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Property profile & analytics
OFF-MARKET
Super regional malls
2220 Frst Ave, Staten Island, NY 10303-1752
Individually Owned
17-yr Hold
Free & Clear
Property ID
US63-3715669
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2004
Total area
18,050 SF
Lot
1.26 ac (54,973 SF)
Zoning code
C8-1
APN
01685-0090
UPID
US63-3715669
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
-
J and B Pizzeria Restaurant Restaurant
-
Liberty Tax Accounting Firm Tax Preparation
-
World Of Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Nail Essence Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2220 Forest Avenue Contracting · 17 yrs held
2220 Forest Avenue Contracting
since 2008
5 recorded transactions
Zoning & alternative use
C8-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$206,194
Tax year 2024
Assessed value
$2,018,530
Assessed 2024
Previous assessed
$1,930,500
+4.6% YoY
Effective rate
10.22%
On assessed value
Assessed land
$742,500
Assessed improvement
$1,276,030
Land market value
$1,650,000
Improvement market value
$2,676,000
Total market value
$4,326,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
1
Stories
1
Units
9
Total area
18,050 SF
Lot
1.26 ac (54,973 SF)
Zoning code
C8-1
APN
01685-0090
UPID
US63-3715669
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.
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
1
Buildings
1
Units
9
Lot
1.26 ac
Current owner
From public records · entity-resolved
2220 Forest Avenue Contracting
Individual
Free & Clear · 17 yrs held
Mailing address
4061 VICTORY BLVD, STATEN ISLAND, NY 10314-6732
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 24, 2008
$1,890,000
2220 Forest Avenue Contracting
Ap Forest Realty LLC
Grant Deed
—
May 15, 2006
—
Ri Forest Realty LLC
Forest Avenue Realty LLC
Quit Claim Deed
—
Oct 2, 2002
$1,975,000
Forest Avenue Realty LLC
Forest Avenue Associates LLC
Grant Deed
related
$1,200,000 · Si Bank & Trust
—
—
Forest Avenue Realty LLC
—
Deed Of Trust
related
$499,900 · Si Bank & Trust
—
—
Forest Avenue Realty LLC
—
Deed Of Trust
related
$2,200,524 · Commerce Bank NA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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