Renovated Medical Office
New
For Sale
$1,999,999
93 New Dorp Lane, Staten Island, NY 10306
Commercial, Staten Island, NY
Property Size2,300 SF
Lot Size0.04 Acres
Price / SF$869.56
Days on Market1
Property Features for 93 New Dorp Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R3-1
Subdivision
New Dorp
Standard status
Active
Size
2,300 SF
Lot size
0.04 Acres
Building Details
Number of units
1
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
ZaiYou (Joe) Zhu
(917) 967-5966
Added: Sep 19
Last Checked: Sep 19 at 7:06PM
MLS# 504600
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 two-story masonry medical office property contains approximately 2,300 square feet of renovated professional space. The interior includes multiple treatment and consultation areas, reception and administrative zones, private offices, and a layout designed for an active practice. The offering also includes an established operating business alongside the real estate.
The property occupies an approximately 23' x 80' lot with a 23' x 50' building footprint. It fronts New Dorp Lane in Staten Island's New Dorp commercial district, with access to the New Dorp Staten Island Railway station, bus transportation, municipal parking, shopping, restaurants, banks, and professional services. R3-1 zoning is identified for the property.
The property occupies an approximately 23' x 80' lot with a 23' x 50' building footprint. It fronts New Dorp Lane in Staten Island's New Dorp commercial district, with access to the New Dorp Staten Island Railway station, bus transportation, municipal parking, shopping, restaurants, banks, and professional services. R3-1 zoning is identified for the property.
Key Highlights
- Approximately 2,300 square feet of renovated medical office space
- Two‑story masonry building on an approximately 23' x 80' lot
- 23' x 50' building footprint
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
$62,535
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
3.13%
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%
$1,250,700
$1.3M
Cap Rate 7%
$893,357
$893.4K
Cap Rate 9%
$694,833
$694.8K
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
−$21.5K −$9.35/SF
EGI
$83.4K $36.25/SF
− OpEx
−$20.8K −$9.06/SF
NOI
$62.5K $27.19/SF
Area
ZIP 10306
Vacancy
20.50%
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%
$1,250,700
Cap Rate 7%
$893,357
Cap Rate 9%
$694,833
Alternative Uses
Best Use
Office B
$893.4K
$781.7K – $1.04M
NOI $62,535 @ 7.0% cap · market cap 3.13%
Second Best
Healthcare Medical
$565.9K
$495.2K – $660.2K
NOI $39,612 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$1.10M
$960.3K – $1.28M
NOI $76,821 @ 7.0% cap · market cap 3.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,824
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 10306, NY
57,919
Population
21,299
Households
2.7
Avg Household Size
43
Median Age
34%
College-Educated
88%
High-School Grad
7.2 sq mi
ZIP Area
8,044
Density / Sq Mi
$97,746
Median Household Income
$54,052
Median Earnings
$1,743
Median Rent
$675,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story masonry property with treatment, consultation, reception, administrative, and private office areas.
Where is this medical office space located?
The property is located at 93 New Dorp Lane Staten Island, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Approximately 2,300 square feet of renovated medical office space; Two‑story masonry building on an approximately 23' x 80' lot; 23' x 50' building footprint
