Four-Unit Mixed-Use
New
For Sale
$1,499,000
1090 Bay Street, Staten Island, NY 10305
Fully occupied asset with commercial space and two one-bedroom apartments under current leases.
Property Size2,912 SF
Days on Market6
Property Features for 1090 Bay Street
General Information
Standard status
Active
Size
2,912 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$6,463
Building Details
Building Size
2,912 SF
Year Built
1899
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Nicholas Caravella · License #2439324
Source:
Wonicarealtors
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 21 at 6:06AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
Located at 1090 Bay Street in Staten Island’s Rosebank section, this mixed-use property contains four units: two commercial spaces and two one-bedroom apartments. The residential and commercial components provide a combined configuration within a single income-producing asset, and each unit has its own utility service.
All four units are occupied, with current leases in place. The property sits along Bay Street within an established retail and professional corridor, with access to major transportation routes and proximity to the Verrazzano-Narrows Bridge. Constructed in 1899, the building offers a combination of commercial and residential occupancy in a well-established Staten Island setting.
All four units are occupied, with current leases in place. The property sits along Bay Street within an established retail and professional corridor, with access to major transportation routes and proximity to the Verrazzano-Narrows Bridge. Constructed in 1899, the building offers a combination of commercial and residential occupancy in a well-established Staten Island setting.
Key Highlights
- Four total units: two commercial spaces and two one‑bedroom apartments
- All units are currently occupied
- Separate utilities serve each unit
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
$76,455
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
5.10%
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%
$1,529,100
$1.5M
Cap Rate 7%
$1,092,214
$1.1M
Cap Rate 9%
$849,500
$849.5K
Market Conditions
NOI Build-Up for 2,912 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
$118.8K $40.80/SF
− Vacancy
−$9.6K −$3.29/SF
EGI
$109.2K $37.51/SF
− OpEx
−$32.8K −$11.25/SF
NOI
$76.5K $26.26/SF
Area
ZIP 10305
Vacancy
8.07%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,529,100
Cap Rate 7%
$1,092,214
Cap Rate 9%
$849,500
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$955.7K – $1.27M
NOI $76,455 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$1.00M
$879.3K – $1.17M
NOI $70,342 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,261 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied asset with commercial space and two one-bedroom apartments under current leases.
Where is this mixed-use property located?
The property is located at 1090 Bay Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Four total units: two commercial spaces and two one‑bedroom apartments; All units are currently occupied; Separate utilities serve each unit
