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Property profile & analytics
OFF-MARKET
Estimated value
$15,235,000
Apartment buildings
388 Richmond Ter, Staten Island, NY 10301-1500
Entity Owned
6-yr Hold
Free & Clear
Property ID
US63-5124567
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1986
Total area
87,493 SF
Lot
0.85 ac (36,984 SF)
Zoning code
R5
APN
00003-0015
UPID
US63-5124567
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
-
Harbour View Apartments Apartment Building
-
Big Daddy's Gratifying Massages & Escort service Physician
-
S.I KEYS LLC Locksmith
-
EVIEFROMNY Engraver
-
388 Richmond Terrace LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.24M
Owner & transaction history
388 Harbor View Housing Dev Fund Co · 6 yrs held
388 Harbor View Housing Dev Fund Co
since 2020
7 recorded transactions
Zoning & alternative use
R5 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.0M
+12.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$18,710,000
Current use
COMMERCIAL (GENERAL)
$20,960,000
Change: +12% · Conversion: Moderate
WAREHOUSE, STORAGE
$16,440,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$15.24M
Range $13.71M – $16.76M · ±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
$174 / 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
$4,040,910
Assessed 2024
Previous assessed
$3,832,200
+5.4% YoY
Assessed land
$832,050
Assessed improvement
$3,208,860
Land market value
$1,849,000
Improvement market value
$7,591,000
Total market value
$9,440,000
Applied tax rate
2.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1986
Heating
NONE
Buildings
1
Stories
9
Units
122
Total area
87,493 SF
Lot
0.85 ac (36,984 SF)
Zoning code
R5
APN
00003-0015
UPID
US63-5124567
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Staten Island, NY
Zoning R5 · permitted uses
R5 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$18.7M
COMMERCIAL (GENERAL)
Est. value
$21.0M
WAREHOUSE, STORAGE
Est. value
$16.4M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1986
Heating
NONE
Stories
9
Buildings
1
Units
122
Lot
0.85 ac
Current owner
From public records · entity-resolved
388 Harbor View Housing Dev Fund Co
Entity
Free & Clear · 6 yrs held
Mailing address
20 OCEAN CT, BROOKLYN, NY 11223-6054
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
—
388 Richmond Terrace LLC
—
Deed
related
$12,600,000 · Jpmorgan Chase Bank NA
Jun 23, 2020
—
City Of Ny
—
Deed
related
$12,685,000 · New York Cmnty Bk
May 29, 2020
—
388 Harbor View Housing Dev Fund Co
388 Richmond Terrace LLC
Bargain And Sale Deed
—
Jun 5, 2017
—
388 Richmond Terrace LLC
—
Deed
related
$12,685,000 · New York Cmnty Bk
Jan 29, 2008
$14,100,000
388 Richmond Terrace LLC
Coolidge Staten Island LLC
Bargain And Sale Deed
$11,985,000 · Manufacturers & Traders Trust Co
May 2, 2002
$11,033,000
Coolidge Staten Island LLC
Prairie Properties LLC
Grant Deed
—
Jun 1, 2001
—
Prairie Properties LLC
Harbor View Associates
Trustees Deed
related
—
—
—
388 Richmond Terrace LLC
—
Deed Of Trust
related
$561,553 · New York Community Bank
—
—
City Of Ny
—
Deed Of Trust
related
$12,685,000 · New York Cmnty Bk
—
—
388 Richmond Terrace LLC
—
Deed Of Trust
related
$11,938,446 · New York Community Bank
—
—
388 Richmond Terrace LLC
—
Deed Of Trust
related
$1,425,948 · New York Cmnty Bk
—
—
388 Richmond Terrace LLC
—
Loan Modification
related
$12,685,000 · New York Cmnty Bk
—
—
388 Richmond Terrace LLC
—
Deed Of Trust
related
$150,000 · New York Community Bank
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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