Two-Family Home with Attached
New
For Sale
$1,595,000
708 Hylan Blvd, Staten Island, NY 10305
Two residences combine updated kitchens and baths with a finished lower level and direct garage access.
Property Size2,553 SF
Lot Size0.14 Acres
Days on Market4
Property Features for 708 Hylan Blvd
General Information
Standard status
Active
Size
2,553 SF
Total Parking Spaces
2
Lot size
0.14 Acres
Property subtype
Multi Family
Zoning
R3-2
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,598
Building Details
Building Size
2,553 SF
Year Built
1960
Buildings
1
Stories
1
Construction
Brick and frame detached
Listing Agency:
J.Milo Real Estate,Ltd.
Listed By:
Jenine Milo · License #10301120597
(718) 872-9300
Source:
Elliman
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 11:50AM
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 J.Milo Real Estate,Ltd.
Investment Insights
Based on property information with market context.
Built in 1960, this detached brick-and-frame duplex contains 2,553 square feet of above-grade living area, plus a finished 1,157-square-foot lower level, per a certified appraisal. The owner's residence includes formal living and dining rooms, a brick fireplace, spacious bedrooms, and a renovated kitchen and marble bath. The second-floor apartment has its own updated kitchen, full bath, bedrooms, and living area. Both units feature travertine flooring and recessed lighting. The lower level has a separate exterior entrance, recreation room, boiler and laundry area, and plumbing rough-ins. An oversized attached two-car garage provides interior access.
The property occupies a 6,300-square-foot lot on Hylan Boulevard in Staten Island, minutes from the Verrazzano Bridge and with access to the Staten Island Expressway. Shopping, dining, and transportation are nearby. Zoning is R3-2.
The property occupies a 6,300-square-foot lot on Hylan Boulevard in Staten Island, minutes from the Verrazzano Bridge and with access to the Staten Island Expressway. Shopping, dining, and transportation are nearby. Zoning is R3-2.
Key Highlights
- 2,553 square feet of above‑grade living area, plus a 1,157‑square‑foot finished lower level, per certified appraisal
- Two residences with updated kitchens and marble baths
- 6,300‑square‑foot lot with R3‑2 zoning
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
$67,030
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
4.20%
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%
$1,340,600
$1.3M
Cap Rate 7%
$957,571
$957.6K
Cap Rate 9%
$744,778
$744.8K
Market Conditions
NOI Build-Up for 2,553 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
$104.2K $40.80/SF
− Vacancy
−$8.4K −$3.29/SF
EGI
$95.8K $37.51/SF
− OpEx
−$28.7K −$11.25/SF
NOI
$67.0K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /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%
$1,340,600
Cap Rate 7%
$957,571
Cap Rate 9%
$744,778
Alternative Uses
Best Use
Multifamily LT 5
$957.6K
$837.9K – $1.12M
NOI $67,030 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$881.0K
$770.9K – $1.03M
NOI $61,670 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,271 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences combine updated kitchens and baths with a finished lower level and direct garage access.
Where is this duplex located?
The property is located at 708 Hylan Blvd Staten Island, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 2,553 square feet of above‑grade living area, plus a 1,157‑square‑foot finished lower level, per certified appraisal; Two residences with updated kitchens and marble baths; 6,300‑square‑foot lot with R3‑2 zoning
