Versatile Commercial Property For
For Sale
$1,050,000
472 Netherland Ave, Staten Island, NY 10303
3870 SF commercial property suitable for various uses.
Property Size3,870 SF
Price / SF$271.32
Days on Market119
Property Features for 472 Netherland Ave
General Information
Standard status
Active
Size
3,870 SF
Property subtype
Commercial
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Mohammad A. Chohan
(718) 612-3088
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 20 at 11:02AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This is a versatile commercial property featuring 3870 square feet across two floors. The property, completely rebuilt in 2007 and recently renovated, is zoned for use group 3. It is suitable for a community center, adult or child day care center, long-term care facility, or medical office. The property is handicap accessible and equipped with a fire alarm system, security cameras, Wi-Fi, climate control, and an entrance system. The location has a walk score of 72, indicating it is very walkable, a transit score of 55, indicating good transit options, and a bike score of 47, indicating it is somewhat bikeable.
Key Highlights
- Versatile commercial property suitable for various uses
- Completely rebuilt in 2007 and recently renovated
- Large 3870 square foot space on two floors
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
$88,608
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
8.44%
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%
$1,772,160
$1.8M
Cap Rate 7%
$1,265,829
$1.3M
Cap Rate 9%
$984,533
$984.5K
Market Conditions
NOI Build-Up for 3,870 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
$148.6K $38.40/SF
− Vacancy
−$30.5K −$7.87/SF
EGI
$118.1K $30.53/SF
− OpEx
−$29.5K −$7.63/SF
NOI
$88.6K $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 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%
$1,772,160
Cap Rate 7%
$1,265,829
Cap Rate 9%
$984,533
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,608 @ 7.0% cap · market cap 8.44%
Second Best
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,756 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,259 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10303, NY
28,155
Population
9,580
Households
2.9
Avg Household Size
34
Median Age
30%
College-Educated
83%
High-School Grad
3.2 sq mi
ZIP Area
8,798
Density / Sq Mi
$79,429
Median Household Income
$49,072
Median Earnings
$1,520
Median Rent
$457,600
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.
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Frequently Asked Questions
What type of property is this?
Day care center - 3870 SF commercial property suitable for various uses.
Where is this day care center located?
The property is located at 472 Netherland Ave Staten Island, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Versatile commercial property suitable for various uses; Completely rebuilt in 2007 and recently renovated; Large 3870 square foot space on two floors
