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 Market255
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
(718) 382-0001
Listed By:
Priscilla Tran
(718) 382-0001
Added: Nov 24, 2025
Changed: Aug 4
Last Checked: Aug 6 at 9:06PM
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 storefront property occupies a corner position and is currently configured as an adult day center. Two separate entrances provide distinct access points, while existing restaurant hookups support a potential restaurant configuration. The building was constructed in 1931 with block construction and a flat roof.
The property is located on Bay Street in Staten Island, within a dense residential setting surrounded by retail shops, restaurants, and local businesses. Its setting is also described as being near the bridge and beach. The 0.066-acre parcel offers a compact commercial footprint suited to the existing storefront format and its stated retail, office, restaurant, or adult day center applications.
The property is located on Bay Street in Staten Island, within a dense residential setting surrounded by retail shops, restaurants, and local businesses. Its setting is also described as being near the bridge and beach. The 0.066-acre parcel offers a compact commercial footprint suited to the existing storefront format and its stated retail, office, restaurant, or adult day center applications.
Key Highlights
- 2,875 SF storefront property on a 0.066‑acre parcel
- Corner configuration 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
$81,001
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
5.87%
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%
$1,620,020
$1.6M
Cap Rate 7%
$1,157,157
$1.2M
Cap Rate 9%
$900,011
$900.0K
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
$133.2K $46.32/SF
− Vacancy
−$25.2K −$8.75/SF
EGI
$108.0K $37.57/SF
− OpEx
−$27.0K −$9.39/SF
NOI
$81.0K $28.17/SF
Area
ZIP 10305
Vacancy
18.90%
Lease Rate
$46.32 /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%
$1,620,020
Cap Rate 7%
$1,157,157
Cap Rate 9%
$900,011
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $81,001 @ 7.0% cap · market cap 5.87%
Second Best
Specialty Retail
$893.8K
$782.1K – $1.04M
NOI $62,566 @ 7.0% cap · market cap 4.53%
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
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
734
Businesses Nearby
Under-served
Demand for This Use
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Existing restaurant hookups and dual entrances support flexible planning for retail, office, or restaurant use.
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 SF storefront property on a 0.066‑acre parcel; Corner configuration with two separate entrances; Existing restaurant hookups in place
