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Property profile & analytics
OFF-MARKET
Estimated value
$6,190,000
Retail space
1941 Frst Ave Staten Island, NY 10303-2103
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0993459
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Total area
17,734 SF
Lot
1.08 ac (47,175 SF)
Zoning code
C8-1
APN
01198-0001
UPID
US63-0993459
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
-
Auto Plus Auto Parts Auto Parts Store
-
Pep Boys Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.01M
CAP Approach
CAP
$5.87M
Comparable Approach
Comparable
$8.60M
Blend (final)
Blend
$6.19M
Owner & transaction history
Monarch Holding Company LLC · 2 yrs held
Monarch Holding Company LLC
since 2023
Last sale
$6.6M
6 recorded transactions
Zoning & alternative use
C8-1 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.2M
+5.6%
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
$5,825,000
ML approach
$6,010,000
CAP Approach
CAP Return
Estimation
6%
$6,360,000
6.5%
$5,870,000
7%
$5,450,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,895,000
Current use
AUTO REPAIR, GARAGE
$6,225,000
Change: +6% · Conversion: Difficult
OFFICE BUILDING
$5,310,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$6.19M
Range $5.57M – $6.81M · ±10% · vs last sale $6.63M (Aug 18 2023)
Last sale anchor
$6.63M
Aug 18 2023
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
$349 / 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
$213,535
Tax year 2024
Assessed value
$2,016,000
Assessed 2024
Previous assessed
$1,963,350
+2.7% YoY
Effective rate
10.59%
On assessed value
Assessed land
$802,800
Assessed improvement
$1,213,200
Land market value
$1,784,000
Improvement market value
$2,861,000
Total market value
$4,645,000
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
1998
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
17,734 SF
Lot
1.08 ac (47,175 SF)
Zoning code
C8-1
APN
01198-0001
UPID
US63-0993459
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C8-1 · Staten Island, NY
Zoning C8-1 · permitted uses
C8-1 · 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
RETAIL STORES Current
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.3M
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1998
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Monarch Holding Company LLC
Entity
Mailing address
1232 HYLAN BLVD, STATEN ISLAND, NY 10305-1921
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
$6,625,000
Monarch Holding Company LLC
Ivri LLC
Deed
$5,300,000 · Toyota Motor Credit Corp
May 30, 2014
—
Ivri LLC
—
Loan Modification
related
$5,254,900 · Bank Of Nj
Aug 12, 2010
$5,775,000
Ivri LLC
Cppb 2 LLC
Grant Deed
$2,850,000 · Bank Of New Jersey
Aug 11, 2008
$5,492,357
Cppb 2 LLC
Wachovia Dev Corp
Grant Deed
$57,957,831 · Citicorp USA Corp
Oct 17, 2003
$4,099,000
Wachovia Development Corp
State Street Bank & Trust Co
Grant Deed
related
—
—
—
Ivri LLC
—
Deed Of Trust
related
$2,605,135 · Bank Of Nj
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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