Duplex with Attached 2-Car
For Sale
$1,699,000
708 Hylan Boulevard, Staten Island, NY 10305
MULTI_FAMILY - Cape Cod - Staten Island, NY
Property Size1,893 SF
Lot Size0.14 Acres
Price / SF$897.52
Days on Market57
Property Features for 708 Hylan Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1
Parking features
Garage, Driveway
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Arrochar
Standard status
Active
APN
3038/65
Size
1,893 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8598
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Cape Cod
Listing Agency:
J Milo Real Estate
(718) 872-9300
Listed By:
Eric Eremita
(718) 872-9300
Added: Jun 29
Changed: Aug 3
Last Checked: Aug 24 at 1:06PM
MLS# 2603652
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 renovated Cape Cod duplex offers a fully renovated 2-bedroom apartment, providing a flexible layout for rental income or multi-generational living. The property includes five bedrooms and two bathrooms, with brick and vinyl siding construction. Heating is hot water with natural gas, and the home has central air.
Set on a 0.1446-acre lot, the property provides driveway parking and an attached oversized 2-car garage. Built in 1960, the duplex is supported by public sewer service. Zoning is R3-2.
With the home’s configuration and attached garage, there may be opportunities for additional finished living area, subject to buyer verification and all necessary approvals. Buyers should confirm square footage, zoning and legal use, permits, certificates of occupancy, and any future development possibilities through their own due diligence.
Set on a 0.1446-acre lot, the property provides driveway parking and an attached oversized 2-car garage. Built in 1960, the duplex is supported by public sewer service. Zoning is R3-2.
With the home’s configuration and attached garage, there may be opportunities for additional finished living area, subject to buyer verification and all necessary approvals. Buyers should confirm square footage, zoning and legal use, permits, certificates of occupancy, and any future development possibilities through their own due diligence.
Key Highlights
- Renovated Cape Cod duplex with a fully renovated 2‑bedroom apartment
- Five bedrooms and two bathrooms
- 0.1446‑acre lot with attached oversized 2‑car garage and driveway parking
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
$49,701
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
2.93%
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%
$994,020
$994.0K
Cap Rate 7%
$710,014
$710.0K
Cap Rate 9%
$552,233
$552.2K
Market Conditions
NOI Build-Up for 1,893 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
$77.2K $40.80/SF
− Vacancy
−$6.2K −$3.29/SF
EGI
$71.0K $37.51/SF
− OpEx
−$21.3K −$11.25/SF
NOI
$49.7K $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%
$994,020
Cap Rate 7%
$710,014
Cap Rate 9%
$552,233
Alternative Uses
Best Use
Multifamily LT 5
$710.0K
$621.3K – $828.4K
NOI $49,701 @ 7.0% cap · market cap 2.93%
Second Best
Apartment 5plus
$653.2K
$571.6K – $762.1K
NOI $45,727 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$903.2K
$790.3K – $1.05M
NOI $63,227 @ 7.0% cap · market cap 3.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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
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 - Renovated Cape Cod duplex in R3-2 zoning with central air and natural gas hot water heat.
Where is this duplex located?
The property is located at 708 Hylan Boulevard Staten Island, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Renovated Cape Cod duplex with a fully renovated 2‑bedroom apartment; Five bedrooms and two bathrooms; 0.1446‑acre lot with attached oversized 2‑car garage and driveway parking
