Medical Office Building With
New
For Sale
$1,999,999
93 New Dorp Ln, Staten Island, NY 10306
Renovated two-story medical office with treatment areas, private offices, and an established operating business included.
Property Size2,300 SF
Lot Size0.04 Acres
Price / SF$869.56
Days on Market2
Property Features for 93 New Dorp Ln
General Information
Standard status
Active
Size
2,300 SF
Lot size
0.04 Acres
Property subtype
Commercial
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$17,281
Building Details
Building Size
2,300 SF
Year Built
1920
Buildings
1
Construction
masonry
Listing Agency:
RE/MAX Edge
Listed By:
ZaiYou (Joe) Zhu · License #ZYZ1615
(718) 612-3088
Source:
Elliman
Added: Sep 21
Last Checked: Sep 21 at 2:27PM
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 RE/MAX Edge
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 on a 23' x 80' lot, with a 23' x 50' building footprint. The interior includes treatment and consultation rooms, reception and administrative areas, private offices, and supporting workspace for an active practice. The established operating business is included with the real estate offering.
The property is located at 93 New Dorp Ln in Staten Island, directly along New Dorp Lane. New Dorp Staten Island Railway station is minutes away, with access to bus transportation, municipal parking, shopping, restaurants, banks, professional services, and everyday amenities. WalkScore is 81, TransitScore is 72, and BikeScore is 62.
Built in 1920, the building offers a renovated setting for medical, healthcare, wellness, or professional use. The combination of an existing practice, dedicated office configuration, and underlying real estate supports an owner-user or healthcare operator seeking an established commercial setting.
The property is located at 93 New Dorp Ln in Staten Island, directly along New Dorp Lane. New Dorp Staten Island Railway station is minutes away, with access to bus transportation, municipal parking, shopping, restaurants, banks, professional services, and everyday amenities. WalkScore is 81, TransitScore is 72, and BikeScore is 62.
Built in 1920, the building offers a renovated setting for medical, healthcare, wellness, or professional use. The combination of an existing practice, dedicated office configuration, and underlying real estate supports an owner-user or healthcare operator seeking an established commercial setting.
Key Highlights
- Approximately 2,300 square feet of renovated medical office space
- Established operating business included with the real estate
- Two‑story masonry building with a 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
Yes
Paved road access
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated two-story medical office with treatment areas, private offices, and an established operating business included.
Where is this medical office space located?
The property is located at 93 New Dorp Ln 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; Established operating business included with the real estate; Two‑story masonry building with a 23' x 50' building footprint
