New Mixed-Use Building on
For Sale
Contact for pricing
1230 Bay Street, Staten Island, NY 10305
Modern mixed-use property with residential and commercial spaces.
Property Size3,750 SF
Price / SF$473.33
Days on Market158
Property Features for 1230 Bay Street
General Information
Standard status
Active
Size
3,750 SF
Property subtype
Mixed Use
Zoning
R3A
Building Details
Year Built
2024
Listing Agency:
Robert Defalco Realty
(917) 880-7818
Listed By:
Laura Vallone · License #40VA0759232
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
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.
This newly constructed mixed-use building is located in a high-visibility area on Bay Street in Staten Island. The property includes two 2-bedroom apartments on the upper levels, each featuring 1,250 square feet of space, an open-concept layout, and high ceilings. The apartments are equipped with new appliances, finished bathrooms, washer and dryer hookups, and energy-efficient split-system heating and air conditioning. The ground level provides 1,250 square feet of commercial space with high ceilings and a full bathroom, suitable for retail, office, medical, or professional use. A staircase leads to a 1,500 square foot full walk-out basement, offering additional flexible space with direct rear access. The building includes 2 private parking spaces. The total building size is 3,750 square feet, with an additional 1,500 square feet in the basement. This property presents an opportunity for investors and end users looking for an income-producing mixed-use property.
Key Highlights
- Newly constructed, state‑of‑the‑art mixed‑use building in a prime, high‑visibility location on Bay Street.
- Two modern 2‑bedroom apartments (1,250 sq ft each) feature open‑concept layouts, high ceilings, new appliances, and in‑unit washer/dryer hookups.
- 1,250 sq ft of ground‑level commercial space suitable for retail, office, medical, or professional use.
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
$105,653
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
5.95%
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%
$2,113,060
$2.1M
Cap Rate 7%
$1,509,329
$1.5M
Cap Rate 9%
$1,173,922
$1.2M
Market Conditions
NOI Build-Up for 3,750 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
$173.7K $46.32/SF
− Vacancy
−$32.8K −$8.75/SF
EGI
$140.9K $37.57/SF
− OpEx
−$35.2K −$9.39/SF
NOI
$105.7K $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%
$2,113,060
Cap Rate 7%
$1,509,329
Cap Rate 9%
$1,173,922
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,653 @ 7.0% cap · market cap 5.95%
Second Best
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,457 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$1.79M
$1.57M – $2.09M
NOI $125,251 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
734
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Modern mixed-use property with residential and commercial spaces.
Where is this mixed-use property located?
The property is located at 1230 Bay Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,775,000.
What are key features of this property?
This property features: Newly constructed, state‑of‑the‑art mixed‑use building in a prime, high‑visibility location on Bay Street.; Two modern 2‑bedroom apartments (1,250 sq ft each) feature open‑concept layouts, high ceilings, new appliances, and in‑unit washer/dryer hookups.; 1,250 sq ft of ground‑level commercial space suitable for retail, office, medical, or professional use.
