Four-Unit Mixed-Use
New
For Sale
$1,499,000
1090 Bay Street, Staten Island, NY 10305
MULTI_FAMILY - Staten Island, NY
Property Size2,912 SF
Lot Size0.06 Acres
Price / SF$514.77
Days on Market5
Property Features for 1090 Bay Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
R3A
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 4
Parking features
On Street
Basement
Unfinished, Full
Subdivision
Rosebank
Standard status
Active
APN
02845-0043
Size
2,912 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6463
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1899
Floors in Building
2
Number of units
4
Building materials
Asbestos
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Nicholas Caravella · License #2439324
(718) 987-7900
Added: Aug 17
Changed: Aug 18
Last Checked: Aug 21 at 3:06AM
MLS# 2604659
Copyright © 2026 Staten Island Board of Realtors. 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 mixed-use property contains 2,912 square feet arranged as four total units: two commercial spaces and two one-bedroom residential apartments. All units are occupied, with separate utilities and current leases in place. The property was built in 1899 and has natural gas hot-water heating, public sewer service, and on-street parking. Construction materials include asbestos.
Located at 1090 Bay Street in Rosebank, the property sits within a retail and professional corridor in Staten Island. The site carries R3A zoning and occupies 0.0597 acres. Its Bay Street position provides access to major transportation routes and proximity to the Verrazzano-Narrows Bridge.
Located at 1090 Bay Street in Rosebank, the property sits within a retail and professional corridor in Staten Island. The site carries R3A zoning and occupies 0.0597 acres. Its Bay Street position provides access to major transportation routes and proximity to the Verrazzano-Narrows Bridge.
Key Highlights
- 2,912‑square‑foot mixed‑use property on 0.0597 acres
- Four total units: two commercial spaces and two one‑bedroom apartments
- Fully occupied with current leases 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
$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
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
826
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 separate utilities serving commercial and residential units.
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: 2,912‑square‑foot mixed‑use property on 0.0597 acres; Four total units: two commercial spaces and two one‑bedroom apartments; Fully occupied with current leases in place
