Detached Duplex With Two
For Sale
$658,000
Pending
566 Hunter Avenue, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size1,182 SF
Lot Size0.07 Acres
Days on Market144
Property Features for 566 Hunter Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 3
Parking features
Off Street
Lot features
Front Yard, Back Yard
Subdivision
Midland Beach
Standard status
Pending
APN
3797-27
Size
1,182 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
1871
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Building Details
Year built
1945
Floors in Building
1
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Homes R Us Realty of NY, Inc.
(718) 668-2550
Listed By:
Kin Wa Lam · License #10401301649
(646) 481-6444
Added: Apr 13
Changed: Aug 28
Last Checked: Sep 3 at 1:06PM
MLS# 2601929
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 duplex property comprises two fully detached residences, each with its own address and private entry. The home at 566 Hunter Avenue contains two bedrooms, one bathroom, a dining area, and a kitchen. The residence at 979 Olympia Boulevard adds one bedroom, one bathroom, a dining area, and a kitchen. Together, the buildings provide 1,182 square feet on a 0.0689-acre lot.
Built in 1945, the property has vinyl siding, forced-air heating powered by natural gas, public sewer service, and off-street parking. R3-1 zoning is in place. The beach and boardwalk are within a short walk, while nearby bus lines, supermarkets, restaurants, cafes, and other daily services support the surrounding residential setting.
Built in 1945, the property has vinyl siding, forced-air heating powered by natural gas, public sewer service, and off-street parking. R3-1 zoning is in place. The beach and boardwalk are within a short walk, while nearby bus lines, supermarkets, restaurants, cafes, and other daily services support the surrounding residential setting.
Key Highlights
- Two detached residences at 566 Hunter Avenue and 979 Olympia Boulevard
- 1,182 square feet on a 0.0689‑acre lot
- Two‑bedroom and one‑bedroom layouts, each with 1 bath
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
$30,025
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
4.56%
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%
$600,500
$600.5K
Cap Rate 7%
$428,929
$428.9K
Cap Rate 9%
$333,611
$333.6K
Market Conditions
NOI Build-Up for 1,182 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
$45.4K $38.40/SF
− Vacancy
−$2.5K −$2.11/SF
EGI
$42.9K $36.29/SF
− OpEx
−$12.9K −$10.89/SF
NOI
$30.0K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /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%
$600,500
Cap Rate 7%
$428,929
Cap Rate 9%
$333,611
Alternative Uses
Best Use
Multifamily LT 5
$428.9K
$375.3K – $500.4K
NOI $30,025 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$381.1K
$333.5K – $444.7K
NOI $26,680 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$564.0K
$493.5K – $658.0K
NOI $39,479 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate kitchens and dining areas support independent household layouts.
Where is this duplex located?
The property is located at 566 Hunter Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $658,000.
What are key features of this property?
This property features: Two detached residences at 566 Hunter Avenue and 979 Olympia Boulevard; 1,182 square feet on a 0.0689‑acre lot; Two‑bedroom and one‑bedroom layouts, each with 1 bath
