Two-Family Residential Income
480 Butler Boulevard Staten Island, NY 10309
For Sale
Contact for pricing
Well-appointed two-family home with a grand foyer and high-end finishes throughout, in Staten Island’s Richmond Valley area.
Property Size7,500 SF
Price / SF$399
Days on Market121
Property Features for 480 Butler Boulevard
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2024
Listing Agency:
Century 21 Standard Real Estate
Listed By:
Herman Herrera · License #10491202518
Source:
Crexi
Added: Mar 27
Changed: Jul 21
Last Checked: Jul 24 at 5:55PM
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 Century 21 Standard Real Estate
Investment Insights
Based on property information with market context.
This two-family residential income property offers an upscale interior highlighted by a grand foyer, sun-drenched living spaces, and high-end finishes with custom craftsmanship throughout. The layout is designed for comfortable separate living within a single building.
Located in the Richmond Valley section of Staten Island, the home is described as being moments from the beach, shopping, restaurants, schools, and houses of worship. Address: 480 Butler Boulevard, Staten Island, NY 10309.
Located in the Richmond Valley section of Staten Island, the home is described as being moments from the beach, shopping, restaurants, schools, and houses of worship. Address: 480 Butler Boulevard, Staten Island, NY 10309.
Key Highlights
- Year built: 2024
- Two‑family home in Staten Island’s Richmond Valley area
- Grand foyer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $279.0k | $37.20 |
| − Vacancy | −$12.6k | −$1.67 |
| EGI | $266.4k | $35.53 |
| − OpEx | −$79.9k | −$10.66 |
| NOI | $186.5k | $24.87 |
7,500 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.66M
$2.33M – $3.11M
NOI $186,512 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$2.38M
$2.08M – $2.77M
NOI $166,320 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$3.58M
$3.13M – $4.18M
NOI $250,502 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-appointed two-family home with a grand foyer and high-end finishes throughout, in Staten Island’s Richmond Valley area.
Where is this duplex located?
The property is located at 480 Butler Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Year built: 2024; Two‑family home in Staten Island’s Richmond Valley area; Grand foyer
