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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Retail residential properties
691 Bay St Staten Island, NY 10304-3816
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US63-2275073
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1931
Total area
14,866 SF
Lot
0.21 ac (9,230 SF)
Zoning code
R3-2
APN
00496-0054
UPID
US63-2275073
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
-
Edgewater Hall Hotel & Motel Resort
-
Dock Street Media Media Distribution
-
La Cuéva Bar & Pub Restaurant
-
Amendment 18 - Themed Catering Company Take-out & Catering Catering Service
-
Issas Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.63M
Comparable Approach
Comparable
$4.29M
Blend (final)
Blend
$3.78M
Owner & transaction history
The Mazzei Group LLC · 20 yrs held
The Mazzei Group LLC
since 2005
7 recorded transactions
Zoning & alternative use
R3-2 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.2M
+47.5%
Retail stores
$4.9M
+39.7%
Office building
$4.5M
+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%
$5,015,000
6.5%
$4,630,000
7%
$4,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,540,000
Current use
AUTO REPAIR, GARAGE
$5,220,000
Change: +47% · Conversion: Difficult
RETAIL STORES
$4,945,000
Change: +40% · Conversion: Easy
OFFICE BUILDING
$4,450,000
Change: +26% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,180,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±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
$254 / 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
$64,728
Tax year 2024
Assessed value
$611,100
Assessed 2024
Previous assessed
$567,090
+7.8% YoY
Effective rate
10.59%
On assessed value
Assessed land
$145,350
Assessed improvement
$465,750
Land market value
$323,000
Improvement market value
$1,265,000
Total market value
$1,588,000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
3
Units
5
Total area
14,866 SF
Lot
0.21 ac (9,230 SF)
Zoning code
R3-2
APN
00496-0054
UPID
US63-2275073
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3-2 · Staten Island, NY
Zoning R3-2 · permitted uses
R3-2 · 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
$3.5M
AUTO REPAIR, GARAGE
Est. value
$5.2M
RETAIL STORES
Est. value
$4.9M
OFFICE BUILDING
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.2M
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
1931
Heating
NONE
Stories
3
Buildings
1
Units
5
Lot
0.21 ac
Current owner
From public records · entity-resolved
The Mazzei Group LLC
Entity
Mailing address
691 BAY ST, STATEN ISLAND, NY 10304-3816
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
—
Mazzei Group LLC
—
Deed
related
$1,100,000 · Island FCU
Nov 21, 2005
—
The Mazzei Group LLC
The Mazzei Group LLC
Bargain And Sale Deed
$300,000 · Victory State Bank
—
—
Mazzei Group LLC
—
Loan Modification
related
$1,100,000 · Island FCU
—
—
Mazzei Group LLC
—
Deed Of Trust
related
$100,000 · Victory State Bank
—
—
Mazzci Group LLC
—
Deed Of Trust
related
$70,000 · All Am Growth
—
—
Mazzei Group LLC
—
Deed Of Trust
related
$50,400 · Us Small Business Admn
—
—
701 Bay LLC
—
Deed Of Trust
related
$50,400 · Us Small Business Admn
—
—
Mazzel Group LLC
—
Deed Of Trust
related
$248,300 · First Central Savings 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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