Solar-Equipped
For Sale
$859,000
Pending
108 Fahy Avenue, Staten Island, NY 10314
Residential Income, Staten Island, NY
Property Size2,754 SF
Lot Size0.07 Acres
Days on Market184
Property Features for 108 Fahy Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Driveway, On Street
Patio and Porch features
Patio, Deck
Pool private
1
Interior features
Ceiling Fan(s)
Basement
Finished, Full
Lot features
Back Yard
Subdivision
Graniteville
Standard status
Pending
APN
01632-0104
Size
2,754 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6924
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
above-ground pool
deck
solar panels
Building Details
Year built
1987
Floors in Building
3
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Justyna Wasilewski
(718) 408-0237
Added: Mar 23
Changed: Sep 13
Last Checked: Sep 22 at 2:06AM
MLS# 2601482
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 2,754-square-foot duplex, built in 1987, is configured as two residential units. The larger unit includes 3 bedrooms, currently arranged as a 2-bedroom layout with an oversized suite, along with 1.5 bathrooms, a kitchen with a coffee station, and direct access to a deck through sliding glass doors. The second unit is a renovated 1-bedroom apartment with a living room and modern bathroom.
The property includes solar panels, smart-home upgrades, forced-air natural-gas heating, central air, vinyl siding, and ceiling fans. Outdoor features include a deck, patio, and private above-ground pool. Parking is available in the driveway and on the street, and the property is connected to public sewer service. Located at 108 Fahy Avenue in Staten Island, the residence is near major highways and is zoned R3-1.
The property includes solar panels, smart-home upgrades, forced-air natural-gas heating, central air, vinyl siding, and ceiling fans. Outdoor features include a deck, patio, and private above-ground pool. Parking is available in the driveway and on the street, and the property is connected to public sewer service. Located at 108 Fahy Avenue in Staten Island, the residence is near major highways and is zoned R3-1.
Key Highlights
- 2,754 square feet on 0.0749 acres
- Two‑unit layout with 3 bedrooms in the larger unit and a renovated 1‑bedroom apartment
- Larger unit includes 1.5 bathrooms, oversized suite, coffee station, and deck access
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
$75,115
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
8.74%
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%
$1,502,300
$1.5M
Cap Rate 7%
$1,073,071
$1.1M
Cap Rate 9%
$834,611
$834.6K
Market Conditions
NOI Build-Up for 2,754 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
$112.4K $40.80/SF
− Vacancy
−$5.1K −$1.84/SF
EGI
$107.3K $38.96/SF
− OpEx
−$32.2K −$11.69/SF
NOI
$75.1K $27.27/SF
Area
ZIP 10314
Vacancy
4.50%
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%
$1,502,300
Cap Rate 7%
$1,073,071
Cap Rate 9%
$834,611
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$938.9K – $1.25M
NOI $75,115 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$995.0K
$870.7K – $1.16M
NOI $69,652 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,984 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
Explore this area
Business Placement
Demographics for 10314, NY
92,157
Population
33,554
Households
2.7
Avg Household Size
41
Median Age
37%
College-Educated
89%
High-School Grad
13.0 sq mi
ZIP Area
7,089
Density / Sq Mi
$104,655
Median Household Income
$58,769
Median Earnings
$1,726
Median Rent
$665,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family residence with separate living arrangements, outdoor space, central air, and public sewer service.
Where is this duplex located?
The property is located at 108 Fahy Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: 2,754 square feet on 0.0749 acres; Two‑unit layout with 3 bedrooms in the larger unit and a renovated 1‑bedroom apartment; Larger unit includes 1.5 bathrooms, oversized suite, coffee station, and deck access
