Two-Family Duplex with Finished
For Sale
$850,000
Pending
233 Fisher Ave, Staten Island, NY 10307
Finished basement and large yard add usable space to this two-family residential property.
Property Size1,600 SF
Days on Market345
Property Features for 233 Fisher Ave
General Information
Standard status
Pending
Size
1,600 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
finished basement
large yard
Building Details
Year Built
1915
Listing Agency:
R. Della Realty Corp.
Listed By:
Richard Delli Paoli · License #31DE0001221
(718) 948-4440
Source:
Statenislandhomelistings
Added: Oct 1, 2025
Changed: Sep 2
Last Checked: Sep 9 at 11:52AM
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 R. Della Realty Corp.
Investment Insights
Based on property information with market context.
Built in 1915, this two-family duplex offers 1,600 square feet of building area, a finished basement, and a large yard. The property is configured as 5/5 plus, providing two residential layouts within the building.
Located at 233 Fisher Ave in Staten Island, the property is close to shopping and transportation. The combination of two-family configuration, basement space, and outdoor area gives the property a practical residential-income profile.
Located at 233 Fisher Ave in Staten Island, the property is close to shopping and transportation. The combination of two-family configuration, basement space, and outdoor area gives the property a practical residential-income profile.
Key Highlights
- Two‑family duplex configured as 5/5 plus
- 1,600 square feet of building area
- Finished basement
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
$39,789
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
4.68%
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%
$795,780
$795.8K
Cap Rate 7%
$568,414
$568.4K
Cap Rate 9%
$442,100
$442.1K
Market Conditions
NOI Build-Up for 1,600 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
$59.5K $37.20/SF
− Vacancy
−$2.7K −$1.67/SF
EGI
$56.8K $35.53/SF
− OpEx
−$17.1K −$10.66/SF
NOI
$39.8K $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%
$795,780
Cap Rate 7%
$568,414
Cap Rate 9%
$442,100
Alternative Uses
Best Use
Multifamily LT 5
$568.4K
$497.4K – $663.2K
NOI $39,789 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$506.9K
$443.5K – $591.4K
NOI $35,482 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$763.4K
$668.0K – $890.7K
NOI $53,440 @ 7.0% cap · market cap 6.29%
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
840
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
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 - Finished basement and large yard add usable space to this two-family residential property.
Where is this duplex located?
The property is located at 233 Fisher Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑family duplex configured as 5/5 plus; 1,600 square feet of building area; Finished basement
