Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,260,000
Retail residential properties
221 Prt Richmond Ave Staten Island, NY 10302-1701
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US63-0077359
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2020
Total area
27,629 SF
Lot
0.15 ac (6,561 SF)
Zoning code
C4-2
APN
01035-0012
UPID
US63-0077359
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.42M
Comparable Approach
Comparable
$6.31M
Blend (final)
Blend
$6.26M
Owner & transaction history
Castleton Hsng Dev Fund Corp · 7 yrs held
Castleton Hsng Dev Fund Corp
since 2018
7 recorded transactions
Zoning & alternative use
C4-2 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.7M
+102.1%
Retail stores
$9.2M
+91.4%
Office building
$8.3M
+72.3%
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%
$9,120,000
6.5%
$8,415,000
7%
$7,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,800,000
Current use
AUTO REPAIR, GARAGE
$9,700,000
Change: +102% · Conversion: Difficult
RETAIL STORES
$9,185,000
Change: +91% · Conversion: Easy
OFFICE BUILDING
$8,270,000
Change: +72% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,910,000
Change: +23% · Conversion: Moderate
WAREHOUSE, STORAGE
$5,190,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$6.26M
Range $5.63M – $6.89M · ±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
$227 / 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
Assessed value
$1,867,410
Assessed 2024
Previous assessed
$1,882,800
-0.8% YoY
Assessed land
$138,960
Assessed improvement
$1,728,450
Land market value
$328,000
Improvement market value
$3,781,000
Total market value
$4,109,000
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2020
Heating
NONE
Buildings
1
Stories
6
Units
49
Total area
27,629 SF
Lot
0.15 ac (6,561 SF)
Zoning code
C4-2
APN
01035-0012
UPID
US63-0077359
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Staten Island, NY
Zoning C4-2 · permitted uses
C4-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$9.7M
RETAIL STORES
Est. value
$9.2M
OFFICE BUILDING
Est. value
$8.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.9M
WAREHOUSE, STORAGE
Est. value
$5.2M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2020
Heating
NONE
Stories
6
Buildings
1
Units
49
Lot
0.15 ac
Current owner
From public records · entity-resolved
Castleton Hsng Dev Fund Corp
Entity
Mailing address
100 PARK AVE, STATEN ISLAND, NY 10302-1440
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2023
—
Merchants Capital Corp
—
Deed
related
$1,200,260 · City Of New York
Jun 5, 2023
—
Castleton Housing Development Fund
—
Deed
related
$7,942,000 · City Of New York
Nov 29, 2019
—
1546 Castleton Owner LLC
—
Deed
related
$208,515 · Hudson Castleton LLC
Dec 20, 2018
$2,000,000
Castleton Hsng Dev Fund Corp
Watershed Associates INC
Grant Deed
$1,200,260 · Private Individual
May 9, 2018
$950,000
Watershed Associates INC
221 Port Richmond INC
Grant Deed
—
Oct 1, 2015
$550,000
221 Port Richmond INC
Hanmi Bk
Grant Deed
—
Jan 21, 2014
—
United Central Bank
Mutual Bk
Grant Deed
—
Jun 29, 2007
$218,000
Watershed Associates INC
Northfield Bank
Deed
$174,400 · Northfield Bank
Jun 29, 2007
—
Northfield Bank
Northfield Bank
Quit Claim Deed
—
Apr 10, 2007
$650,000
Mutual Bank
Northfield Bank
Grant Deed
—
—
—
1546 Castleton Owner LLC
—
Deed Of Trust
related
$208,515 · Hudson Castleton LLC
—
—
1546 Castleton Owner LLC
—
Deed Of Trust
related
$625,392 · Project Hospitality INC
—
—
1546 Castleton Owner LLC
—
Deed Of Trust
related
$625,392 · Hudson Castleton LLC
—
—
1546 Castleton Owner LLC
—
Deed Of Trust
related
$799,740 · Watershed Associates INC
—
—
1546 Castleton Owner LLC
—
Deed Of Trust
related
$278,600 · Merchants Cap Corp
—
—
1546 Castleton Owner LLC
—
Deed Of Trust
related
$359,972 · Hudson Castleton LLC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 221 Prt Richmond Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
