Three-Unit Multifamily
For Sale
$979,000
217-219 Fisher Avenue, Staten Island, NY 10307
Residential Income, Staten Island, NY
Property Size2,998 SF
Lot Size0.16 Acres
Price / SF$326.55
Days on Market99
Property Features for 217-219 Fisher Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R3X
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 6, Bedroom 4
Parking features
On Street
Patio and Porch features
Patio
Basement
Full, Unfinished
Lot features
Front Yard, Back Yard
Subdivision
Tottenville
Standard status
Active
Size
2,998 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
7072
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Building Details
Year built
1915
Floors in Building
2
Number of units
3
Building materials
Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Francis A Shearon · License #10301218348
(718) 447-8100
Added: Jun 15
Changed: Sep 13
Last Checked: Sep 21 at 8:06PM
MLS# 2603345
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 three-unit multifamily property occupies one tax lot and includes two distinct residential structures. The primary building contains two two-bedroom apartments, including a renovated first-floor unit. A separate two-story residence provides two bedrooms and one-and-a-half baths, along with its own heating system and water heater. The property contains 2,998 square feet on a 0.1572-acre lot and was built in 1915.
Located in Staten Island, the property is positioned one block from a train station and one block from bus service. Additional features include R3X zoning, vinyl siding, public sewer, steam and natural-gas heating, on-street parking, and a patio. The residences are occupied by long-term tenants, with utilities allocated between landlord and tenants according to the individual residence.
Located in Staten Island, the property is positioned one block from a train station and one block from bus service. Additional features include R3X zoning, vinyl siding, public sewer, steam and natural-gas heating, on-street parking, and a patio. The residences are occupied by long-term tenants, with utilities allocated between landlord and tenants according to the individual residence.
Key Highlights
- Three residential units on one tax lot
- 2,998 square feet on a 0.1572‑acre lot
- Separate 2‑story home with 2 bedrooms and 1.5 baths
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
$74,555
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
7.62%
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%
$1,491,100
$1.5M
Cap Rate 7%
$1,065,071
$1.1M
Cap Rate 9%
$828,389
$828.4K
Market Conditions
NOI Build-Up for 2,998 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
$111.5K $37.20/SF
− Vacancy
−$5.0K −$1.67/SF
EGI
$106.5K $35.53/SF
− OpEx
−$32.0K −$10.66/SF
NOI
$74.6K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /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%
$1,491,100
Cap Rate 7%
$1,065,071
Cap Rate 9%
$828,389
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$931.9K – $1.24M
NOI $74,555 @ 7.0% cap · market cap 7.62%
Second Best
Apartment 5plus
$949.8K
$831.1K – $1.11M
NOI $66,484 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,134 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
Explore this area
Business Placement
Demographics for 10307, NY
14,129
Population
5,390
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
90%
High-School Grad
1.6 sq mi
ZIP Area
8,831
Density / Sq Mi
$138,807
Median Household Income
$74,211
Median Earnings
$1,618
Median Rent
$799,100
Median Home Value
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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?
Triplex - Three occupied residences include a renovated two-bedroom apartment and a separate two-story home with private utilities.
Where is this triplex 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 $979,000.
What are key features of this property?
This property features: Three residential units on one tax lot; 2,998 square feet on a 0.1572‑acre lot; Separate 2‑story home with 2 bedrooms and 1.5 baths
