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Two-Family Residential Income Opportunity
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347 Cromwell Avenue, Staten Island, NY 10305

Existing two-unit home with strong signage and visibility, plus potential for expansion near Staten Island University Hospital.

Property Size1,050 SF
Days on Market81

Property Features for 347 Cromwell Avenue

General Information

Standard status Active
Size 1,050 SF
Property subtype Retail, Office
Zoning R3-2, R3-1, C1-1
Investment Type Redevelopment

Additional Details

Multifamily Units 2
Listing Agency: Helmsley Spear of Long Island
Listed By: David Sargoy · License #NY
Source: Crexi
Added: Jun 5 Changed: Aug 23 Last Checked: Aug 22 at 7:31PM

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 Helmsley Spear of Long Island

Investment Insights

Based on property information with market context.

The property features an existing two-family home configured as a residential income asset. The current size is listed at 1,050 square feet, and the listing notes the ability to build up to 6,705 square feet, providing an option to expand beyond the current structure.

The home is located just off Hylan Boulevard, offering convenient access to the surrounding area and minutes to Staten Island University Hospital North Campus. The listing also highlights excellent signage and visibility, which can be beneficial for marketing and street-level presence.

For buyers looking for an income-oriented residential property, this offers a starting point with an existing two-unit layout. For those planning redevelopment or an expansion, the stated build potential may support a future plan while maintaining a relationship to the existing on-site improvements. This is a straightforward, locally oriented offering with practical considerations for both occupancy and construction planning.

Key Highlights

  • Existing two‑family (two‑unit) home
  • Potential to build up to 6,705 square feet
  • Located just off Hylan Boulevard

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Garden Center Hotel & Motel (Bike/Boat/Book/etc) Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,572
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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Existing two-unit home with strong signage and visibility, plus potential for expansion near Staten Island University Hospital.
Where is this duplex located?
The property is located at 347 Cromwell Avenue Staten Island, NY.
What are key features of this property?
This property features: Existing two‑family (two‑unit) home; Potential to build up to 6,705 square feet; Located just off Hylan Boulevard
(516) 203-8134 Call to check price and availability
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