Two-Unit Semi-Attached
79 Downes Avenue Staten Island, NY 10312
For Sale
$789,000
Pending
MULTI_FAMILY - Colonial - Staten Island, NY
Property Size1,320 SF
Lot Size0.07 Acres
Days on Market53
Property Features for 79 Downes Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R3X
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
- Parking features
- Driveway
- Basement
- Finished, Full
- Standard status
- Pending
- Size
- 1,320 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2846
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1984
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Asbestos
- Architectural style
- Colonial
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Barbara Pisano
(718) 987-7900
Added: Jun 4
Changed: Jul 22
Last Checked: Jul 26 at 4:06PM
MLS# 2603142
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 two-family semi-attached home is configured as a main unit and a second unit within a shared property. The main unit requires updating, providing an opportunity for buyers to renovate to their preferences, while the second unit is positioned to generate rental income. The property is being sold as-is.
Located in Staten Island, Richmond County, the address is 79 Downes Avenue, with access to nearby shopping, transportation, schools, and local amenities as described in the listing remarks.
The property consists of a total size of 1,320 square feet on a lot of 0.0689 acres.
Located in Staten Island, Richmond County, the address is 79 Downes Avenue, with access to nearby shopping, transportation, schools, and local amenities as described in the listing remarks.
The property consists of a total size of 1,320 square feet on a lot of 0.0689 acres.
Key Highlights
- 2‑family semi‑attached home with rooms including 4 bedrooms and 3 bathrooms across the layout
- Year built 1984; colonial architectural style
- Main unit requires updating; property is being sold as‑is
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.7k | $38.40 |
| − Vacancy | −$4.1k | −$3.10 |
| EGI | $46.6k | $35.30 |
| − OpEx | −$14.0k | −$10.59 |
| NOI | $32.6k | $24.71 |
1,320 SF · lease $38.40/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$466.0K
$407.7K – $543.6K
NOI $32,618 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$410.0K
$358.7K – $478.3K
NOI $28,697 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$629.8K
$551.1K – $734.8K
NOI $44,088 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family semi-attached residence on a small Staten Island lot, offered as-is with one unit needing updating.
Where is this duplex located?
The property is located at 79 Downes Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 2‑family semi‑attached home with rooms including 4 bedrooms and 3 bathrooms across the layout; Year built 1984; colonial architectural style; Main unit requires updating; property is being sold as‑is
