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    Property profile & analytics

    217 Main St Staten Island, NY 10307

    • Retail residential properties
    • 21,472 SF
    • 0.64 lot acres
    For Lease
    View listing
    Last Sale
    Feb 14, 2025
    $1,940,000
    Value Estimations
    $1,970,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5491105
    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.

    Current Use by Public Records

    • Remi Studio / Photography Studio / Photographer

    Property Details for 217 Main St

    Year built
    1931
    Lot size
    0.64 lot acres
    Property size
    21,472 SF
    Zone code
    R3A
    Property type
    Retail residential properties
    APN
    08047-0035
    APU
    80470035

    Description

    This exceptional 20,280-square-foot retail property at 217 Main St is a brand-new, single-tenant building constructed in 2024. The building features a unique steel structure and boasts high-quality construction. The property sits on a 21,840-square-foot lot and includes 25 parking spaces. Currently, the entire 20,280 square feet is vacant and available for lease. However, the building also offers a flexible layout with three separate commercial spaces totaling 8,400 square feet already subdivided. These spaces are individually sized at 1,100, 700, and 6,600 square feet, offering various options for potential tenants. The property is zoned C2-1, allowing for a wide range of uses, including retail, medical, and academic centers. In addition to the commercial space, the building also includes 11 luxury residential rental apartments. The property is eligible for the Commercial Abatement Program (ICAP), offering potential tax benefits. This prime location presents a unique opportunity for a variety of businesses seeking a modern, high-quality space in a desirable area. The APN is 08047-0035.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,985,000
      ML approach
      $2,020,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,669,000
      Market price range: $1.67M - $3.18M

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.2471
    Latitude
    40.51
    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
    $56,501
    $207,948
    $243,990
    $451,938
    -
    $514,000
    $1,571,000
    $2,085,000

    Comparable in this City

    • Value Estimation
      $880,000
      3,920 SF

      7324 Amboy Rd

      STORES & APARTMENTS • 3,920 SF
      7324 Amboy Rd, Staten Island, NY 10307-1401
      View Details
    • Value Estimation by Request
      2,440 SF

      249 Main St

      STORE/OFFICE (MIXED USE) • 2,440 SF
      249 Main St, Staten Island, NY 10307-1228
      View Details
    • Value Estimation
      $560,000
      2,088 SF

      7420 Amboy Rd

      STORES & APARTMENTS • 2,088 SF
      7420 Amboy Rd, Staten Island, NY 10307-1421
      View Details
    • Value Estimation
      $2,205,000
      12,825 SF

      241 Main St, Unit 10

      STORES & APARTMENTS • 12,825 SF
      241 Main St, Staten Island, NY 10307-1243
      View Details
    • Value Estimation
      $1,710,000
      12,000 SF

      239 Main St, Unit 10

      STORES & APARTMENTS • 12,000 SF
      239 Main St, Staten Island, NY 10307-1241
      View Details
    • Value Estimation
      $685,000
      3,000 SF

      7319 Amboy Rd

      STORE/OFFICE (MIXED USE) • 3,000 SF
      7319 Amboy Rd, Staten Island, NY 10307-1425
      View Details

    Similar Nearby for Sale

    • $950,000
      3,480 SF

      Mixed-Use Building, Staten Island

      Mixed-use property with commercial and residential units, parking available.
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    • $1,800,000
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      Staten Island Mixed-Use Storefront

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    • $949,999
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      Staten Island Multifamily Investment Opportunity

      Three-unit property near transportation with long-term tenants and rental upside.
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      Spacious Two-Family Colonial Home

      Large Staten Island two-family home with pool and great potential.
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      Custom-built two-family colonial in Tottenville with resort-style yard.
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    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Retail Space in Tottenville Square

      Retail space available in a busy Staten Island shopping center.
      7001 Amboy Rd, Staten Island, NY 10307
      View Details
    • $45 SF/Yr
      1,110 SF

      Main St Retail Spaces Available

      Staten Island retail spaces, high visibility
      217 Main St, Staten Island, NY 10307
      View Details
    • Contact for pricing

      Staten Island Warehouse Space

      Warehouse space available for rent in Staten Island, New York.
      1 Nassau Pl, Staten Island, NY 10307
      View Details
    • Contact for pricing
      20,280 SF

      Main Street Retail Opportunity

      20,280 SF Retail Space, New Construction
      217 Main St, Staten Island, NY 10307
      View Details
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    217 Main St
    Staten Island, NY 10307
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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.

    More about this property
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