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364 Bay St 42,300 SF 100% Leased Retail Building Staten Island, NY 10301 $14,000,000 ($330.97/SF) 6.62% Cap Rate
Investment Highlights
- Situated on one of Staten Island's primary commercial corridors with strong walking traffic
- Surrounded by established neighborhoods and new multifamily developments that continue to increase local consumer demand.
- Minutes from the St. George Ferry Terminal, providing convenient access to Manhattan.
Executive Summary
364 Bay Street offers investors the opportunity to acquire a well-positioned retail asset in a market with strong demographic fundamentals, limited retail supply, and significant long-term growth prospects. The property's combination of stable tenancy, strategic location, and redevelopment momentum makes it an attractive acquisition for private investors, family offices, and institutional buyers seeking exposure to the New York City outer-borough retail market.
Thousands of residential units are in various development stages along the north shore of Staten Island as well as 300,000 square feet of new office space less than 1/2 mile from the subject property. Savvy investors can take advantage of the City of Yes, potentially allowing the expansion of the center to include 150+ residential units. Please consult an architect and reach out for additional information.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- 4,316 SF
- -
- Industrial Gross
- Jul 2028
The United States Army serves as the principal land-based military branch established in 1775. Originally formed during the Revolutionary War, it has evolved into a multifaceted organization with various combat capabilities and support services. The Army's operational structure includes combat arms like Infantry and Armor, alongside support branches such as Quartermaster and Ordnance that provide logistics and equipment maintenance. With installations across Virginia and globally, the Army maintains readiness through training programs and strategic deployments while adapting to modern warfare requirements.
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- Arts, Entertainment, and Recreation
- 28,640 SF
- -
- Triple Net
- Dec 2034
Crunch Fitness started in 1989 in New York City's Greenwich Village when Doug Levine created a welcoming gym environment. The company pioneered the "No Judgments" philosophy to make fitness accessible to everyone. Over time, Crunch Fitness expanded its services to include group workouts, personal training, and diverse fitness classes. The business model combines franchised and corporate-owned locations across multiple countries. Crunch Fitness also provides virtual workout options through its Crunch+ platform, which features on-demand and live-streamed classes. The company has maintained growth through various market conditions by adapting its service offerings.
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- Accommodation and Food Services
- 1,458 SF
- -
- Triple Net
- Jun 2032
Domino’s began in 1960 as a single pizza store in Ypsilanti, Michigan, and grew from that origin into a major global pizza brand. The company focuses on making, baking, and delivering pizza through a franchise-driven model that supports household customers in the U.S. and international markets. Domino’s business also includes menu development and store design, with a history of expanding its pizza offerings and related food items over time.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Public Administration | 4,316 SF | - | Industrial Gross | Jul 2028 | |
|
|
Arts, Entertainment, and Recreation | 28,640 SF | - | Triple Net | Dec 2034 | |
|
|
Accommodation and Food Services | 1,458 SF | - | Triple Net | Jun 2032 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 00503-0001 | Improvements Assessment | $1,825,650 |
| Land Assessment | $721,350 | Total Assessment | $2,547,000 |
Property Taxes
Contact the Sale Advisor
364 Bay St