Duplex with Separate
For Sale
$1,118,000
5775 Hylan Boulevard, Staten Island, NY 10309
R3X-zoned residence offers flexible layouts, central air, and parking near schools, parks, retail, dining, and transportation.
Property Size2,200 SF
Price / SF$508.18
Days on Market171
Property Features for 5775 Hylan Boulevard
General Information
Standard status
Active
Size
2,200 SF
Property subtype
MultiFamily
Zoning
R3X
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,629
Amenities
central air
Eat In, Yard/Deck Access
Ceiling Fan(s)
Full Bath
Natural Gas
Hot Water
Formal
4.00
2
Central Air
Brick, Vinyl Siding
Building Details
Year Built
2001
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Huan Kuei Lo · License #10401313713
(347) 335-7946
Source:
Compass
Added: Mar 17
Changed: Sep 2
Last Checked: Sep 2 at 12:15AM
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 Homes R Us Realty of NY, Inc.
Investment Insights
Based on property information with market context.
This 2,200-square-foot duplex, built in 2001, is configured as a two-family residence with three bedrooms and four bathrooms. The primary unit includes an open-concept arrangement for cooking, dining, and living, along with a private primary bedroom suite and full bath. A distinct studio unit adds a separate living area within the property. Central air, gas service, hot water, and a combination of brick and vinyl siding are also included.
The property is located at 5775 Hylan Boulevard in Staten Island’s Princess Bay neighborhood. Schools, parks, shopping, restaurants, and transportation are identified nearby, while on-site parking supports everyday residential use. R3X zoning and the two-unit configuration provide the core framework for evaluating the property.
The property is located at 5775 Hylan Boulevard in Staten Island’s Princess Bay neighborhood. Schools, parks, shopping, restaurants, and transportation are identified nearby, while on-site parking supports everyday residential use. R3X zoning and the two-unit configuration provide the core framework for evaluating the property.
Key Highlights
- 2,200‑square‑foot two‑family property at 5775 Hylan Boulevard
- Three bedrooms and four bathrooms
- Separate studio unit
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
$54,710
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
4.89%
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%
$1,094,200
$1.1M
Cap Rate 7%
$781,571
$781.6K
Cap Rate 9%
$607,889
$607.9K
Market Conditions
NOI Build-Up for 2,200 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
$81.8K $37.20/SF
− Vacancy
−$3.7K −$1.67/SF
EGI
$78.2K $35.53/SF
− OpEx
−$23.4K −$10.66/SF
NOI
$54.7K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,094,200
Cap Rate 7%
$781,571
Cap Rate 9%
$607,889
Alternative Uses
Best Use
Multifamily LT 5
$781.6K
$683.9K – $911.8K
NOI $54,710 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$697.0K
$609.8K – $813.1K
NOI $48,787 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.05M
$918.5K – $1.22M
NOI $73,480 @ 7.0% cap · market cap 6.57%
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
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R3X-zoned residence offers flexible layouts, central air, and parking near schools, parks, retail, dining, and transportation.
Where is this duplex located?
The property is located at 5775 Hylan Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $1,118,000.
What are key features of this property?
This property features: 2,200‑square‑foot two‑family property at 5775 Hylan Boulevard; Three bedrooms and four bathrooms; Separate studio unit
