Mixed-Use Property with Retail
For Sale
$1,899,000
1201 Bay Street, Staten Island, NY 10305
The property combines a retail storefront, residential apartments, and warehouse space in one occupied building.
Property Size4,660 SF
Price / SF$407.51
Days on Market22
Property Features for 1201 Bay Street
General Information
Standard status
Active
Size
4,660 SF
Property subtype
Mixed Use
Zoning
R4A/C102
Additional Details
Corner Location
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Robert Defalco Realty
(718) 987-7900
Listed By:
Teresa Carmona
(718) 987-7900
Source:
Prideestates
Added: Aug 8
Changed: Aug 28
Last Checked: Aug 28 at 9:00PM
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
Investment Insights
Based on property information with market context.
Built in 1931, this mixed-use building brings together a retail storefront, two two-bedroom apartments, and a warehouse within the same property. The combination provides distinct retail, residential, and storage components in a single asset, with tenants currently occupying the building.
The property is located at 1201 Bay Street in Staten Island’s Rosebank area, with stated proximity to Brooklyn and New York City. Its R4A/C1-2 zoning designation is included in the property information.
The property is located at 1201 Bay Street in Staten Island’s Rosebank area, with stated proximity to Brooklyn and New York City. Its R4A/C1-2 zoning designation is included in the property information.
Key Highlights
- Retail storefront included in the building
- Two two‑bedroom apartments
- Warehouse component on the property
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
$94,365
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
4.97%
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%
$1,887,300
$1.9M
Cap Rate 7%
$1,348,071
$1.3M
Cap Rate 9%
$1,048,500
$1.0M
Market Conditions
NOI Build-Up for 4,660 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
$167.8K $36.00/SF
− Vacancy
−$16.8K −$3.60/SF
EGI
$151.0K $32.40/SF
− OpEx
−$56.6K −$12.15/SF
NOI
$94.4K $20.25/SF
Area
ZIP 10305
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,887,300
Cap Rate 7%
$1,348,071
Cap Rate 9%
$1,048,500
Alternative Uses
Best Use
Mixed Use
$1.35M
$1.18M – $1.57M
NOI $94,365 @ 7.0% cap · market cap 4.97%
Second Best
Retail
$1.28M
$1.12M – $1.49M
NOI $89,542 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$2.22M
$1.95M – $2.59M
NOI $155,645 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,242
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a retail storefront, residential apartments, and warehouse space in one occupied building.
Where is this mixed-use property located?
The property is located at 1201 Bay Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Retail storefront included in the building; Two two‑bedroom apartments; Warehouse component on the property
