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Property profile & analytics
OFF-MARKET
Estimated value
$6,550,000
Warehouses
388 Ss Ave, Staten Island, NY 10303-1411
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1516390
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Total area
30,000 SF
Lot
1.01 ac (44,083 SF)
Zoning code
M1-1
APN
01270-0128
UPID
US63-1516390
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
-
Factory Motor Parts Auto Parts Store
-
Auto Plus Auto Parts Auto Parts Store
-
School Holiday Boutique High School
-
Stevens Worldwide Van Lines Moving Company
-
Brighton USA Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$6.55M
Owner & transaction history
388 South S I LLC · 3 yrs held
388 South S I LLC
since 2022
Last sale
$7.0M
4 recorded transactions
Zoning & alternative use
M1-1 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.5M
+86.9%
Retail stores
$10.0M
+77.0%
Office building
$9.0M
+59.3%
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
$6,080,000
ML approach
$6,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,635,000
Current use
AUTO REPAIR, GARAGE
$10,535,000
Change: +87% · Conversion: Easy
RETAIL STORES
$9,975,000
Change: +77% · Conversion: Moderate
OFFICE BUILDING
$8,980,000
Change: +59% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,415,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$6.55M
Range $5.90M – $7.21M · ±10% · vs last sale $7.00M (Nov 15 2022)
Last sale anchor
$7.00M
Nov 15 2022
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
$218 / 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
$61,391
Tax year 2024
Assessed value
$831,600
Assessed 2024
Previous assessed
$676,350
+23.0% YoY
Effective rate
7.38%
On assessed value
Assessed land
$297,450
Assessed improvement
$534,150
Land market value
$661,000
Improvement market value
$627,000
Total market value
$1,288,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
NONE
Buildings
1
Stories
1
Units
4
Total area
30,000 SF
Lot
1.01 ac (44,083 SF)
Zoning code
M1-1
APN
01270-0128
UPID
US63-1516390
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
M1-1 · Staten Island, NY
Zoning M1-1 · permitted uses
M1-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$10.5M
RETAIL STORES
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.4M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1977
Heating
NONE
Stories
1
Buildings
1
Units
4
Lot
1.01 ac
Current owner
From public records · entity-resolved
388 South S I LLC
Entity
Mailing address
2902 W 37TH ST, BROOKLYN, NY 11224-1412
Ownership since
2022
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
Dec 29, 2022
—
388 South S I LLC
—
Deed
related
$63,000 · Trenton Business Assistance Corporation
Dec 21, 2022
—
388 South S I LLC
—
Deed
related
$2,240,000 · Jpmorgan Chase Bank NA
Nov 15, 2022
$7,000,000
388 South S I LLC
H & J Realty Management LLC
Bargain And Sale Deed
$2,800,000 · Jpmorgan Chase Bank NA
Feb 20, 2002
—
H & J Management LLC
Schwartz,harold & Joan
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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