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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Retail residential properties
227-229 Main St Staten Island, NY 10307
Entity Owned
13-yr Hold
Free & Clear
Property ID
US63-5604920
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1959
Total area
2,736 SF
Lot
0.37 ac (16,000 SF)
Zoning code
R3A
APN
08047-0031
UPID
US63-5604920
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
$835k
Comparable Approach
Comparable
$406k
Blend (final)
Blend
$635k
Owner & transaction history
125-229 Main Street LLC · 13 yrs held
125-229 Main Street LLC
since 2013
4 recorded transactions
Zoning & alternative use
R3A · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$960,000
+43.5%
Retail stores
$910,000
+35.9%
Office building
$820,000
+22.3%
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%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$670,000
Current use
AUTO REPAIR, GARAGE
$960,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$910,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$820,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$232 / 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
$17,674
Tax year 2024
Assessed value
$166,860
Assessed 2024
Previous assessed
$159,840
+4.4% YoY
Effective rate
10.59%
On assessed value
Assessed land
$79,200
Assessed improvement
$87,660
Land market value
$176,000
Improvement market value
$253,000
Total market value
$429,000
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
1959
Heating
NONE
Buildings
1
Stories
2
Units
4
Total area
2,736 SF
Lot
0.37 ac (16,000 SF)
Zoning code
R3A
APN
08047-0031
UPID
US63-5604920
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3A · Staten Island, NY
Zoning R3A · permitted uses
R3A · 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
$670,000
AUTO REPAIR, GARAGE
Est. value
$960,000
RETAIL STORES
Est. value
$910,000
OFFICE BUILDING
Est. value
$820,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1959
Heating
NONE
Stories
2
Buildings
1
Units
4
Lot
0.37 ac
Current owner
From public records · entity-resolved
125-229 Main Street LLC
Entity
Free & Clear · 13 yrs held
Mailing address
159 NEW DORP PLZ N, STATEN ISLAND, NY 10306-2923
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2013
—
125-229 Main Street LLC
Fine,craig
Grant Deed
—
May 24, 2012
$450,000
Fine,craig
Morrow,michele
Grant Deed
$315,000 · Michele Morrow
Jul 14, 2009
—
Dewey Morrow JR.
Morrow,dewey
Quit Claim Deed
related
—
—
—
Michele Morrow
—
Loan Modification
related
$229,237 · Craig Fine
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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