Renovated Two-Unit
For Sale
$1,199,888
219 Bishop, Staten Island, NY 10306
Residential Income, Staten Island, NY
Property Size3,156 SF
Price / SF$380.19
Days on Market11
Property Features for 219 Bishop
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 1
Subdivision
Richmond
Standard status
Active
Size
3,156 SF
Utilities
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Vinyl Siding
Roof type
Asphalt
Listing Agency:
YOUR HOME SOLD GUARANTEED REALTY ADVISOR LLC
Listed By:
Hal Blake
(718) 608-4892
Added: Sep 11
Changed: Sep 16
Last Checked: Sep 21 at 7:06PM
MLS# 11975030
Copyright © 2026 My State MLS. 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 semi-attached duplex contains two separate living units with a combined 3,156 square feet. The property includes four bedrooms and four full bathrooms, with tile and hardwood flooring across the residence. Interior finishes and exterior elements have been renovated, while the 1980 construction remains part of the property’s physical profile. A private garage and additional parking are included.
The home is located at 219 Bishop in Staten Island, NY 10306. Building systems include natural-gas forced-air heating, public water service, vinyl siding, and an asphalt roof. The two-unit configuration supports separate household arrangements within one property, subject to applicable requirements.
The home is located at 219 Bishop in Staten Island, NY 10306. Building systems include natural-gas forced-air heating, public water service, vinyl siding, and an asphalt roof. The two-unit configuration supports separate household arrangements within one property, subject to applicable requirements.
Key Highlights
- Two separate living units in a semi‑attached duplex
- 3,156 square feet with 4 bedrooms and 4 full bathrooms
- Renovated interior finishes and updated exterior elements
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
$80,167
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
6.68%
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%
$1,603,340
$1.6M
Cap Rate 7%
$1,145,243
$1.1M
Cap Rate 9%
$890,744
$890.7K
Market Conditions
NOI Build-Up for 3,156 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
$121.2K $38.40/SF
− Vacancy
−$6.7K −$2.11/SF
EGI
$114.5K $36.29/SF
− OpEx
−$34.4K −$10.89/SF
NOI
$80.2K $25.40/SF
Area
ZIP 10306
Vacancy
5.50%
Lease Rate
$38.40 /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%
$1,603,340
Cap Rate 7%
$1,145,243
Cap Rate 9%
$890,744
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,167 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$1.02M
$890.5K – $1.19M
NOI $71,237 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,411 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached property offers four bedrooms, four full bathrooms, a private garage, and additional parking.
Where is this duplex located?
The property is located at 219 Bishop Staten Island, NY.
What is the asking price?
The asking price for this property is $1,199,888.
What are key features of this property?
This property features: Two separate living units in a semi‑attached duplex; 3,156 square feet with 4 bedrooms and 4 full bathrooms; Renovated interior finishes and updated exterior elements
