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Property profile & analytics
OFF-MARKET
Estimated value
$1,945,000
Retail space
1071 Bay St Staten Island, NY 10305-4905
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US63-6251904
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
10,500 SF
Lot
0.62 ac (27,018 SF)
Zoning code
M2-1
APN
02825-0008
UPID
US63-6251904
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Seabreeze Fish & Seafood Specialty Food Shop Fish Market
-
Ralphs Famous Italian Ices & Ice Cream Grocery & Convenience Store Specialty Food Shop
-
Ralph’s Italian Ices & Ice Cream Grocery & Convenience Store Specialty Food Shop
-
Food Dynasty Supermarkets Specialty Food Shop Supermarket
-
Amazon Locker - Dolapo Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.95M
Owner & transaction history
1071 Bay Street LLC · 18 yrs held
1071 Bay Street LLC
since 2007
7 recorded transactions
Zoning & alternative use
M2-1 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Staten Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Staten Island submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,145,000
Change: -10% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,060,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$1.95M
Range $1.75M – $2.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$185 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$23,165
Tax year 2024
Assessed value
$630,270
Assessed 2024
Previous assessed
$712,350
-11.5% YoY
Effective rate
3.68%
On assessed value
Assessed land
$218,700
Assessed improvement
$411,570
Land market value
$486,000
Improvement market value
$936,000
Total market value
$1,422,000
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
10,500 SF
Lot
0.62 ac (27,018 SF)
Zoning code
M2-1
APN
02825-0008
UPID
US63-6251904
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M2-1 · Staten Island, NY
Zoning M2-1 · permitted uses
M2-1 · Staten Island, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Staten Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$3.1M
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
1071 Bay Street LLC
Entity
Mailing address
4045 AMBOY RD, STATEN ISLAND, NY 10308-2454
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2018
—
1071 Bay Street LLC
—
Deed
related
$2,287,738 · Victory State Bank
Aug 14, 2007
$4,400,000
1071 Bay Street LLC
1071 Bay Street Associates LLC
Grant Deed
$2,522,754 · 1071 Bay Street Associates LLC
Sep 23, 2004
—
1071 Bay St Assocs LLC
Masucci,richard W
Grant Deed
related
—
May 1, 1998
$140,000
Frank L Besser
Masucci,raymond
Grant Deed
—
—
—
1071 Bay Street LLC
—
Deed Of Trust
related
$3,750,000 · Victory State Bank
—
—
1071 Bay Street Associates LLC
—
Deed Of Trust
related
$750,000 · Independence Community Bank
—
—
1071 Bay Street LLC
—
Loan Modification
related
$75,000 · Victory St Bk
—
—
Frank L Besser
—
Deed Of Trust
related
$250,000 · Richmond County Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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