenities

washer
dryer
dishwasher
Listing Agency: Fang Fang Realty Inc
Listed By: Xiujin (Cici) Li
Source: Exprealty
Added: Sep 30 Changed: Oct 25 Last Checked: Oct 26 at 10:10PM

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 Fang Fang Realty Inc

Rey
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Investment Insights

Based on property information with market context.

This 1,350-square-foot residential rental unit has an open-concept living area, an updated kitchen, and a separate bedroom area. An in-unit washer and dryer, along with a dishwasher, are included.

The property is at 2f-22 Hope Ave in Staten Island, NY. The address differs from the one stated in the remarks, so the conflicting address detail is omitted.

Key Highlights

  • 1,350 square feet of residential rental space
  • Open‑concept living area
  • Updated kitchen

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$32,611
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,220 $652.2K
Cap Rate 7%
$465,871 $465.9K
Cap Rate 9%
$362,344 $362.3K
Market Conditions
NOI Build-Up for 1,350 SF
Gross rent
$64.8K $48.00/SF
− Vacancy
−$5.5K −$4.08/SF
EGI
$59.3K $43.92/SF
− OpEx
−$26.7K −$19.76/SF
NOI
$32.6K $24.16/SF
Area
ZIP 10305
Vacancy
8.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$652,220
Cap Rate 7%
$465,871
Cap Rate 9%
$362,344

Alternative Uses

Best Use
Apartment 5plus
$465.9K
$407.6K – $543.5K (±1% cap)
NOI $32,611 @ 7.0% cap · market cap 959.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$644.1K
$563.6K – $751.5K (±1% cap)
NOI $45,090 @ 7.0% cap · market cap 1,326.18%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

771
Businesses Nearby

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

Frequently Asked Questions

What type of property is this?
Residential income property - A 1,350-square-foot rental unit includes an open living area and in-unit laundry.
Where is this residential income property located?
The property is located at 2f-22 Hope Ave Staten Island, NY.
What are key features of this property?
This property features: 1,350 square feet of residential rental space; Open‑concept living area; Updated kitchen
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Includes: Price & PSF · Cap rate · Location · Zoning

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