Renovated Two-Family
For Sale
$1,595,000
708 Hylan Boulevard, Staten Island, NY 10305
Residential Income, Staten Island, NY
Property Size2,553 SF
Lot Size0.14 Acres
Price / SF$624.76
Days on Market121
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 2, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
Parking features
Driveway, Garage
Basement
Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Arrochar
Standard status
Active
APN
3038/65
Size
2,553 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
8598
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Amenities
fireplace
patio
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Building materials
Brick, Vinyl Siding
Architectural style
Cape Cod
Buildings
1
Listing Agency:
J Milo Real Estate
Listed By:
Eric Eremita
(718) 872-9300
Added: Jun 29
Changed: Oct 27
Last Checked: Oct 27 at 5:06PM
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.
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Investment Insights
Based on property information with market context.
This legal two-family duplex in Staten Island offers 2,553 square feet of above-grade living space, plus a finished 1,157-square-foot lower level identified as a cellar under NYC building code. The primary residence includes updated kitchen and bath finishes, multiple bedrooms, formal living and dining areas, a brick fireplace, travertine flooring, and recessed lighting. The second apartment also has a renovated kitchen, marble bathroom, bedrooms, and living space. The lower level has a separate exterior entrance, recreation room, flex room, and boiler/laundry area, with plumbing rough-ins in place.
The property includes a brand-new roof, updated electrical and plumbing, central air, natural gas hot-water heat, a patio, and rear yard. An oversized 469-square-foot attached two-car garage provides direct interior access. The 6,300-square-foot lot is zoned R3-2. Located at 708 Hylan Boulevard in the Grasmere area, the property is 3 minutes from the Verrazzano Bridge and offers access to the Staten Island Expressway, shopping, dining, and transportation.
The property includes a brand-new roof, updated electrical and plumbing, central air, natural gas hot-water heat, a patio, and rear yard. An oversized 469-square-foot attached two-car garage provides direct interior access. The 6,300-square-foot lot is zoned R3-2. Located at 708 Hylan Boulevard in the Grasmere area, the property is 3 minutes from the Verrazzano Bridge and offers access to the Staten Island Expressway, shopping, dining, and transportation.
Key Highlights
- Legal two‑family duplex with 2,553 SqFt of above‑grade living space
- Finished 1,157 SqFt lower level with separate exterior entrance and plumbing rough‑ins
- Oversized 469 SqFt attached two‑car garage with direct interior access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,030
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
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
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 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.
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with updated interiors, a finished lower level, attached garage, and R3-2 zoning.
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 $1,595,000.
What are key features of this property?
This property features: Legal two‑family duplex with 2,553 SqFt of above‑grade living space; Finished 1,157 SqFt lower level with separate exterior entrance and plumbing rough‑ins; Oversized 469 SqFt attached two‑car garage with direct interior access
