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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
1573 Richmond Rd Staten Island, NY 10304-2313
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-1572600
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1960
Total area
1,458 SF
Lot
0.09 ac (4,080 SF)
Zoning code
R1-2
APN
00870-0026
UPID
US63-1572600
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
-
Joanne Costa Realty Real Estate Agency
-
Leff & Bell CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$377k
Blend (final)
Blend
$600k
Owner & transaction history
Richmond Road Properties LLC · 2 yrs held
Richmond Road Properties LLC
since 2024
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
R1-2 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$510,000
+17.3%
Retail stores
$485,000
+11.1%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$435,000
Current use
AUTO REPAIR, GARAGE
$510,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$485,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Jan 31 2024)
Last sale anchor
$600k
Jan 31 2024
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
$412 / 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
$8,103
Tax year 2024
Assessed value
$77,850
Assessed 2024
Previous assessed
$79,740
-2.4% YoY
Effective rate
10.41%
On assessed value
Assessed land
$36,900
Assessed improvement
$40,950
Land market value
$82,000
Improvement market value
$88,000
Total market value
$170,000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
1
Stories
1
Units
2
Total area
1,458 SF
Lot
0.09 ac (4,080 SF)
Zoning code
R1-2
APN
00870-0026
UPID
US63-1572600
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R1-2 · Staten Island, NY
Zoning R1-2 · permitted uses
R1-2 · 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 Current
Est. value
$435,000
AUTO REPAIR, GARAGE
Est. value
$510,000
RETAIL STORES
Est. value
$485,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1960
Heating
NONE
Stories
1
Buildings
1
Units
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Richmond Road Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1571 RICHMOND RD, STATEN ISLAND, NY 10304-2313
Ownership since
2024
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
Jan 31, 2024
$600,000
Richmond Road Properties LLC
1571 Richmond Road LLC
Bargain And Sale Deed
—
Nov 9, 2021
$350,000
1571 Richmond Road LLC
Richmond Road Realty INC
Bargain And Sale Deed
—
Jun 28, 2012
—
Frazzeta Carol Family Trust
Frazzetta,carol
Quit Claim Deed
related
—
Oct 31, 2011
—
Frazzeta Carol Family Trust
Frazzeta,carol
Quit Claim Deed
related
—
Nov 6, 1997
—
Richmonmd Road Realty INC
Leff,paul A
Grant Deed
related
—
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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