Renovated Mixed-Use
For Sale
Contact for pricing
664 BAY ST, Staten Island, NY 10304
Three-story property combines a retail storefront with two occupied residential apartments in a downtown Staten Island setting.
Property Size3,360 SF
Price / SF$416.37
Days on Market127
Property Features for 664 BAY ST
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Mixed Use, Land
Zoning
C 2-2
Building Details
Year Built
1931
Year Renovated
2022
Buildings
1
Stories
3
Units
3
Listing Agency:
RJM Realty Empire
Listed By:
Melsa Skrapalliu · License #NY
Source:
Crexi
Added: Apr 27
Changed: Aug 29
Last Checked: Aug 30 at 3:04PM
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 RJM Realty Empire
Investment Insights
Based on property information with market context.
This 3,360 SF mixed-use building contains one commercial storefront and two residential apartments arranged across three stories. The second- and third-floor units each offer two bedrooms and one bathroom, while the commercial space was completed in 2015. The brick building was built in 1931 and renovated in 2025, with updated roofing, windows, plumbing, and electrical systems. The retail occupant has operated from the space for more than 30 years under a month-to-month lease, and both apartments are occupied by free-market tenants.
The property is located at 664 Bay Street in the St. George area of Staten Island, near the Staten Island Ferry and public transportation. C2-2 zoning supports the property's mixed-use configuration, with commercial and residential occupancy in place.
The property is located at 664 Bay Street in the St. George area of Staten Island, near the Staten Island Ferry and public transportation. C2-2 zoning supports the property's mixed-use configuration, with commercial and residential occupancy in place.
Key Highlights
- 3,360 SF mixed‑use building with 3 stories
- One retail space plus two residential units
- Two apartments each feature 2 bedrooms and 1 bathroom
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
$76,091
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
5.44%
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%
$1,521,820
$1.5M
Cap Rate 7%
$1,087,014
$1.1M
Cap Rate 9%
$845,456
$845.5K
Market Conditions
NOI Build-Up for 3,360 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
$151.2K $45.00/SF
− Vacancy
−$12.9K −$3.83/SF
EGI
$138.3K $41.18/SF
− OpEx
−$62.3K −$18.53/SF
NOI
$76.1K $22.65/SF
Area
ZIP 10304
Vacancy
8.50%
Lease Rate
$45.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,521,820
Cap Rate 7%
$1,087,014
Cap Rate 9%
$845,456
Alternative Uses
Best Use
Apartment 5plus
$1.09M
$951.1K – $1.27M
NOI $76,091 @ 7.0% cap · market cap 5.44%
Second Best
Mixed Use
$972.0K
$850.5K – $1.13M
NOI $68,040 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,225 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,336
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 32%
Groceries 31%
Western Beef
Groceries
24,234 visits/mo
0.4 miles
McDonald's
Dining
21,227 visits/mo
0.3 miles
Speedway
Shops & Services
11,319 visits/mo
0.5 miles
Dunkin' Donuts
Dining
9,598 visits/mo
0.4 miles
Chase Bank
Shops & Services
7,184 visits/mo
0.1 miles
Demographics for 10304, NY
46,944
Population
17,524
Households
2.7
Avg Household Size
38
Median Age
31%
College-Educated
84%
High-School Grad
3.5 sq mi
ZIP Area
13,413
Density / Sq Mi
$71,506
Median Household Income
$41,752
Median Earnings
$1,516
Median Rent
$659,900
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?
Mixed-use property - Three-story property combines a retail storefront with two occupied residential apartments in a downtown Staten Island setting.
Where is this mixed-use property located?
The property is located at 664 BAY ST Staten Island, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 3,360 SF mixed‑use building with 3 stories; One retail space plus two residential units; Two apartments each feature 2 bedrooms and 1 bathroom
