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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Super regional malls
1351 Frst Ave, Staten Island, NY 10302-2049
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US63-2217920
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1981
Total area
108,283 SF
Lot
9.8 ac (426,801 SF)
Zoning code
C4-1
APN
01052-0001
UPID
US63-2217920
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
-
Eric Anderson Physician
-
Kimberly Fanelli Pharmacy
-
Rebecca Pickell Pharmacy
-
Joseph Huszcza Pharmacy
-
Jeanette Depeppo Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Forest Mall LLC · 22 yrs held
Forest Mall LLC
since 2003
5 recorded transactions
Zoning & alternative use
C4-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$11 / 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
$753,505
Tax year 2024
Assessed value
$7,113,910
Assessed 2024
Previous assessed
$6,999,740
+1.6% YoY
Effective rate
10.59%
On assessed value
Assessed land
$4,033,260
Assessed improvement
$3,080,650
Land market value
$8,536,000
Improvement market value
$8,177,000
Total market value
$16,713,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1981
Heating
NONE
Buildings
2
Stories
1
Units
17
Total area
108,283 SF
Lot
9.8 ac (426,801 SF)
Zoning code
C4-1
APN
01052-0001
UPID
US63-2217920
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-1 · Staten Island, NY
Zoning C4-1 · permitted uses
C4-1 · 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.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Stories
1
Buildings
2
Units
17
Lot
9.8 ac
Current owner
From public records · entity-resolved
Forest Mall LLC
Entity
Mailing address
100 DUTCH HL RD STE #340, ORANGEBURG, NY 10962-2198
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
—
Forest Mall LLC
—
Deed
related
$1,843,543 · New York Community Bank
Apr 4, 2012
—
A & P Real Property LLC
—
Deed Of Trust
related
$198,410,000 · J P Morgan Chase Bank
May 20, 2008
—
Pathmark Stores INC
—
Deed Of Trust
related
$545,000,000 · Bank Of America
Dec 12, 2003
—
Forest Mall LLC
Forest Mall Associates
Quit Claim Deed
related
—
—
—
Forest Mall LLC
—
Deed Of Trust
related
$11,607,880 · Sovereign 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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