Map of Property

MIXED-USE ASSET WITH UPSIDE NEAR NYC

For Sale

1186 Bay St, Staten Island, NY 10305

This Staten Island property for sale is located at 1186 Bay St. The general use of MIXED-USE ASSET WITH UPSIDE NEAR NYC is retail and it incorporates 2,240 square feet of class C retail space. Contact the listing broker for details on the current sale price for MIXED-USE ASSET WITH UPSIDE NEAR NYC. MIXED-USE ASSET WITH UPSIDE NEAR NYC is situated on a lot that is 2,578 acre in size.

Contacts

broker

Steven Stoehrer

SVN | Stora Realty

Property Details

  • Property Type Retail - Street Retail
  • Property Size 2,240 SF
  • Units 3
  • Lot Size 2,578 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1930
  • Date Updated Feb 27, 2024
1186 Bay Street sits in Rosebank, a quaint neighborhood close to the Verrazzano Bridge (Interstate 278) and the Staten Island Ferry. The property has unrivaled exposure on Bay Street, with a traffic count of over 13,500 vehicles daily. In addition, the property boasts excellent foot traffic and easy access to public transportation, offering quick commutes. 1186 Bay Street allows convenient access to all other parts of Staten Island, New York City, Brooklyn, Queens, and Long Island. This busy area includes residential streets and commercial districts with national brands like Dunkin’, Taco Bell, The Home Depot, and Family Dollar. The property is also a few blocks from the waterfront, parks, and schools. Staten Island is a diverse area offering a suburban feel with ample green space and proximity to New York City. Staten Island is a diverse area offering a suburban feel with ample green space and proximity to New York City. The residential vacancy rate in the submarket stands at 1.1%, below the New York metro average of 2.6%. The asking rent in the submarket is around $1,790/unit, below the metro average of $3,070/unit. With vacancy levels tight, owners have continued to push rents upward and do not offer concessions in most cases. The retail rates have increased by a cumulative 7.2% in the past three years. 1186 Bay Street is an excellent mixed-use investment opportunity and owner/user asset with tremendous upside in a stable market.1186 Bay Street is a 2,240-square-foot, two-story, mixed-use property in Staten Island that was recently renovated in 2020. The asset features a unit mix of ground floor storefront retail and two Free Market residential units on the above floor with a one-bedroom/one-bathroom and a three-bedroom/one-bathroom unit mix. The submarket’s demand drivers include strong income levels, a large workforce, and a dense population of 269,473 with a median household income of nearly $80,000 within a 3-mile radius. 1186 Bay Street offers investors significant upside through the lease-up of units in a submarket with high demand for residential and retail space.

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Highlights

  • Recently renovated, 2,240-square-foot, two-story mixed-use asset with ground-floor storefront retail space and two Free Market residential units.
  • Offers investors significant upside through the lease-up of units in a submarket with high demand for residential and retail.
  • Dynamically situated in a densely populated area with 269,473 residents, a strong median household income of nearly $80,000.
  • Asset boasts easy access to public transportation and exposure to over 13,500 vehicles daily along Bay Street.
  • Close to national brands, parks, schools, and major retail outlets like Dunkin’, Family Dollar, Taco Bell, and The Home Depot.
  • Near Interstate 278, making it easy to commute to Staten Island, New York City, Brooklyn, Queens, Long Island, and beyond.

Getting around

  • 87/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 59/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Staten Island, NY
  • Neighborhood Rosebank
  • Zip Code 10305
  • Market Staten Island

Points of Interest

  • Clifton

    0.57 miles

  • Stapleton

    1.05 miles

  • Grasmere

    1.20 miles

  • Bay Ridge–95th Street

    1.86 miles

  • Harbor View Car Service

    1.88 miles

  • A&M Car Service

    1.93 miles

  • St. George

    2.08 miles

  • St. George - NYC Ferry Landing

    2.24 miles

  • Dongan Hills

    2.35 miles

  • Yours Car Service

    2.46 miles

  • Mobil

    0.39 miles

  • Speedway

    0.39 miles

  • Citgo

    1.08 miles

  • BP

    1.09 miles

  • FLO

    3.97 miles

  • ChargePoint

    4.44 miles

  • EVgo

    4.84 miles

  • Tesla Destination Charger

    4.85 miles

  • plugNYC

    5.76 miles

  • Tesla Supercharger

    6.66 miles

  • Lot 1

    1.44 miles

  • Foundation Lot

    1.50 miles

  • Spiro Parking Lot

    1.55 miles

  • Stadium Lot

    1.56 miles

  • Lot 2

    1.63 miles

  • Lot 3

    1.83 miles

  • St. George Garage

    1.86 miles

  • Lighhouse Museum Parking

    1.88 miles

  • Lot 4

    1.95 miles

  • SP+

    2.02 miles

  • New Win Hing Chinese Restaurant

    0.01 miles

  • J's On The Bay

    0.02 miles

  • Bubbakoo's Burritos

    0.07 miles

  • Dunkin'

    0.07 miles

  • Tony's Brick Oven

    0.08 miles

  • Bagels by the Bay

    0.09 miles

  • Don Cheech

    0.15 miles

  • Yummy Taco

    0.18 miles

  • Bayou

    0.20 miles

  • Salmon Sushi

    0.21 miles

  • Top tomato Super Store

    0.23 miles

  • C-Town

    1.07 miles

  • Western Beef

    1.30 miles

  • Met

    1.36 miles

  • Shop N Save

    1.36 miles

  • Met Fresh Supermarket

    1.70 miles

  • Key Food

    1.71 miles

  • Foodtown

    1.84 miles

  • The Fresh Market

    1.89 miles

  • Post Exchange

    2.03 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Steven Stoehrer

SVN | Stora Realty