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    42 Hylan Blvd Staten Island, NY 10305
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    42 Hylan Blvd Staten Island, NY 10305

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    • Land
    For Sale
    $475,000
    View Listing →
    Land with Approved Building Plans For Sale
    $475,000
    2,500 SF

    Land with Approved Building Plans

    Land with DOB approvals for a 2500 sq/ft structure.

    42 Hylan Blvd, Staten Island, NY 10305
    View Listing
    Property ID
    US63-1836488
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 42 Hylan Blvd

    Property type
    Land

    Description

    THIS LOT COMES COMPLETE WITH DOB APPROVALS , BUILD TO SUIT . METICULOS PLANS OFFER A 2500SQ/FT STRUCTURE PLUS GROUND LEVEL . LOCATED IN IN A DYNAAMIC AND DIVERSE NEIGHBORHOOD ,CLOSE PROXIMITY TO MAJOR TRANSPORTATION ARTERIES INCLUDING STATEN ISLAND EXPRESSWAY AND VERRAZZANO BRIDGE . INTERSTED PLEASE CALL MELSA SKRAPALLIU 718-568-2256 347-675-3056

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.064875
    Latitude
    40.61444

    Comparable in this City

    • Contact for pricing

      Five Continuous Lots Package

      Five continuous lots totaling 16,320 sqft for sale.
      261 Seaver Ave, Staten Island, NY 10305
      View Details
    • $200,000
      0.08 Acres

      Residential Land Staten Island, NY

      Land for sale with approved detached 1-family plan.
      726 Buel Ave, Staten Island, NY 10305
      View Details
    • $485,000
      Pending

      Staten Island Buildable Lot

      Buildable lot in Rosebank Business District, Staten Island.
      Tompkins Ave, Staten Island, NY 10305
      View Details
    • $6,000,000
      0.34 Acres

      Prime Commercial Development Site

      Development site on Hylan Blvd with C2-1/R3-2 zoning.
      1525 Hylan Blvd, Staten Island, NY 10305
      View Details
    • $659,000
      0.10 Acres

      Staten Island Shovel-Ready Land

      Approved plans for a two-family home on Staten Island.
      603 W Fingerboard Rd, Staten Island, NY 10305
      View Details

    Similar Nearby for Sale

    • $659,000
      0.10 Acres

      Staten Island Shovel-Ready Land

      Approved plans for a two-family home on Staten Island.
      603 W Fingerboard Rd, Staten Island, NY 10305
      View Details
    • $6,000,000
      0.34 Acres

      Prime Commercial Development Site

      Development site on Hylan Blvd with C2-1/R3-2 zoning.
      1525 Hylan Blvd, Staten Island, NY 10305
      View Details
    • $485,000
      Pending

      Staten Island Buildable Lot

      Buildable lot in Rosebank Business District, Staten Island.
      Tompkins Ave, Staten Island, NY 10305
      View Details
    • Contact for pricing

      Five Continuous Lots Package

      Five continuous lots totaling 16,320 sqft for sale.
      261 Seaver Ave, Staten Island, NY 10305
      View Details
    • $200,000
      0.08 Acres

      Residential Land Staten Island, NY

      Land for sale with approved detached 1-family plan.
      726 Buel Ave, Staten Island, NY 10305
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo
      825 SF

      Staten Island Commercial Space Available

      Move-in ready office/retail space in a high-visibility location.
      207 Old Town Rd, Staten Island, NY 10305
      View Details
    • $4,000 /Mo
      800 SF

      Bay Street Storefront Opportunity

      Storefront in Rosebank neighborhood with high visibility and modern elegance.
      1270 Bay Street Lndg, Staten Island, NY 10305
      View Details
    • $2,000 /Mo
      1,200 SF

      Medical Office on Hylan Boulevard

      Turnkey medical office space for rent in Staten Island.
      186 Hylan Blvd, Staten Island, NY 10305
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease.
      17 Hylan Blvd, Staten Island, NY 10305
      View Details
    • $3,200 /Mo
      551 SF

      Staten Island Second-Floor Office Space

      Well-located, cost-effective office space with parking and solar panels.
      1186 Hylan Blvd, Staten Island, NY 10305
      View Details
    View Listing
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    Staten Island, NY 10305
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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