Mixed-Use Income
665 Bay Street Staten Island, NY 10304
For Sale
Contact for pricing
R4-mixed-use property with two apartments and one fully occupied commercial storefront.
Property Size2,925 SF
Price / SF$427.35
Days on Market152
Property Features for 665 Bay Street
General Information
- Standard status
- Active
- Size
- 2,925 SF
- Property subtype
- Business for Sale, Multifamily
Building Details
- Year Built
- 1920
Listing Agency:
Coldwell Banker Advantage
Listed By:
Hiram Oquendo · License #NY 10401307928
Source:
Crexi
Added: Feb 24
Changed: Jul 22
Last Checked: Jul 23 at 11:48AM
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 Coldwell Banker Advantage
Investment Insights
Based on property information with market context.
This mixed-use, R4-zoned property at 665 Bay Street consists of (2) apartments and (1) commercial storefront, fully occupied and generating income. The configuration provides both residential and street-level retail component(s) within a single asset.
The property is located on the Bay Street corridor on Staten Island, with a short commute to the Staten Island ferry. The surrounding area is described as being served by major mass transit options, including buses and trains, along with a range of local businesses and restaurants.
The seller notes the property can be sold separately or as a package with 671 & 675 Bay Street.
The property is located on the Bay Street corridor on Staten Island, with a short commute to the Staten Island ferry. The surrounding area is described as being served by major mass transit options, including buses and trains, along with a range of local businesses and restaurants.
The seller notes the property can be sold separately or as a package with 671 & 675 Bay Street.
Key Highlights
- 1920‑built mixed‑use R4 property with 2 apartments and 1 commercial storefront
- All 3 units are fully occupied, generating income immediately
- Commercial storefront and apartments make up the property’s current rental configuration
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.3k | $38.40 |
| − Vacancy | −$9.1k | −$3.10 |
| EGI | $103.3k | $35.30 |
| − OpEx | −$31.0k | −$10.59 |
| NOI | $72.3k | $24.71 |
2,925 SF · lease $38.40/SF/yr · vacancy 8.07% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$903.5K – $1.20M
NOI $72,279 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$946.3K
$828.0K – $1.10M
NOI $66,240 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,696 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - R4-mixed-use property with two apartments and one fully occupied commercial storefront.
Where is this duplex located?
The property is located at 665 Bay Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1920‑built mixed‑use R4 property with 2 apartments and 1 commercial storefront; All 3 units are fully occupied, generating income immediately; Commercial storefront and apartments make up the property’s current rental configuration
