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684 Bay St 3,480 SF 50% Leased Retail Building Staten Island, NY 10304 $1,220,000 ($350.57/SF) 9.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Cash Flow
- Future Upside. City of Yes
- Balance Mix. 2 Commerical + 2 Residential Units
- Prime Bay Street Location
- Low Property Tax
EXECUTIVE SUMMARY
This two-story mixed-use building sits between the St. George Ferry and the Verrazano Bridge. It includes two (2) residential units (1–2 bedrooms) and two (2) commercial storefronts. One unit is rented at market rate; the rest are vacant. Once fully leased, the projected cap rate exceeds 8.5%.
684 Bay Street offers strong current income and promising future growth. Located in the rapidly transforming Bay Street Corridor—with major city subsidies and nearby projects like The Pearl (475 Bay St) and Lighthouse Point (35 Bay St) —this is a prime opportunity for both new and experienced investors.
With above-market average Cap rate and long-term appreciation upside, 684 Bay Street is a rare find in a rapidly evolving neighborhood—an opportunity you won’t want to miss.
684 Bay Street offers strong current income and promising future growth. Located in the rapidly transforming Bay Street Corridor—with major city subsidies and nearby projects like The Pearl (475 Bay St) and Lighthouse Point (35 Bay St) —this is a prime opportunity for both new and experienced investors.
With above-market average Cap rate and long-term appreciation upside, 684 Bay Street is a rare find in a rapidly evolving neighborhood—an opportunity you won’t want to miss.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,480 SF
Building Class
C
Year Built
1931
Price
$1,220,000
Price Per SF
$350.57
Cap Rate
9.10%
NOI
$111,020
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.14
Lot Size
0.07 AC
Zoning
R4-C2-2 - Retail stores and Convenience, Barber shops, nail salons, beauty salons Phone/electronics shops and repair, serving retail and service business
Frontage
30’ on Bay St
AMENITIES
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
800 sf of basement space with two means of egress.
Backyard access.
| Space | Size | Space Use | Position | Available |
| A | 1,600 SF | Retail | In-Line | Now |
| B | 1,350 SF | Retail | - | Now |
A
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
B
| Size |
| 1,350 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
A
| Size | 1,600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
800 sf of basement space with two means of egress.
B
| Size | 1,350 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Backyard access.
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00528-0036 | Improvements Assessment | $23,522 |
| Land Assessment | $7,018 | Total Assessment | $30,540 |
PROPERTY TAXES
Parcel Number
00528-0036
Land Assessment
$7,018
Improvements Assessment
$23,522
Total Assessment
$30,540
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684 Bay St
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