Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3 Racal Ct Staten Island, NY 10314
    Back to Search
    Property profile & analytics

    3 Racal Ct Staten Island, NY 10314

    View on Map
    • Commercial real estate
    • 19,800 SF
    Off-Market
    Property ID
    US63-2032120
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3 Racal Ct

    Year built
    1982
    Property size
    19,800 SF
    Property type
    Commercial real estate

    Description

    This exceptional multifamily investment opportunity comprises five three-story apartment buildings located at 3, 15, 23, 31, and 39 Racal Court, Staten Island, NY 10314. The portfolio boasts a total of 15 units, offering a mix of one, two, and three-bedroom apartments, each with a desirable layout. With a combined 19,800 square feet of net rentable space situated on a 14,410 square foot lot, the property presents a compelling value-add proposition. Built in 1982 and renovated in 2000, the buildings are zoned C4-1 and include 15 parking spaces. Currently operating at 90% occupancy, the portfolio generates a pro-forma NOI of $513,675, representing a pro-forma cap rate of 10.81%. The asking price is $4,750,000, translating to $239.90 per square foot and $316,667 per unit. This prime location in Heartland Village, adjacent to the Staten Island Mall, ensures strong tenant demand and future appreciation potential. The property is being offered as-is, with existing tenants in place. This is an ideal investment for those seeking a strong return in a highly desirable Staten Island location. Each building features a full basement, adding further potential for value enhancement. The portfolio presents a rare opportunity to acquire a well-maintained, income-producing multifamily asset with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1645022
    Latitude
    40.5862888

    Comparable in this City

    • $1,475,000
      0.09 Acres

      New Two-Family Home, Staten Island

      Modern two-family home built in 2023 with income potential.
      96 Coale Ave, Staten Island, NY 10314
      View Details
    • $999,888
      3,450 SF

      Spacious Two-Family Home

      Two-family residence in New Springville with income potential.
      1319 Rockland Ave, Staten Island, NY 10314
      View Details

    Similar Nearby for Sale

    • $1,050,000
      1,846 SF

      Two-Family Home with Basement Studio

      Two-family detached home with a basement studio rental.
      467 Stewart Ave, Staten Island, NY 10314
      View Details
    • $949,000
      Pending

      Desirable Two-Family Home For Sale

      Move-in ready two-family home in a desirable location.
      72 Bangor St, Staten Island, NY 10314
      View Details
    • $1,100,000
      Pending

      Staten Island High-Ranch Two-Family

      Well-maintained two-family high-ranch in Manor Heights.
      146 Queen St, Staten Island, NY 10314
      View Details
    • $910,250
      1,200 SF

      Staten Island Two-Family Home

      Two-family home with separate utilities and tenant in place.
      3 Mann Ave, Staten Island, NY 10314
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Coral Island

      Neighborhood shopping center at a busy Staten Island intersection.
      1650 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Staten Island Warehouse with Yard

      4000 SF warehouse with optional 4000 SF yard.
      317 Chelsea Rd, Staten Island, NY 10314
      View Details
    • Contact for pricing
      19,522 SF

      Staten Island Retail Space Available

      Retail space for rent in a high-traffic Staten Island location.
      2795 Richmond Ave, Staten Island, NY 10314
      View Details
    • Contact for pricing
      55,000 SF

      Staten Island Fitness Center Space

      Fitness center space available on Staten Island Expressway.
      145 E Service Rd, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Industrial Lots for Lease

      Four industrial lots available for lease in Staten Island.
      335 Chelsea Rd, Staten Island, NY 10314
      View Details
    • Contact for pricing

      Todt Hill Medical Center Space

      Medical office space in accessible Staten Island location.
      78 Todt Hill Rd, Staten Island, NY 10314
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3 Racal Ct
    Staten Island, NY 10314
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3 Racal Ct, Staten Island, NY, 10314
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!