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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Office buildings
98 Rose Ave Staten Island, NY 10306-2242
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2755442
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1920
Total area
1,400 SF
Lot
0.13 ac (5,750 SF)
Zoning code
R3X
APN
04202-0037
UPID
US63-2755442
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
-
Giorgio Engineering Engineering Consultant
-
Reliance Engineering PC Engineer
-
IslandMed Pediatrics Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$374k
Blend (final)
Blend
$530k
Owner & transaction history
Szobf Realty LLC · 4 yrs held
Szobf Realty LLC
since 2022
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
R3X · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$490,000
+17.3%
Retail stores
$465,000
+11.1%
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
$485,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$420,000
Current use
AUTO REPAIR, GARAGE
$490,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$465,000
Change: +11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$405,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $560k (Feb 15 2022)
Last sale anchor
$560k
Feb 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
$379 / 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
$9,199
Tax year 2024
Assessed value
$86,850
Assessed 2024
Previous assessed
$81,090
+7.1% YoY
Effective rate
10.59%
On assessed value
Assessed land
$45,000
Assessed improvement
$41,850
Land market value
$100,000
Improvement market value
$106,000
Total market value
$206,000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1920
Heating
NONE
Buildings
1
Stories
2
Units
1
Total area
1,400 SF
Lot
0.13 ac (5,750 SF)
Zoning code
R3X
APN
04202-0037
UPID
US63-2755442
Jurisdiction
RICHMOND
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R3X · Staten Island, NY
Zoning R3X · permitted uses
R3X · 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
OFFICE BUILDING Current
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$490,000
RETAIL STORES
Est. value
$465,000
COMMERCIAL (GENERAL)
Est. value
$405,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
1920
Heating
NONE
Stories
2
Buildings
1
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Szobf Realty LLC
Entity
Mailing address
211 MEISNER AVE, STATEN ISLAND, NY 10306-1245
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$560,000
Szobf Realty LLC
Ralph Giorgio
Bargain And Sale Deed
$448,000 · Td Bank NA
Dec 9, 2019
—
Giorgio Trust
Carolyn Giorgio
Quit Claim Deed
related
—
Jul 10, 2019
—
Carolyn Giorgio
—
Deed
related
$400,000 · Victory State Bank
—
—
Carolyn Giorgio
—
Deed Of Trust
related
$210,000 · First Central Savings Bank
—
—
Carolyn Giorgio
—
Deed Of Trust
related
$331,819 · First Central Savings Bank
—
—
Ralph Giorgio
—
Deed Of Trust
related
$80,000 · Richmond County Savings Bank
—
—
Carolyn Giorgio
—
Deed Of Trust
related
$230,000 · 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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