848 PARK AVENUE
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Location
848 PARK AVENUE
Plat Sec Lot Condo
9/5 / 152/ /
Acct#
17187869
Owner
PARK AVE THEATRE REALTY LLC
Assessment
$4,107,600
Appraisal
$4,107,600
PID
13842
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2023$3,976,000$131,600$4,107,600
Assessment
Valuation YearImprovementsLandTotal
2023$3,976,000$131,600$4,107,600

Owner of Record
OwnerPARK AVE THEATRE REALTY LLC
Co-Owner
Address1220 IVES ROAD

WARWICK, RI 02818
Sale Price$3,000,000
Certificate
Book & Page 6403/0327
Sale Date12/16/2021

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageSale Date
PARK AVE THEATRE REALTY LLC$3,000,000 6403/032712/16/2021
848 PARK AVENUE ASSOCIATES LLC$0 0/012/31/2020
848 PARK AVENUE ASSOCIATES LLC$0 6080/012610/26/2020
848 PARK AVENUE ASSOCIATES LLC$0 5788/000106/28/2019
848 PARK AVENUE ASSOCIATES LLC$0 0/012/31/2016

Building Information
Building 1 : Section 1
Year Built: 1923
Living Area: 14,571
Replacement Cost: $1,616,614
Building Percent Good: 55
Replacement Cost
Less Depreciation:
$889,100
Building Attributes
FieldDescription
Style:Restaurant
ModelCommercial
GradeAverage
Stories:2
Occupancy1.00
Exterior Wall 1Stucco/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Ceram Clay Til
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseLRG BUS MDL94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:333I
Heat/ACHEAT/AC SPLIT
Frame TypeFIREPRF STEEL
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsABOVE AVERAGE
Wall Height30.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 8,000 8,000
FBMBasement, Finished 8,761 6,571
CTHCathedral Ceiling 8,000 0
FOPPorch, Open, Frame 128 0
   24,889 14,571
Building 1 : Section 2
Year Built: 2006
Living Area: 19,736
Replacement Cost: $3,170,996
Building Percent Good: 85
Replacement Cost
Less Depreciation:
$2,695,300
Building Attributes : Section 2 of 3
FieldDescription
Style:Restaurant
ModelCommercial
GradeAverage
Stories:2
Occupancy1.00
Exterior Wall 1Stucco/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2Hardwood
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseLRG BUS MDL94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeFIREPRF STEEL
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsABOVE AVERAGE
Wall Height20.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 9,868 9,868
FUSUpper Story, Finished 9,868 9,868
   19,736 19,736
Building 1 : Section 3
Year Built: 2006
Living Area: 2,360
Replacement Cost: $305,860
Building Percent Good: 85
Replacement Cost
Less Depreciation:
$260,000
Building Attributes : Section 3 of 3
FieldDescription
Style:Restaurant
ModelCommercial
GradeAverage
Stories:2
Occupancy2.00
Exterior Wall 1Stucco/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Hardwood
Interior Floor 2Hardwood
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseLRG BUS MDL94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeFIREPRF STEEL
Baths/PlumbingABOVE AVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsABOVE AVERAGE
Wall Height40.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 2,360 2,360
CTHCathedral Ceiling 2,360 0
   4,720 2,360

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET33385.00 S.F.$18,4001
ELEVELEVATOR,COMM2.00 STOP$34,0001
ELEVELEVATOR,COMM3.00 STOP$33,0001
MEZ3W/PARTITIONS2640.00 S.F.$43,6001
LDL1LOAD LEVELERS1.00 UNITS$2,1001

Land
Land Use
Use Code3333
DescriptionLRG BUS MDL94  
ZoneC3
NeighborhoodR
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)15010
Frontage0
Depth0
Assessed Value$131,600
Appraised Value$131,600

Outbuildings
Outbuildings
CodeDescriptionSizeValueBldg #
LT1LIGHTS-IN W/PL1.00 UNITS$5001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2023$3,976,000$131,600$4,107,600
2022$3,298,700$112,800$3,411,500
2021$3,298,700$112,800$3,411,500
2020$2,868,400$103,000$2,971,400
2019$2,868,400$103,000$2,971,400

Assessment
Valuation YearImprovementsLandTotal
2023$3,976,000$131,600$4,107,600
2022$3,298,700$112,800$3,411,500
2021$3,298,700$112,800$3,411,500
2020$2,868,400$103,000$2,971,400
2019$2,868,400$103,000$2,971,400

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