Two-Level Medical
New
For Sale
$850,000
1430 Clove Rd, Staten Island, NY 10301
Eight private offices, patient waiting areas, and a staff kitchenette support a multi-practitioner layout.
Property Size2,990 SF
Lot Size0.13 Acres
Days on Market3
Property Features for 1430 Clove Rd
General Information
Standard status
Active
Size
2,990 SF
Lot size
0.13 Acres
Property subtype
Commercial
Additional Details
Public Transit
Yes
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$23,507
Amenities
central air conditioning
Building Details
Building Size
2,990 SF
Year Built
1980
Buildings
1
Stories
2
Listing Agency:
ProBase Real Estate
Listed By:
JiaJie (Kai) Zheng · License #10401377313
(718) 210-2727
Source:
Elliman
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ProBase Real Estate
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Investment Insights
Based on property information with market context.
This medical office property at 1430 Clove Road has two levels and was built in 1980. Central air conditioning serves the building, which contains eight private offices. The first floor includes four offices, three bathrooms, two patient waiting areas, and a staff kitchenette; a separate utility room is located in the basement.
The site measures 41' × 139', with an approximately 23' × 65' building footprint. Local bus service, Staten Island roadways, medical practices, and neighborhood services are noted nearby.
The site measures 41' × 139', with an approximately 23' × 65' building footprint. Local bus service, Staten Island roadways, medical practices, and neighborhood services are noted nearby.
Key Highlights
- Eight private offices across two levels
- First floor includes four offices, three bathrooms, two patient waiting areas, and a staff kitchenette
- Separate utility room in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,459
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,180
$1.4M
Cap Rate 7%
$977,986
$978.0K
Cap Rate 9%
$760,656
$760.7K
Market Conditions
NOI Build-Up for 2,990 SF
Gross rent
$114.8K $38.40/SF
− Vacancy
−$23.5K −$7.87/SF
EGI
$91.3K $30.53/SF
− OpEx
−$22.8K −$7.63/SF
NOI
$68.5K $22.90/SF
Area
Staten Island, NY
Vacancy
20.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,369,180
Cap Rate 7%
$977,986
Cap Rate 9%
$760,656
Alternative Uses
Best Use
Office B
$978.0K
$855.7K – $1.14M
NOI $68,459 @ 7.0% cap · market cap 8.05%
Second Best
Healthcare Medical
$913.4K
$799.2K – $1.07M
NOI $63,938 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.43M
$1.25M – $1.66M
NOI $99,867 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 10301, NY
41,474
Population
16,631
Households
2.5
Avg Household Size
40
Median Age
38%
College-Educated
88%
High-School Grad
3.8 sq mi
ZIP Area
10,914
Density / Sq Mi
$84,937
Median Household Income
$50,140
Median Earnings
$1,697
Median Rent
$657,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- CompleteCare Veterinary Center — 1293 Clove Rd, Staten Island, NY 10301
- Pet Nutritional Needs — 1293 Clove Rd, Staten Island, NY 10301
Frequently Asked Questions
What type of property is this?
Medical Office Space - Eight private offices, patient waiting areas, and a staff kitchenette support a multi-practitioner layout.
Where is this medical office space located?
The property is located at 1430 Clove Rd Staten Island, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Eight private offices across two levels; First floor includes four offices, three bathrooms, two patient waiting areas, and a staff kitchenette; Separate utility room in the basement
