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    1368 Clove Rd Staten Island, NY 10301
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    Property profile & analytics

    1368 Clove Rd Staten Island, NY 10301

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    • Land
    • 5,148 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Dominick J. Ligresti, MD / Physician / Medical Clinic
    • Janis R. D'Angelo, DPM, FACFAS / Physician
    • Vincenza Mineo / Physician
    • Janis D Angelo / Physician
    • John Terranella / Physician

    Property Details for 1368 Clove Rd

    Property size
    5,148 SF
    Property type
    Land
    Property subtype
    Apartment buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1017
    Latitude
    40.6139

    Comparable in this City

    • Value Estimation
      $13,205,000
      75,414 SF

      60 Hamilton Ave

      APARTMENT HOUSE (5+ UNITS) • 75,414 SF
      60 Hamilton Ave, Staten Island, NY 10301-1840
      View Details
    • Value Estimation
      $725,000
      4,336 SF

      327 Fillmore St

      APARTMENT HOUSE (5+ UNITS) • 4,336 SF
      327 Fillmore St, Staten Island, NY 10301-1183
      View Details
    • Value Estimation by Request
      3,000 SF

      141 Bismark Ave

      APARTMENT HOUSE (5+ UNITS) • 3,000 SF
      141 Bismark Ave, Staten Island, NY 10301-2309
      View Details
    • Value Estimation
      $13,665,000
      77,628 SF

      71 Clinton Ave

      APARTMENT HOUSE (5+ UNITS) • 77,628 SF
      71 Clinton Ave, Staten Island, NY 10301
      View Details
    • Value Estimation
      $14,935,000
      107,960 SF

      937 Victory Blvd

      APARTMENT HOUSE (5+ UNITS) • 107,960 SF
      937 Victory Blvd, Staten Island, NY 10301-3704
      View Details
    • Value Estimation
      $715,000
      3,600 SF

      62 Wall St

      APARTMENT HOUSE (5+ UNITS) • 3,600 SF
      62 Wall St, Staten Island, NY 10301-1874
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,260 SF

      Staten Island Multifamily Investment Property

      Multifamily property near ferry with investment potential.
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      View Details
    • $1,975,000
      Pending

      Staten Island Multifamily Investment Opportunity

      Well-maintained 6-unit building in prime Silver Lake location.
      58-62 University Pl, Staten Island, NY 10301
      View Details
    • $3,300,000
      1,732 SF

      Staten Island Mixed-Use Investment

      Mixed-use building with income potential in Staten Island's North Shore.
      65 St. Pauls Ave, Staten Island, NY 10301
      View Details

    Similar Nearby for Lease

    • New
      $3,000 /Mo
      3,920 SF

      Vacant Land For Lease

      Versatile land ideal for outdoor or vehicle storage.
      79 Stanley Ave, Staten Island, NY 10301
      View Details
    • Contact for pricing
      5,000 SF

      Empire Outlets Retail Sublease

      Turnkey retail space in Empire Outlets near Staten Island Ferry.
      15-55 Richmond Ter, Staten Island, NY 10301
      View Details
    • Contact for pricing
      25,000 SF

      Class A Office Space Available

      New office space with Manhattan skyline and harbor views.
      35 A Bay St, Staten Island, NY 10301
      View Details
    • $30 SF/Yr

      Staten Island Office Space Available

      Office space for rent near St. George Ferry Terminal.
      Bay St, Staten Island, NY 10301
      View Details
    • $35 SF/Yr

      Office Space for Rent

      Office space available for rent at 25 Hyatt St.
      25 Hyatt St, Staten Island, NY 10301
      View Details
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    1368 Clove Rd
    Staten Island, NY 10301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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