475 Bay StStaten Island, NY 10304

Property Details for 475 Bay St

Year built

2022

Lot size

1.31 AC

Property size (Sq ft)

210,310 SF

Zone code

R6

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

00488-0009

APU

4880009

Description

This exceptional retail opportunity presents three available spaces within a twelve-story building at 475 Bay Street, Staten Island, New York. Located in the vibrant Stapleton Heights neighborhood, this property boasts a total building area of 210,310 square feet, situated on a 53,422 square foot lot. The available spaces range from 1,900 to 3,300 square feet, ideal for a variety of retail businesses. The property is zoned R6 and benefits from excellent transit access, with the SIR Staten Island Railway's Stapleton station nearby, as well as convenient access to several bus lines including the S76, S51, S74, S78, S52, and S81. This prime location offers high visibility and foot traffic, surrounded by a thriving mix of established businesses. Nearby tenants include McDonald's, Coastal Supply Group, Dunkin', Bay Harbor Motors, Style Granite & Kitchen Cabinets, El Patron Restaurant & Lounge, Western Beef Supermarket, The Gallery Banquet Room, Georgies Bistro, Family Dollar, Seppe Pizza Bar, Sally's Smokehouse, Wynwood, and The Beautie Bar, creating a dynamic and attractive commercial environment. The property's strategic location between Congress Street and Wave Street ensures strong exposure and accessibility for potential customers. This is a rare opportunity to establish or expand your retail presence in a high-demand area of Staten Island. The property is located in Richmond County, New York, with a zip code of 10304.

• CAP approach

  CAP return

  Valuation

  6%

  $43,115,452

  6.5%

  $39,798,876

  7%

  $36,956,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,592,612

  Geo Method

  $42,592,612

• Alternative Use

  Use

  Valuation

  Residential

  $39,798,876

  Hospitality

  $36,455,560

  Educational

  $30,330,596

  Medical

  $31,373,712

  Retail

  $47,180,928

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6302

Longitude

-74.0761

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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