Corner Storefront
For Sale
$1,380,000
1221 Bay Street, Staten Island, NY 10305
Commercial, Staten Island, NY
Property Size2,875 SF
Lot Size0.07 Acres
Price / SF$480
Days on Market289
Property Features for 1221 Bay Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R4A
Subdivision
Rosebank
Standard status
Active
Size
2,875 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
12979
Amenities
existing hookups
two separate entrances
Building Details
Year built
1931
Floors in Building
1
Number of units
2
Building materials
Block
Roof type
Flat
Listing Agency:
Momentum Real Estate LLC
Listed By:
Priscilla Tran
(718) 382-0001
Added: Nov 24, 2025
Changed: Sep 5
Last Checked: Sep 9 at 7:06PM
MLS# 497529
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 2,875-square-foot corner storefront building offers two separate entrances that can support distinct access points and adaptable interior circulation. The property is currently used as an adult day center and includes existing restaurant hookups. Built in 1931, the structure features block construction and a flat roof.
Located at 1221 Bay Street in Staten Island, the property sits among retail shops, restaurants, and local businesses within a dense residential setting. Its position near the bridge and beach adds established surrounding context for a range of commercial uses, including retail, office, restaurant, and adult day center operations.
Located at 1221 Bay Street in Staten Island, the property sits among retail shops, restaurants, and local businesses within a dense residential setting. Its position near the bridge and beach adds established surrounding context for a range of commercial uses, including retail, office, restaurant, and adult day center operations.
Key Highlights
- 2,875 square feet of storefront commercial space
- Corner property with two separate entrances
- Existing restaurant hookups in place
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
$62,566
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
4.53%
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%
$1,251,320
$1.3M
Cap Rate 7%
$893,800
$893.8K
Cap Rate 9%
$695,178
$695.2K
Market Conditions
NOI Build-Up for 2,875 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
$89.7K $31.20/SF
− Vacancy
−$6.3K −$2.18/SF
EGI
$83.4K $29.02/SF
− OpEx
−$20.9K −$7.25/SF
NOI
$62.6K $21.76/SF
Area
ZIP 10305
Vacancy
7.00%
Lease Rate
$31.20 /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%
$1,251,320
Cap Rate 7%
$893,800
Cap Rate 9%
$695,178
Alternative Uses
Best Use
Specialty Retail
$893.8K
$782.1K – $1.04M
NOI $62,566 @ 7.0% cap · market cap 4.53%
Second Best
Retail
$789.2K
$690.5K – $920.7K
NOI $55,243 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,026 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 40%
Shops & Services 29%
Dining 17%
Groceries 11%
Nike Factory Store
Apparel
22,796 visits/mo
0.3 miles
H&M
Apparel
20,560 visits/mo
0.3 miles
Wendy's
Dining
17,889 visits/mo
0.4 miles
Mobil
Shops & Services
12,694 visits/mo
0.3 miles
Key Food
Groceries
12,025 visits/mo
0.3 miles
Demographics for 10305, NY
44,008
Population
16,850
Households
2.6
Avg Household Size
41
Median Age
32%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
11,002
Density / Sq Mi
$86,294
Median Household Income
$52,183
Median Earnings
$1,656
Median Rent
$627,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Two entrances and existing restaurant hookups support flexible retail, office, or restaurant occupancy.
Where is this storefront property located?
The property is located at 1221 Bay Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: 2,875 square feet of storefront commercial space; Corner property with two separate entrances; Existing restaurant hookups in place
