Mixed-Use Property with Dental
For Sale
$998,000
3996 Richmond Avenue, Staten Island, NY 10312
Two-level configuration combines a professional office with a renovated three-bedroom apartment.
Property Size2,300 SF
Days on Market292
Property Features for 3996 Richmond Avenue
General Information
Standard status
Active
Size
2,300 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
R1-2
Additional Details
Public Transit
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$6,896
Building Details
Building Size
2,300 SF
Year Built
1970
Buildings
1
Stories
2
Units
2
Tenancy
Single
Listing Agency:
Connie Profaci Realty
(718) 614-2676
Listed By:
JoAnn DellaRocca · License #30DE0539539
(718) 614-2676
Source:
Kirinny
Added: Nov 12, 2025
Changed: Aug 29
Last Checked: Aug 30 at 5:39PM
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 Connie Profaci Realty
Investment Insights
Based on property information with market context.
Located at 3996 Richmond Avenue in Staten Island, this mixed-use property has a two-level layout combining professional office space and residential accommodations. The ground level contains a six-room dental office with a waiting area, reception office, dark room, three examination rooms, laboratory, laundry room, bathroom, and garage. The office area may be converted to a six-room residential apartment.
The upper level features a renovated six-room apartment with a living room, dining room, sun porch, eat-in kitchen, two bathrooms, and three bedrooms. Built in 1970 and zoned R1-2, the property is positioned near shopping, bus and train service, and restaurants. Its address on Richmond Avenue places both the business and residential components within a mixed-use setting.
The upper level features a renovated six-room apartment with a living room, dining room, sun porch, eat-in kitchen, two bathrooms, and three bedrooms. Built in 1970 and zoned R1-2, the property is positioned near shopping, bus and train service, and restaurants. Its address on Richmond Avenue places both the business and residential components within a mixed-use setting.
Key Highlights
- Six‑room dental office with waiting area, reception office, laboratory, three examination rooms, laundry room, bathroom, and garage
- Renovated six‑room apartment with three bedrooms and two bathrooms
- Upper‑level residential layout includes living room, dining room, sun porch, and eat‑in kitchen
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
$62,928
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
6.31%
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%
$1,258,560
$1.3M
Cap Rate 7%
$898,971
$899.0K
Cap Rate 9%
$699,200
$699.2K
Market Conditions
NOI Build-Up for 2,300 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
$104.9K $45.60/SF
− Vacancy
−$21.0K −$9.12/SF
EGI
$83.9K $36.48/SF
− OpEx
−$21.0K −$9.12/SF
NOI
$62.9K $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%
$1,258,560
Cap Rate 7%
$898,971
Cap Rate 9%
$699,200
Alternative Uses
Best Use
Office B
$899.0K
$786.6K – $1.05M
NOI $62,928 @ 7.0% cap · market cap 6.31%
Second Best
Mixed Use
$650.6K
$569.3K – $759.0K
NOI $45,540 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.10M
$960.3K – $1.28M
NOI $76,821 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,087
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines a professional office with a renovated three-bedroom apartment.
Where is this mixed-use property located?
The property is located at 3996 Richmond Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Six‑room dental office with waiting area, reception office, laboratory, three examination rooms, laundry room, bathroom, and garage; Renovated six‑room apartment with three bedrooms and two bathrooms; Upper‑level residential layout includes living room, dining room, sun porch, and eat‑in kitchen
