Mixed-Use Building with
For Sale
Contact for pricing
1232 Bay Street, Staten Island, NY 10305
New construction pairs a street-level commercial suite with a two-bedroom residence above.
Property Size2,500 SF
Price / SF$519.56
Days on Market17
Property Features for 1232 Bay Street
General Information
Standard status
Active
Size
2,500 SF
Total Parking Spaces
2
Property subtype
Business for Sale
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Road Access
Yes
Amenities
walk-out basement
high ceilings
full bathroom
split-system HVAC
Building Details
Buildings
1
Listing Agency:
Robert Defalco Realty
Listed By:
Laura Vallone · License #40VA0759232
(917) 880-7818
Source:
Crexi
Added: Sep 21
Changed: Oct 5
Last Checked: Oct 5 at 6:50PM
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 built mixed-use property combines a 1,250-square-foot commercial space on the ground floor with one two-bedroom apartment of 1,250 square feet above. The residential unit has an open layout, high ceilings, new appliances, finished bathrooms, and split-system heating and air conditioning. A full bathroom serves the commercial space as well.
A staircase connects the building to a 1,500-square-foot walk-out basement with rear access. The property also includes two private parking spaces and is located on Bay Street in Staten Island.
A staircase connects the building to a 1,500-square-foot walk-out basement with rear access. The property also includes two private parking spaces and is located on Bay Street in Staten Island.
Key Highlights
- One 1,250‑square‑foot, two‑bedroom apartment above 1,250 square feet of ground‑floor commercial space
- 1,500‑square‑foot walk‑out basement with rear access
- Two private parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,390
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,800
$1.2M
Cap Rate 7%
$862,714
$862.7K
Cap Rate 9%
$671,000
$671.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$120.0K $48.00/SF
− Vacancy
−$10.2K −$4.08/SF
EGI
$109.8K $43.92/SF
− OpEx
−$49.4K −$19.76/SF
NOI
$60.4K $24.16/SF
Area
ZIP 10305
Vacancy
8.50%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,207,800
Cap Rate 7%
$862,714
Cap Rate 9%
$671,000
Alternative Uses
Best Use
Apartment 5plus
$862.7K
$754.9K – $1.01M
NOI $60,390 @ 7.0% cap · market cap 4.65%
Second Best
Mixed Use
$723.2K
$632.8K – $843.8K
NOI $50,625 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,501 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
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 - New construction pairs a street-level commercial suite with a two-bedroom residence above.
Where is this mixed-use property located?
The property is located at 1232 Bay Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,298,900.
What are key features of this property?
This property features: One 1,250‑square‑foot, two‑bedroom apartment above 1,250 square feet of ground‑floor commercial space; 1,500‑square‑foot walk‑out basement with rear access; Two private parking spaces
