Versatile Property Near Residential
For Sale
Contact for pricing
610 Bloomingdale Road, Staten Island, NY 10309
High-visibility property suitable for education, medical, or professional services.
Property Size4,648 SF
Price / SF$516.14
Days on Market190
Property Features for 610 Bloomingdale Road
General Information
Standard status
Active
Size
4,648 SF
Property subtype
Mixed Use
Zoning
R3-1
Building Details
Year Built
1965
Listing Agency:
J Milo Real Estate
Listed By:
Eric Eremita · License #10401365568
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 2:46PM
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 J Milo Real Estate
Investment Insights
Based on property information with market context.
This versatile property, currently configured as a licensed preschool, presents an investment opportunity for continued educational use or conversion into a medical or professional office. The flexible and accessible layout is suitable for professional services, daycare, or clinical practices, and can accommodate exam rooms, administrative offices, and waiting areas. The property is located near residential areas, schools, and a nearby hospital. The existing infrastructure for bathrooms and subdivided rooms simplifies medical conversion. The zoning supports both education and healthcare services. The property size is 4648 square feet.
Key Highlights
- High visibility property suitable for continued educational use or conversion into a medical/doctor's office.
- Located near residential areas, schools, and a nearby hospital.
- Flexible, accessible layout suitable for exam rooms, administrative offices, and waiting areas.
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
$106,421
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
4.44%
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%
$2,128,420
$2.1M
Cap Rate 7%
$1,520,300
$1.5M
Cap Rate 9%
$1,182,456
$1.2M
Market Conditions
NOI Build-Up for 4,648 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
$178.5K $38.40/SF
− Vacancy
−$36.6K −$7.87/SF
EGI
$141.9K $30.53/SF
− OpEx
−$35.5K −$7.63/SF
NOI
$106.4K $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%
$2,128,420
Cap Rate 7%
$1,520,300
Cap Rate 9%
$1,182,456
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,421 @ 7.0% cap · market cap 4.44%
Second Best
Healthcare Medical
$1.42M
$1.24M – $1.66M
NOI $99,393 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,244 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10309, NY
33,523
Population
12,770
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
92%
High-School Grad
7.3 sq mi
ZIP Area
4,592
Density / Sq Mi
$123,638
Median Household Income
$67,348
Median Earnings
$1,907
Median Rent
$745,500
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
- 1275 Woodrow Road The Richmond Pre-K Center At 1275 Woodrow Road — 1275 woodrow rd, staten island, ny 10309
- Friends Preschool & Daycare — 610 Bloomingdale Rd, Staten Island, NY 10309
- United Activities Unlimited, Inc. @ P.S. 56 UAU — 250 kramer ave, staten island, ny 10309
- The Kathleen Grimm School for Leadership and Sustainability — 644 Bloomingdale Rd, Staten Island, NY 10309
- Tipse — 601 Bloomingdale Rd, Staten Island, NY 10309
Frequently Asked Questions
What type of property is this?
Day care center - High-visibility property suitable for education, medical, or professional services.
Where is this day care center located?
The property is located at 610 Bloomingdale Road Staten Island, NY.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: High visibility property suitable for continued educational use or conversion into a medical/doctor's office.; Located near residential areas, schools, and a nearby hospital.; Flexible, accessible layout suitable for exam rooms, administrative offices, and waiting areas.
