Duplex with Medical Office and Exam
For Sale
$950,000
3767 Richmond Avenue, Staten Island, NY 10312
MULTI_FAMILY - Staten Island, NY
Property Size2,108 SF
Lot Size0.13 Acres
Price / SF$450.66
Days on Market174
Property Features for 3767 Richmond Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3A
Bedrooms
3
Bathrooms
4
Full bathrooms
1
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking features
Off Street
Lot features
Back Yard
Subdivision
Great Kills
Standard status
Active
APN
05511-0027
Size
2,108 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
6951
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Building materials
Stucco
Listing Agency:
United National Realty
(718) 979-8000
Listed By:
Michael Dukhovny
(718) 979-8000
Added: Feb 19
Changed: Aug 2
Last Checked: Aug 12 at 3:06AM
MLS# 2600886
Copyright © 2026 Staten Island Board of Realtors. 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 duplex includes a full medical office on the ground level and a second floor that is currently leased. The ground-floor medical office offers a reception and waiting area, a lab area, three exam rooms, and two bathrooms. The property totals 2,108 square feet and was built in 1970, with stucco construction. Heating is provided by forced air natural gas, with central air cooling, and there is off-street parking.
The property is located at 3767 Richmond Avenue in Staten Island, in a high-visibility area described as “doctor’s row” of Richmond Ave. It is served by a public sewer.
The lot is extra deep at 40x138, supporting additional buildable area. The facility FAR is 1 and residential FAR is .75; consult your architect regarding redevelopment considerations.
The property is located at 3767 Richmond Avenue in Staten Island, in a high-visibility area described as “doctor’s row” of Richmond Ave. It is served by a public sewer.
The lot is extra deep at 40x138, supporting additional buildable area. The facility FAR is 1 and residential FAR is .75; consult your architect regarding redevelopment considerations.
Key Highlights
- Second floor currently leased; ground‑floor medical office currently vacant
- Ground‑floor medical office includes reception and waiting, lab area, 3 exam rooms, and 2 bathrooms
- Zoned R3A; duplex totals 2,108 SF with stucco construction (built 1970)
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
$52,090
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
5.48%
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%
$1,041,800
$1.0M
Cap Rate 7%
$744,143
$744.1K
Cap Rate 9%
$578,778
$578.8K
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
$80.9K $38.40/SF
− Vacancy
−$6.5K −$3.10/SF
EGI
$74.4K $35.30/SF
− OpEx
−$22.3K −$10.59/SF
NOI
$52.1K $24.71/SF
Area
ZIP 10312
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,041,800
Cap Rate 7%
$744,143
Cap Rate 9%
$578,778
Alternative Uses
Best Use
Multifamily LT 5
$744.1K
$651.1K – $868.2K
NOI $52,090 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$654.7K
$572.9K – $763.8K
NOI $45,829 @ 7.0% cap · market cap 4.82%
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
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex zoned R3A with vacant ground-floor medical office and leased second floor.
Where is this duplex located?
The property is located at 3767 Richmond Avenue 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: Second floor currently leased; ground‑floor medical office currently vacant; Ground‑floor medical office includes reception and waiting, lab area, 3 exam rooms, and 2 bathrooms; Zoned R3A; duplex totals 2,108 SF with stucco construction (built 1970)
