Detached Medical Office
For Sale
$699,000
1562 Drumgoole Road E, Staten Island, NY 10309
Commercial, Staten Island, NY
Property Size1,612 SF
Lot Size0.09 Acres
Price / SF$433.62
Days on Market257
Property Features for 1562 Drumgoole Road E
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R3X
Basement
Finished, Full
Subdivision
Princess Bay
Standard status
Active
Size
1,612 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
9412
Building Details
Year built
2007
Floors in Building
2
Number of units
1
Flooring type
Tile
Building materials
Wood Frame
Roof type
Asphalt
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Jason Zhou
(718) 612-3088
Added: Feb 3
Changed: Oct 13
Last Checked: Oct 18 at 7:06PM
MLS# 498771
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This detached medical office property is arranged for professional practice use, with a reception area, three first-floor treatment or office rooms, and a half bathroom. The lower level adds three rooms and a three-quarter bathroom, while a stand-up attic provides storage. The building contains approximately 1,612 square feet and was built in 2007 with wood-frame construction, tile flooring, and an asphalt roof.
A Community Facility Certificate of Occupancy supports a range of potential uses, including medical offices, clinics, physical therapy practices, schools, daycare centers, educational facilities, nonprofit offices, houses of worship, cultural institutions, libraries, and social service agencies. The property is situated in an R3X zoning district and includes a private driveway. The existing configuration has served as a dental office for approximately 15 years, with potential for conversion back to residential use if desired.
A Community Facility Certificate of Occupancy supports a range of potential uses, including medical offices, clinics, physical therapy practices, schools, daycare centers, educational facilities, nonprofit offices, houses of worship, cultural institutions, libraries, and social service agencies. The property is situated in an R3X zoning district and includes a private driveway. The existing configuration has served as a dental office for approximately 15 years, with potential for conversion back to residential use if desired.
Key Highlights
- Approximately 1,612 square feet in a detached building
- First floor includes reception, 3 treatment or office rooms, and a half bathroom
- Lower level provides 3 additional rooms and a 3/4 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,908
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,160
$738.2K
Cap Rate 7%
$527,257
$527.3K
Cap Rate 9%
$410,089
$410.1K
Market Conditions
NOI Build-Up for 1,612 SF
Gross rent
$61.9K $38.40/SF
− Vacancy
−$12.7K −$7.87/SF
EGI
$49.2K $30.53/SF
− OpEx
−$12.3K −$7.63/SF
NOI
$36.9K $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%
$738,160
Cap Rate 7%
$527,257
Cap Rate 9%
$410,089
Alternative Uses
Best Use
Office B
$527.3K
$461.4K – $615.1K
NOI $36,908 @ 7.0% cap · market cap 5.28%
Second Best
Healthcare Medical
$492.4K
$430.9K – $574.5K
NOI $34,471 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$769.2K
$673.0K – $897.4K
NOI $53,841 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Community Facility Certificate of Occupancy supports medical, educational, nonprofit, and other institutional uses.
Where is this medical office space located?
The property is located at 1562 Drumgoole Road E Staten Island, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Approximately 1,612 square feet in a detached building; First floor includes reception, 3 treatment or office rooms, and a half bathroom; Lower level provides 3 additional rooms and a 3/4 bathroom
