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Opportunity Zone
Bay Street Value Add
Mixed Use | 3,700 SF
Listing Contacts
License: 10491208878
License: NY 18189
Active
Asking Price: $920,000
Earnest Money Deposit: 10% min.
Address
194 Bay St, Staten Island, NY 10301
Show on MapDate Added
Mar 28, 2025
Days on Market
49 days
Time Since Last Update
2 days
Details
Property TypeMixed Use
SubtypeMultifamily, Retail
Investment TypeValue Add
Lease TypeGross
Tenant CreditNo Credit Rating
TenancySingle
Lease Term5 years
Remaining Term4 years
Square Footage3,700
Price/Sq Ft$248.65
Pro-Forma Cap Rate10.12%
Occupancy66%
NOI$45,941
Pro-Forma NOI$93,979
Units3
Year Built1910
Year Renovated2015
Buildings1
Stories3
ZoningR3-2/C1-2
Lot Size (sq ft)2,500
Rent Bumps5%
Broker Co-OpYes
APN498-60
Price/Unit$306,666.67
Lease Options5 Year
Ground LeaseNo
OwnershipPrivate
INTELLIGENCEMarketing Description
Ozana Realty Group is pleased to exclusively present 194 Bay Street, a stabilized, income-producing mixed-use property located in Staten Island’s thriving North Shore corridor. The property features three residential units and one ground-floor retail space totaling approximately 600 SF.
The retail space is leased to a reliable tenant with 4 years remaining on a 5-year initial term, plus a 5-year option period with 5% annual rent increases, providing built-in escalations and long-term income stability.
Located just minutes from the Staten Island Ferry, Empire Outlets, and various waterfront developments, 194 Bay Street is ideally situated for continued growth and tenant demand. With upside in residential rents and long-term stability from the commercial lease, this property offers a rare opportunity to acquire a high-yield, low-maintenance asset in a rapidly evolving market.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$45,941.00
$3,828.42/mo
Valuation Metrics
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0
DSCR
4.99%
Cap Rate
4.99%
ROI
Property History
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Due Diligence
Listing Contacts
- License: 10491208878
- License: NY 18189
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