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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Warehouses
172 Lynhurst Ave, Staten Island, NY 10305-1831
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US63-5656607
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1965
Total area
17,647 SF
Lot
0.5 ac (21,850 SF)
Zoning code
M3-1
APN
02844-0015
UPID
US63-5656607
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
-
Verrazano Wholesale & Distribution Distribution Center Logistics Company
-
Rambo Furniture Store Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.26M
Owner & transaction history
172 Lynhurst Avenue LLC · 16 yrs held
172 Lynhurst Avenue LLC
since 2010
7 recorded transactions
Zoning & alternative use
M3-1 · 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
WAREHOUSE, STORAGE
$3,315,000
Current use
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±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
$128 / 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
$58,407
Tax year 2024
Assessed value
$551,430
Assessed 2024
Previous assessed
$536,040
+2.9% YoY
Effective rate
10.59%
On assessed value
Assessed land
$196,650
Assessed improvement
$354,780
Land market value
$437,000
Improvement market value
$959,000
Total market value
$1,396,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
1
Stories
2
Units
3
Total area
17,647 SF
Lot
0.5 ac (21,850 SF)
Zoning code
M3-1
APN
02844-0015
UPID
US63-5656607
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M3-1 · Staten Island, NY
Zoning M3-1 · permitted uses
M3-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$3.3M
WAREHOUSE, STORAGE Current
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
1965
Heating
NONE
Stories
2
Buildings
1
Units
3
Lot
0.5 ac
Current owner
From public records · entity-resolved
172 Lynhurst Avenue LLC
Entity
Mailing address
172 LYNHURST AVE, STATEN ISLAND, NY 10305-1831
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2020
—
172 Lynhurst Avenue LLC
—
Deed
related
$1,018,228 · Popular Bk
Jul 27, 2018
—
172 Lynhurst Avenue LLC
—
Deed
related
$744,036 · Popular Bank
Dec 5, 2016
—
172 Lynhurst Avenue LLC
—
Deed
related
$525,000 · Newtek Small Busn Fin
May 10, 2010
$1,500,000
172 Lynhurst Avenue LLC
Lynhurst Realty LLC
Grant Deed
$900,000 · Lynhurst Fndg LLC
Mar 11, 2005
$1,975,000
Lynhurst Realty LLC
Nicolella,mario
Grant Deed
$1,480,000 · Mario Nicolella
—
—
172 Lynhurst Avenue LLC
—
Deed Of Trust
related
$123,943 · Hsbc Bank USA
—
—
172 Lynhurst Avenue LLC
—
Deed Of Trust
related
$900,000 · Hsbc Bank USA
—
—
172 Lynhurst Avenue LLC
—
Deed Of Trust
related
$525,000 · Newtek Small Busn Fin
—
—
172 Lynhurst Avenue LLC
—
Loan Modification
related
$2,500,000 · Popular Bk
—
—
172 Lynhurst Avenue LLC
—
Deed Of Trust
related
$1,018,228 · Popular Bk
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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