Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5 Bay St Staten Island, NY 10301

    • Medical offices
    • 25,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2770559
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Medical offices

    Property Details for 5 Bay St

    Year built
    2022
    Property size
    25,000 SF
    Property type
    Medical offices

    Description

    This exceptional 25,000-square-foot medical office space is available for lease in a brand-new, state-of-the-art mixed-use development at Lighthouse Point on Bay Street in Richmond County. Built in 2022, this single-tenant space offers a private lobby entrance and elevator access to a completely open floor plan, ready for immediate build-out to suit your specific needs. Enjoy breathtaking Manhattan skyline and New York Harbor views from the second floor. The building boasts ample tenant parking and a spectacular signage opportunity on Bay Street, providing excellent visibility. This prime location offers convenient access to the Staten Island Railway, ferry, local buses, and the new fast ferry, placing your business near the courthouse and the borough's largest concentration of office space. The surrounding development includes over 100 residential apartments, retail shops, and restaurants, creating a vibrant and convenient environment for your practice. Minimum lease is 10,000 square feet, with the entire 25,000 square feet available. ADA accessibility is included. This is a unique opportunity to establish your business in one of Staten Island's most desirable locations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.0751628
    Latitude
    40.6418942

    Comparable in this City

    • New
      $2,300 /Mo
      900 SF

      Staten Island Commercial Office Space

      900 SF commercial space suitable for medical or other offices.
      1313 Clove Rd, Staten Island, NY 10301
      View Details
    • $6,500 /Mo
      1,270 SF

      Staten Island Commercial Space Available

      Unfinished commercial spaces in prime St. George neighborhood for lease.
      224 Richmond Ter, Staten Island, NY 10301
      View Details
    • $8,800 /Mo
      2,810 SF

      Staten Island Commercial Space Available

      Unfinished commercial spaces in prime St. George neighborhood for lease.
      224 Richmond Ter, Staten Island, NY 10301
      View Details
    • New
      $3,700 /Mo
      760 SF

      Staten Island Commercial Space Available

      Unfinished commercial spaces in prime St. George neighborhood for lease.
      224 Richmond Ter, Staten Island, NY 10301
      View Details
    • $29 SF/Yr
      1,200 SF

      Richmond Terrace Retail Space

      Prime Staten Island Retail/Office Opportunity
      776 Richmond Ter, Staten Island, NY 10301
      View Details
    • $30 SF/Yr
      81,000 SF

      Prime Staten Island Office Space

      Class A Office Suites, St. George
      120 Stuyvesant Pl, Staten Island, NY 10301
      View Details

    Similar Nearby for Sale

    • $169,000

      Staten Island Office Building Opportunity

      High-income potential, busy location.
      418 Jersey St, Staten Island, NY 10301
      View Details
    • $5,183,000
      8,928 SF

      Net-Leased School - Covered Land Opportunity

      Net-Leased School - Covered Land Opportunity
      450 St Marks Pl, Staten Island, NY 10301
      View Details
    • $1,299,000
      2,890 SF

      Staten Island Multifamily Investment

      Spacious 5-story home, excellent rental potential.
      285 Stanley Ave, Staten Island, NY 10301
      View Details
    • $1,100,000
      6,480 SF

      Jersey St Church

      Schools • 6,480 SF
      386 Jersey St, Staten Island, NY 10301
      View Details
    • $590,000
      Pending

      Water View Land Opportunity

      Vacant land with potential for custom home with water views.
      Howard Ave, Staten Island, NY 10301
      View Details
    • $124,900
      0.13 Acres

      Staten Island Land For Sale

      Land in Stapleton, close to transportation and amenities.
      St Pauls Ave, Staten Island, NY 10301
      View Details

    Similar Nearby for Lease

    • New
      $2,300 /Mo
      900 SF

      Staten Island Commercial Office Space

      900 SF commercial space suitable for medical or other offices.
      1313 Clove Rd, Staten Island, NY 10301
      View Details
    • New
      $3,700 /Mo
      760 SF

      Staten Island Commercial Space Available

      Unfinished commercial spaces in prime St. George neighborhood for lease.
      224 Richmond Ter, Staten Island, NY 10301
      View Details
    • $6,500 /Mo
      1,270 SF

      Staten Island Commercial Space Available

      Unfinished commercial spaces in prime St. George neighborhood for lease.
      224 Richmond Ter, Staten Island, NY 10301
      View Details
    • $8,800 /Mo
      2,810 SF

      Staten Island Commercial Space Available

      Unfinished commercial spaces in prime St. George neighborhood for lease.
      224 Richmond Ter, Staten Island, NY 10301
      View Details
    • $30 SF/Yr
      81,000 SF

      Prime Staten Island Office Space

      Class A Office Suites, St. George
      120 Stuyvesant Pl, Staten Island, NY 10301
      View Details
    • $29 SF/Yr
      1,200 SF

      Richmond Terrace Retail Space

      Prime Staten Island Retail/Office Opportunity
      776 Richmond Ter, Staten Island, NY 10301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5 Bay St
    Staten Island, NY 10301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.