Two-Story Day Care
For Sale
$999,000
472 Netherland Avenue, Staten Island, NY 10303
Commercial, Staten Island, NY
Property Size3,870 SF
Lot Size0.08 Acres
Price / SF$258.14
Days on Market326
Property Features for 472 Netherland Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3-2
Basement
Finished
Subdivision
Mariners Harbor
Standard status
Active
Size
3,870 SF
Lot size
0.08 Acres
Amenities
handicap accessible
fire alarm system
security cameras
wifi
climate control
entrance system
Building Details
Number of units
2
Flooring type
Hardwood
Building materials
Block, Wood Frame
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Mohammad A. Chohan
(718) 612-3088
Added: Oct 1, 2025
Changed: Aug 20
Last Checked: Aug 22 at 1:06PM
MLS# 496201
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.
Investment Insights
Based on property information with market context.
This 3,870-square-foot commercial property occupies two floors and was completely rebuilt in 2007, with additional recent renovation work. The space is described for community center operations, adult or child day care, long-term care, and medical office use. Accessibility features include handicap access, while building systems include climate control, a fire alarm, security cameras, Wi-Fi, and an entrance system.
The property is located at 472 Netherland Avenue in Staten Island, New York. R3-2 zoning and use group 3 are identified in the property information. Construction includes block and wood-frame components, with hardwood flooring noted among the interior finishes.
The property is located at 472 Netherland Avenue in Staten Island, New York. R3-2 zoning and use group 3 are identified in the property information. Construction includes block and wood-frame components, with hardwood flooring noted among the interior finishes.
Key Highlights
- 3,870 square feet across two floors
- Completely rebuilt in 2007 with recent renovations
- R3‑2 zoning with use group 3
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
8.87%
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 8.87%
Second Best
Healthcare Medical
$1.18M
$1.03M – $1.38M
NOI $82,756 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,259 @ 7.0% cap · market cap 12.94%
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.
Similar Off Market Nearby
- Rose Day Care — 104 Birch Rd, Staten Island, NY 10303
- Treehouse Daycare — 20 Carol Pl, Staten Island, NY 10303
- Your Group Family Day Care — 19 Cedarwood Ct, Staten Island, NY 10303
- Creative Learning Academy - Mariner’s Harbor — 1890 Forest Ave, Staten Island, NY 10303
- New York Center for Interpersonal Development, Inc. @ PS 861 — 280 Regis Dr, Staten Island, NY 10314
Frequently Asked Questions
What type of property is this?
Day care center - Renovated commercial space with accessibility features and building systems suited to care and medical-oriented operations.
Where is this day care center located?
The property is located at 472 Netherland Avenue Staten Island, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 3,870 square feet across two floors; Completely rebuilt in 2007 with recent renovations; R3‑2 zoning with use group 3
