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    Property profile & analytics

    40 Willow W Rd, Unit 52 Staten Island, NY 10303-2849

    • Garden apartment buildings
    • 33,964 SF
    • 1.61 lot acres
    OFF-MARKET
    Value Estimations
    $5,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2759789
    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.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 40 Willow W Rd

    Year built
    1973
    Lot size
    1.61 lot acres
    Property size
    33,964 SF
    Zone code
    R3-2
    Property type
    Garden apartment buildings
    APN
    01136-0237
    APU
    11360237

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,699,000
      Market price range: $3.88M - $9.32M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,265,000
      Current use
      WAREHOUSE, STORAGE
      $6,380,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.1466
    Latitude
    40.6286
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $114,431
    $335,250
    $775,980
    $1,111,230
    -
    $745,000
    $1,289,000
    $2,034,000

    Comparable in this City

    • Value Estimation
      $4,310,000
      30,530 SF

      50 Hbr Loop

      GARDEN APT, COURT APT (5+ UNITS) • 30,530 SF
      50 Hbr Loop, Staten Island, NY 10303-1872
      View Details
    • Value Estimation
      $2,300,000
      43,700 SF

      15 Davidson Ct

      GARDEN APT, COURT APT (5+ UNITS) • 43,700 SF
      15 Davidson Ct, Staten Island, NY 10303-2044
      View Details
    • Value Estimation
      $1,220,000
      21,420 SF

      331 Hbr Rd

      GARDEN APT, COURT APT (5+ UNITS) • 21,420 SF
      331 Hbr Rd, Staten Island, NY 10303-1879
      View Details
    • Value Estimation
      $7,205,000
      312,400 SF

      311 Grandview Ave

      APARTMENT HOUSE (5+ UNITS) • 312,400 SF
      311 Grandview Ave, Staten Island, NY 10303-1918
      View Details
    • Value Estimation by Request
      1,484 SF

      97 Mersereau Ave

      Multifamily properties • 1,484 SF
      97 Mersereau Ave, Staten Island, NY 10303
      View Details
    • Value Estimation
      $550,000
      3,246 SF

      124 Grandview Ave

      APARTMENT HOUSE (5+ UNITS) • 3,246 SF
      124 Grandview Ave, Staten Island, NY 10303-2054
      View Details

    Similar Nearby for Sale

    • $6,899,000
      1.27 Acres

      Staten Island Multifamily Investment Opportunity

      Fully occupied 38-unit apartment complex on 1.25+ acres.
      15 Davidson Ct, Staten Island, NY 10303
      View Details
    • $842,000
      2,777 SF

      New Mixed-Use Building, Staten Island

      Mixed-use building with retail space and two-bedroom apartment.
      3020 Richmond Ter, Staten Island, NY 10303
      View Details
    • $6,899,000
      1.27 Acres

      Staten Island Multifamily Investment Opportunity

      Fully occupied 38-unit apartment complex on 1.25+ acres.
      15 Davidson Ct, Staten Island, NY 10303
      View Details
    • $619,000
      Pending

      Two-Family Townhome in Mariners Harbor

      Legal two-family townhome with investment potential in a convenient location.
      3102 Richmond Ter, Staten Island, NY 10303
      View Details
    • Contact for pricing
      2,200 SF

      Vacant Staten Island Triplex

      Fully vacant triplex with separate entrances, meters, and large yard.
      65 Union Ave, Staten Island, NY 10303
      View Details
    • New
      $789,000
      Pending

      Staten Island Two-Family Home

      Well-maintained two-family home with rental income potential.
      64 Van Name Ave, Staten Island, NY 10303
      View Details

    Similar Nearby for Lease

    • $3,400 /Mo
      1,600 SF

      Staten Island Warehouse with High Ceilings

      Ground-level warehouse space with 30-foot ceilings in prime industrial area.
      3111 Richmond Ter, Staten Island, NY 10303
      View Details
    • $2,600 /Mo
      1,100 SF

      Staten Island Office Space Available

      Well-maintained 1100 sq ft office space for rent.
      2015 Forest Ave, Staten Island, NY 10303
      View Details
    • Contact for pricing

      Ground Level Warehouse for Lease

      Ground level warehouse for lease, available immediately.
      208 Grandview Ave, Staten Island, NY 10303
      View Details
    • Contact for pricing

      Retail Space Near Anchor Tenants

      Retail space available near major retail and entertainment destinations.
      2474 Forest Ave, Staten Island, NY 10303
      View Details
    • $1,600 /Mo
      700 SF

      Staten Island Office Space Available

      Office space with on-site parking suitable for various businesses.
      2015 Forest Ave, Staten Island, NY 10303
      View Details
    • Contact for pricing

      M2-1 Land For Lease

      Vacant land for lease in a densely populated area.
      222 Arlington Ave, Staten Island, NY 10303
      View Details
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    Staten Island, NY 10303-2849
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    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
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