Vacant Ground-Level Medical
For Sale
$950,000
3767 Richmond Ave, Staten Island, NY 10312
MULTI_FAMILY - Staten Island, NY
Property Size2,108 SF
Lot Size0.13 Acres
Price / SF$450.66
Days on Market194
Property Features for 3767 Richmond Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
2
Rooms
Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1
Subdivision
Eltingville
Standard status
Active
APN
05511-0027
Size
2,108 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
6951
Building Details
Year built
1970
Floors in Building
2
Listing Agency:
UNITED NATIONAL REALTY GROUP INC
(718) 979-8000
Listed By:
Michael Dukhovny
Added: Feb 19
Changed: Aug 3
Last Checked: Sep 1 at 11:06PM
MLS# 11659454
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property offers a vacant ground-level medical office within a building that also has a second floor currently leased. The ground-level space includes a reception and waiting area, a lab area, 3 exam rooms, and 2 bathrooms. The building was constructed in 1970 and sits on a 0.1267-acre lot.
The lot is described as extra deep, measuring 40x138, which the listing notes creates more buildable area. The property is located on Richmond Ave in the “doctor’s row” area of Richmond Ave.
The listing also provides development parameters: the facility FAR is 1, and the residential FAR is .75. Please consult with your architect regarding feasibility and layout considerations.
The lot is described as extra deep, measuring 40x138, which the listing notes creates more buildable area. The property is located on Richmond Ave in the “doctor’s row” area of Richmond Ave.
The listing also provides development parameters: the facility FAR is 1, and the residential FAR is .75. Please consult with your architect regarding feasibility and layout considerations.
Key Highlights
- Vacant ground‑level medical office with 3 exam rooms, reception and waiting, lab area, and 2 bathrooms
- 0.1267‑acre lot on Richmond Ave
- Extra‑deep lot dimensions of 40x138 for more buildable area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,153,500
$1.2M
Cap Rate 7%
$823,929
$823.9K
Cap Rate 9%
$640,833
$640.8K
Market Conditions
NOI Build-Up for 2,108 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$96.1K $45.60/SF
− Vacancy
−$19.2K −$9.12/SF
EGI
$76.9K $36.48/SF
− OpEx
−$19.2K −$9.12/SF
NOI
$57.7K $27.36/SF
Area
ZIP 10312
Vacancy
20.00%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,153,500
Cap Rate 7%
$823,929
Cap Rate 9%
$640,833
Alternative Uses
Best Use
Office B
$823.9K
$720.9K – $961.3K
NOI $57,675 @ 7.0% cap · market cap 6.07%
Second Best
Multifamily LT 5
$744.1K
$651.1K – $868.2K
NOI $52,090 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.01M
$880.1K – $1.17M
NOI $70,408 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10312, NY
61,642
Population
22,547
Households
2.7
Avg Household Size
43
Median Age
41%
College-Educated
92%
High-School Grad
6.9 sq mi
ZIP Area
8,934
Density / Sq Mi
$111,434
Median Household Income
$62,700
Median Earnings
$1,911
Median Rent
$698,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Annadale Veterinary Clinic — 889 Annadale Rd, Staten Island, NY 10312
- Dr. Joseph Augello — 4364 Amboy Rd, Staten Island, NY 10312
- St Francis Animal Hospital — 4364 Amboy Rd, Staten Island, NY 10312
Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant ground-floor medical office with 3 exam rooms, reception and waiting, lab area, and 2 bathrooms.
Where is this medical office space located?
The property is located at 3767 Richmond Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Vacant ground‑level medical office with 3 exam rooms, reception and waiting, lab area, and 2 bathrooms; 0.1267‑acre lot on Richmond Ave; Extra‑deep lot dimensions of 40x138 for more buildable area
