Two-Family Home with Solar
For Sale
Contact for pricing
Pending
108 Fahy Avenue, Staten Island, NY 10314
Smart two-family residence with two units, deck access from the first unit, and an above-ground pool.
Property Size2,754 SF
Days on Market161
Property Features for 108 Fahy Avenue
General Information
Standard status
Pending
Size
2,754 SF
Property subtype
Multifamily
Zoning
R3-1
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1987
Stories
3
Units
2
Tenancy
Multi
Listing Agency:
Real Broker NY LLC
Listed By:
Justyna Wasilewski · License #NY
Source:
Crexi
Added: Mar 27
Changed: Aug 7
Last Checked: Jul 24 at 5:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker NY LLC
Investment Insights
Based on property information with market context.
Beautifully maintained smart two-family home with flexible living arrangements and modern updates. The first unit offers a spacious layout with 3 bedrooms (currently configured as a 2-bedroom with an oversized suite), 1.5 bathrooms, and a coffee station. The kitchen opens to sliding glass doors leading to a deck, creating indoor-outdoor living. The property also features an above-ground pool for summer relaxation.
The second unit is a fully renovated 1-bedroom apartment with a bright and inviting living room and a modern bathroom. Solar panels are included, adding energy-efficient features to the overall setup.
Located in Staten Island near major highways, the home is positioned for convenient commuting while maintaining separate, self-contained living spaces suited to rental income, extended family, or guest accommodations.
The second unit is a fully renovated 1-bedroom apartment with a bright and inviting living room and a modern bathroom. Solar panels are included, adding energy-efficient features to the overall setup.
Located in Staten Island near major highways, the home is positioned for convenient commuting while maintaining separate, self-contained living spaces suited to rental income, extended family, or guest accommodations.
Key Highlights
- Two‑family home built in 1987 with a smart home setup and energy‑efficient solar panels
- First unit: 2–3 bedroom flexible layout with 1.5 bathrooms and a coffee station
- First unit includes sliding glass doors to a deck for indoor‑outdoor living
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
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Smart two-family residence with two units, deck access from the first unit, and an above-ground pool.
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: Two‑family home built in 1987 with a smart home setup and energy‑efficient solar panels; First unit: 2–3 bedroom flexible layout with 1.5 bathrooms and a coffee station; First unit includes sliding glass doors to a deck for indoor‑outdoor living
