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1256 Bay St 3 Unit Apartment Building $2,470,777 CAD ($823,592 CAD/Unit) 9.66% Cap Rate Staten Island, NY 10305

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INVESTMENT HIGHLIGHTS

heavy foot traffic
near train service

near bus service

EXECUTIVE SUMMARY

Located along Staten Islands '' Bay Street Corridor'' the proximity to Brooklyn and NYC is impeccable. Steps from your front door lands you at bus service to Brooklyn and Staten Island ferry. Minutes to train station. Seconds to reasturants and cafe's nightlife couldn't be any closer. Not only is this Legally 3 unit building fully renovated its delivered vacant! Boasting over 4500 sq feet not including the full basement. Currently zoned R3A with C1-2 overlay this allows for additional expansion of 1400sq ft consult with your architect. 2 Loft style apartments feature 10ft ceilings hardwood floors 3 bedrooms and well configured layouts. Storefront is ideal for Urgent care, Starbucks, Grocery store, Gym, Boutique, Supply house, the possibilities go on. Basement can produce additional revenue for storage or office suites. Large yard complete the space making this a smart investment with a potential of 8-10 pct. cap rate. Start your investment journey right here.

PROPERTY FACTS

Price	$2,470,777 CAD	Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Price Per Unit	$823,592 CAD	Apartment Style	Low-Rise
Sale Type	Investment	Building Class	C
Cap Rate	9.66%	Lot Size	0.07 AC
Sale Conditions	1031 Exchange Build to Suit	Building Size	4,590 SF
No. Units	3	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1931/2025
Zoning	R3A / C1-2 - Commercial overlay district that is primarily residential with commercial uses on the street level

Price	$2,470,777 CAD
Price Per Unit	$823,592 CAD
Sale Type	Investment
Cap Rate	9.66%
Sale Conditions	1031 Exchange Build to Suit
No. Units	3
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.07 AC
Building Size	4,590 SF
No. Stories	3
Year Built/Renovated	1931/2025
Zoning	R3A / C1-2 - Commercial overlay district that is primarily residential with commercial uses on the street level