Staten Island Multifamily Investment
217-219 Fisher Avenue, Staten Island, NY 10307
MULTI_FAMILY - Staten Island, NY
Property size:
2,998 SFLot size:
0.16 Acres- Added:
- Jun 26, 2025
- Days on Market:
- 325
- Last Refresh:
- May 16 at 4:06 pm
Property Features for 217-219 Fisher Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3X
- Bedrooms
- 6
- Bathrooms
- 7
- Rooms
- Bedroom 6, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bathroom 7, Bedroom 4, Bathroom 8, Bedroom 5, Bathroom 6
- Parking features
- On Street
- Patio and Porch features
- Patio
- Basement
- Full, Unfinished
- Standard status
- Pending
- APN
- 08042-0045
- Size
- 2,998 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7072
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1915
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Vinyl Siding
Listing agent Francis A Shearon (718) 987-7900
Listing office Robert DeFalco Realty, Inc. 1678 Hylan Blvd., STATEN ISLAND, NY (718) 987-7900
Listing date Jun 26, 2025
MLS# 2503726
Listing URL
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.
HighLights
- Three units on one tax lot offer immediate rental income and investment diversification.
- Excellent location: just one block from train and bus, reducing reliance on a car.
- Two‑story, 2‑bed, 1.5‑bath house (217 Fisher) offers separate living and rental potential.
- Stable, long‑term tenants with no issues ensure consistent rental income.
- Rental upside: 217 Fisher is currently rented below market value, offering immediate income growth potential.
- Tenants pay for most utilities, minimizing landlord expenses.
Overview
This property features three units situated on a single tax lot. 219 Fisher Avenue includes a two-family dwelling. The first-floor unit, a renovated two-bedroom apartment, is rented for $2750. The second-floor two-bedroom unit is rented for $2050. The landlord is responsible for gas heating, while tenants cover their electric and cooking gas expenses. 217 Fisher Avenue is a separate two-story home with two bedrooms and one and a half bathrooms, currently rented below market value at $1590. This unit has its own heating system and water heater, with all utilities paid by the tenant. There is potential for rental increases. The property is located one block from the train station in one direction and one block from bus service in another. All tenants are long-term, cooperative, and maintain their apartments well. The property is situated on a lot of 0.16 acres and the property size is 2998 square feet. The property is zoned R3X.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$828.4K
NOI $74,555 @ 9.00% cap · cautious / downside scenario
Moderate
$1.07M
NOI $74,555 @ 7.00% cap · market / base-case scenario
Aggressive
$1.49M
NOI $74,555 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.5k | $37.20 |
| − Vacancy | −$5.0k | −$1.67 |
| EGI | $106.5k | $35.53 |
| − OpEx | −$32.0k | −$10.66 |
| NOI | $74.6k | $24.87 |
2,998 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.07M
$931.9K – $1.24M
NOI $74,555 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$949.8K
$831.1K – $1.11M
NOI $66,484 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,134 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.241744
- Latitude
- 40.513035
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Three-unit property near transportation with long-term tenants and rental upside.
Where is this apartment building located?
The property is located at 217-219 Fisher Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $949,999.
What are key features of this property?
This property features: Three units on one tax lot offer immediate rental income and investment diversification.; Excellent location: just one block from train and bus, reducing reliance on a car.; Two‑story, 2‑bed, 1.5‑bath house (217 Fisher) offers separate living and rental potential.
