New search
Property profile & analytics
OFF-MARKET
Estimated value
$37,605,000
Retail properties & Spaces
2975 Richmond Ave, Staten Island, NY 10314-5851
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2574273
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Year built
1995
Total area
142,419 SF
Lot
8.76 ac (381,498 SF)
Zoning code
C4-1
APN
02359-0300
UPID
US63-2574273
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
-
Costco Pharmacy Pharmacy
-
Costco Wholesale Big Box & Wholesale Store Discount Store
-
Cardtronics ATM Atm
-
Costco Bakery Bakery Specialty Food Shop
-
The Staten Island Eye Doctors Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$37.61M
Owner & transaction history
Costco Wholesale Corporation · 1 yrs held
Costco Wholesale Corporation
since 2025
Last sale
$37.6M
6 recorded transactions
Zoning & alternative use
C4-1 · 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
$264 / 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
$921,355
Tax year 2024
Assessed value
$8,698,590
Assessed 2024
Previous assessed
$8,502,480
+2.3% YoY
Effective rate
10.59%
On assessed value
Assessed land
$4,292,100
Assessed improvement
$4,406,490
Land market value
$9,538,000
Improvement market value
$11,254,000
Total market value
$20,792,000
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 properties & Spaces
Use group
DEPARTMENT STORE (MULTI-STORY)
Status
Off-Market
Year built
1995
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
142,419 SF
Lot
8.76 ac (381,498 SF)
Zoning code
C4-1
APN
02359-0300
UPID
US63-2574273
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-1 · Staten Island, NY
Zoning C4-1 · permitted uses
C4-1 · 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
1995
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
8.76 ac
Current owner
From public records · entity-resolved
Costco Wholesale Corporation
Entity
Mailing address
999 LK DR STE #200, ISSAQUAH, WA 98027-8982
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 13, 2025
$37,605,875
Costco Wholesale Corporation
Staten Island Plaza Limited Partner
Bargain & Sale Deed
—
Mar 29, 2021
—
Staten Island Plaza Limited Partner
—
Deed
related
$26,050,000 · Ctl Lending Group LLC
Jun 7, 2004
—
Island Plaza Staten
—
Deed Of Trust
related
$13,575,000 · Ctl Lending Group LLC
—
—
Island Plaza LP Staten
—
Deed Of Trust
related
$384,018 · Ctl Lending Group LLC
—
—
Island Plaza LP Staten
—
Deed Of Trust
related
$10,000,000 · Ctl Lending Group LLC
—
—
Island Plaza LP Staten
—
Deed Of Trust
related
$7,240,000 · Ctl Lending Group 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
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