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    171 Broad St, Unit 1b Staten Island, NY 10304
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    Property profile & analytics

    171 Broad St, Unit 1b, Staten Island, NY 10304

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    • Investment properties
    • 6,400 SF
    • 0.07 lot acres
    For Lease
    $9 SF/Yr
    View Listing →
    Prime Retail Space on Broad For Lease
    $9 SF/Yr
    1,000 SF

    Prime Retail Space on Broad

    Ground-floor retail spaces with high visibility and foot traffic.

    171 Broad Street 1b, Staten Island, NY 10304
    View Listing
    Property ID
    US63-3551511
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kings In The Cut Barber Shop / Barber Shop
    • Mountain of Fire and Miracles Mnistries / Church / Mosque
    • KyM Barbershop / Hair Salon / Nail Salon
    • MR. WRIGHT CLEANING SERVICES / Hardware & Home Improvement
    • New way convenience store formerly Diamond Deli / Grocery & Convenience Store

    Property Details for 171 Broad St

    Year built
    1850
    Lot size
    0.07 lot acres
    Zone code
    R3-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00541-0001
    APU
    5410001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 25, 2026 $950,000 Ecsillc Jain Assets LLC Bargain & Sale Deed —
    Oct 3, 2016 — Jain Assets LLC Referee Of Richmond County|jain,ashok Trustees Deed —
    Jun 27, 2007 — H & P At Broad LLC Henry Olisa Bargain And Sale Deed —
    Oct 4, 2006 — H & P At Broad LLC Olisa,henry Grant Deed —
    Jun 29, 2004 $450,000 Henry Olisa Philips,mike & Alma Grant Deed $400k · Mike & Alma Philips
    Aug 6, 1996 $140,000 Church In Jesus Christ Victory Philips,mike & Alma Grant Deed $130k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,569,000
      Market price range: $989k - $1.93M
      AI Estimate
      $875,000
      Market price range: $462k - $1.24M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,525,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,370,000
      Change: -10% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.0806
    Latitude
    40.6245
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $27,939
    $124,543
    $98,932
    $223,475
    -
    $355,000
    $282,000
    $637,000

    Comparable in this City

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      4,995 SF

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      104 Canal St

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      7,267 SF

      538 Bay St

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      1571 Richmond Rd

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      1571 Richmond Rd, Staten Island, NY 10304-2313
      View Details
    • Value Estimation
      $845,000
      5,772 SF

      1892 Clove Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1892 Clove Rd, Staten Island, NY 10304-1632
      View Details

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      3,375 SF

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      Mixed-use property featuring 3,375 square feet of space.
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      View Details
    • $1,100,000
      Pending

      Staten Island Mixed-Use Property

      Mixed-use property with retail and residential units in Staten Island.
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      5,959 SF

      Mixed-Use Building on Clove Road

      Versatile mixed-use building with office spaces and apartments.
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      Established Laundromat Business For Sale

      Turnkey laundromat business in prime location with strong ROI.
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      10,400 SF

      Staten Island Landmark Retail Property

      Retail property in a Qualified Opportunity Zone, built in 1924.
      81 Water St, Staten Island, NY 10304
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    • $1,150,000

      Two-Family Home with Pool

      Two-family home featuring a pool, carport, and convenient location.
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    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space on Broad

      Ground-floor retail spaces with high visibility and foot traffic.
      171 Broad St, Staten Island, NY 10304
      View Details
    • Contact for pricing

      Stapleton Office Space For Rent

      Recently renovated office space in Stapleton, Staten Island.
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      Fully Equipped Restaurant Ready

      Turnkey restaurant with full kitchen, dining, and parking.
      2071 Clove Rd, Staten Island, NY 10304
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      Grasmere Retail and Office Spaces

      Retail, medical, and office spaces for rent in Staten Island.
      2071 Clove Rd, Staten Island, NY 10304
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      5,000 SF

      Downtown Staten Island Warehouse Space

      5,000 sq ft warehouse with office and rolling doors.
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      Stapleton Retail Space For Rent

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      100 Canal St, Staten Island, NY 10304
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    View Listing
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    Staten Island, NY 10304
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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.

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