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15 1st St 3,269 SF 100% Leased Office Building Staten Island, NY 10306 $1,500,000 ($458.86/SF) 6.20% Cap Rate
Executive Summary
Turnkey Dental Clinic: The property is ideally equipped for use as a dental practice, with
all necessary dental office infrastructure already installed. It offers a seamless transition
for any medical professional, particularly in the dental field, looking for a fully functional
office space without the added burden of extensive renovations.
Dental Equipment: The existing setup includes state-of-the-art dental equipment,
making it an excellent option for immediate operation as a dental clinic. However,
should the new owner wish to upgrade or expand, an additional investment of
approximately $200,000 would be required for specialized dental equipment.
Mixed-Use Flexibility: This property provides a rare opportunity to combine residential
and commercial uses under one roof. The second-floor residential area could serve as an
owner’s unit, a rental space, or be further developed as part of a professional setup.
This flexibility opens up various possibilities for those seeking cash flow through
residential rentals or medical office.
all necessary dental office infrastructure already installed. It offers a seamless transition
for any medical professional, particularly in the dental field, looking for a fully functional
office space without the added burden of extensive renovations.
Dental Equipment: The existing setup includes state-of-the-art dental equipment,
making it an excellent option for immediate operation as a dental clinic. However,
should the new owner wish to upgrade or expand, an additional investment of
approximately $200,000 would be required for specialized dental equipment.
Mixed-Use Flexibility: This property provides a rare opportunity to combine residential
and commercial uses under one roof. The second-floor residential area could serve as an
owner’s unit, a rental space, or be further developed as part of a professional setup.
This flexibility opens up various possibilities for those seeking cash flow through
residential rentals or medical office.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Office
Building Size
3,269 SF
Building Class
C
Year Built
1995
Price
$1,500,000
Price Per SF
$458.86
Cap Rate
6.20%
NOI
$93,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,635 SF
Slab To Slab
12’
Building FAR
0.94
Lot Size
0.08 AC
Zoning
R3X - High density residential district
Parking
4 Spaces (1.22 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Monument Signage
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 04190-0001 | Improvements Assessment | $103,950 (2025) |
| Land Assessment | $35,550 (2025) | Total Assessment | $139,500 (2025) |
Property Taxes
Parcel Number
04190-0001
Land Assessment
$35,550 (2025)
Improvements Assessment
$103,950 (2025)
Total Assessment
$139,500 (2025)
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15 1st St
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