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Property profile & analytics
OFF-MARKET
Estimated value
$23,640,000
Retail residential properties
40 Prospect St Staten Island, NY 10304-3863
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-1885898
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2011
Total area
100,670 SF
Lot
1.16 ac (50,530 SF)
Zoning code
C4-2
APN
00491-0011
UPID
US63-1885898
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
-
Stapleton Appliance Repair Home Appliance Store
-
Live laugh love Family Daycare High School Daycare Center
-
Diaz Corporate Services Consultant
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$31.37M
Comparable Approach
Comparable
$25.39M
Blend (final)
Blend
$23.64M
Owner & transaction history
Bay Street Owners LLC · 13 yrs held
Bay Street Owners LLC
since 2013
5 recorded transactions
Zoning & alternative use
C4-2 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$35.4M
+47.5%
Retail stores
$33.5M
+39.7%
Office building
$30.1M
+25.7%
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%
$33,975,000
6.5%
$31,365,000
7%
$29,120,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$23,970,000
Current use
AUTO REPAIR, GARAGE
$35,350,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$33,475,000
Change: +40% · Conversion: Easy
OFFICE BUILDING
$30,135,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$21,525,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$23.64M
Range $21.28M – $26.00M · ±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
$235 / 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
$38,245
Tax year 2024
Assessed value
$3,615,210
Assessed 2024
Previous assessed
$3,541,500
+2.1% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,023,750
Assessed improvement
$2,591,460
Land market value
$2,275,000
Improvement market value
$4,951,000
Total market value
$7,226,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
1
Stories
6
Units
93
Total area
100,670 SF
Lot
1.16 ac (50,530 SF)
Zoning code
C4-2
APN
00491-0011
UPID
US63-1885898
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
C4-2 · Staten Island, NY
Zoning C4-2 · permitted uses
C4-2 · 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
$24.0M
AUTO REPAIR, GARAGE
Est. value
$35.4M
RETAIL STORES
Est. value
$33.5M
OFFICE BUILDING
Est. value
$30.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.5M
COMMERCIAL (GENERAL) 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
2011
Heating
NONE
Stories
6
Buildings
1
Units
93
Lot
1.16 ac
Current owner
From public records · entity-resolved
Bay Street Owners LLC
Entity
Mailing address
3092 HULL AVE STE #4, BRONX, NY 10467-4637
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2013
—
Bay Street Owners LLC
Bay Street Owners LLC
Quit Claim Deed
$5,499,999 · Dept Housing Preservation Dev
Jul 12, 2010
—
Bay Street Owners LLC
Department Of Hsng Preservatio
Grant Deed
$6,759,284 · Housing Development Corp
—
—
Bay Street Owners LLC
—
Loan Modification
related
$5,476,647 · Dept Housing Preservation Dev
—
—
Bay Street Owners LLC
—
Loan Modification
related
$1,837,353 · Dept Housing Preservation Dev
—
—
Nyc Ptshp Hsng Dev Fund Co INC
—
Deed Of Trust
related
$5,499,999 · New York City (ny)
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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