Corner Retail Storefront with Two
For Sale
$1,380,000
1334 BAY ST, Staten Island, NY 10305
Corner storefront with two separate entrances and existing hookups, currently operated as an adult day center.
Property Size2,875 SF
Price / SF$480
Days on Market369
Property Features for 1334 BAY ST
General Information
Standard status
Active
Size
2,875 SF
Property subtype
General Commercial
Zoning
C1-2 and R4A
Amenities
3
Flat
R4A
Building Details
Year Built
1931
Stories
1
Listing Agency:
Momentum Real Estate LLC
Listed By:
Priscilla Tran
(718) 382-0001
Source:
Xome
Added: Sep 1, 2025
Changed: Sep 1
Last Checked: Sep 4 at 2:48AM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
Package deal sale featuring a corner retail storefront on Bay St in Staten Island. The property has two separate entrances, providing flexible access and layout options, and it includes existing hookups in place.
The building is currently used as an adult day center, supporting an owner or tenant transition to restaurant use. The site is described as having high visibility and steady traffic, and it is positioned in a dense residential area surrounded by retail, restaurants, and local businesses. The remarks also note proximity to the bridge and the beach.
Zoning is listed as C1-2 and R4A. Any possible expansion is described as subject to architect review.
The building is currently used as an adult day center, supporting an owner or tenant transition to restaurant use. The site is described as having high visibility and steady traffic, and it is positioned in a dense residential area surrounded by retail, restaurants, and local businesses. The remarks also note proximity to the bridge and the beach.
Zoning is listed as C1-2 and R4A. Any possible expansion is described as subject to architect review.
Key Highlights
- Corner storefront with two separate entrances for flexible access and layout options
- Existing hookups in place; currently operated as an adult day center
- Year built: 1931
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
$62,566
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
4.53%
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%
$1,251,320
$1.3M
Cap Rate 7%
$893,800
$893.8K
Cap Rate 9%
$695,178
$695.2K
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
$89.7K $31.20/SF
− Vacancy
−$6.3K −$2.18/SF
EGI
$83.4K $29.02/SF
− OpEx
−$20.9K −$7.25/SF
NOI
$62.6K $21.76/SF
Area
ZIP 10305
Vacancy
7.00%
Lease Rate
$31.20 /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%
$1,251,320
Cap Rate 7%
$893,800
Cap Rate 9%
$695,178
Alternative Uses
Best Use
Specialty Retail
$893.8K
$782.1K – $1.04M
NOI $62,566 @ 7.0% cap · market cap 4.53%
Second Best
Retail
$789.2K
$690.5K – $920.7K
NOI $55,243 @ 7.0% cap · market cap 4.00%
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
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
33k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 40%
Dining 10%
Electronics 2%
Market Fresh Supermarket
Groceries
13,349 visits/mo
0.4 miles
Mobil
Shops & Services
9,291 visits/mo
0.1 miles
Clean Rite Center
Shops & Services
3,297 visits/mo
0.4 miles
Pronto Pizza
Dining
2,553 visits/mo
0.5 miles
Extra Space Storage
Shops & Services
2,284 visits/mo
0.5 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner storefront with two separate entrances and existing hookups, currently operated as an adult day center.
Where is this conventional restaurant located?
The property is located at 1334 BAY ST 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: Corner storefront with two separate entrances for flexible access and layout options; Existing hookups in place; currently operated as an adult day center; Year built: 1931
