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194 Bay St
Staten Island, NY 10301
194 Bay Street · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Return Value Add
- Emerging Market
- Public Infrastructure Upgrades
- Close Proximity to Public Transit
- Surrounded by New Development
EXECUTIVE SUMMARY
Ozana Realty Group is pleased to exclusively present 194 Bay Street, a stabilized, income-producing mixed-use property located in Staten Island’s thriving North Shore corridor. The property features three residential units and one ground-floor retail space totaling approximately 600 SF. Minimal work required for transforming the property into an incredible return.
The retail space is leased to a reliable tenant with 4 years remaining on a 5-year initial term, plus a 5-year option period with 5% annual rent increases, providing built-in escalations and long-term income stability.
Investment Highlights:
Pro Forma Cap Rate: 10.12%
Pro Forma CoC Return: 11.84%
Renovation Yield on Cost: 49.42%
Post-Reno Cash Flow: $48,186
Retail Tenant in Place: 4 years remaining + 5-year option with 5% annual bumps
Bonus Residential Unit Included
Minimal CapEx Requirement: $9,000 total
Pro Forma DSCR: 2.05x
Located just minutes from the Staten Island Ferry, Empire Outlets, and various waterfront developments, 194 Bay Street is ideally situated for continued growth and tenant demand. With upside in residential rents and long-term stability from the commercial lease, this property offers a rare opportunity to acquire a high-yield, low-maintenance asset in a rapidly evolving market.
The retail space is leased to a reliable tenant with 4 years remaining on a 5-year initial term, plus a 5-year option period with 5% annual rent increases, providing built-in escalations and long-term income stability.
Investment Highlights:
Pro Forma Cap Rate: 10.12%
Pro Forma CoC Return: 11.84%
Renovation Yield on Cost: 49.42%
Post-Reno Cash Flow: $48,186
Retail Tenant in Place: 4 years remaining + 5-year option with 5% annual bumps
Bonus Residential Unit Included
Minimal CapEx Requirement: $9,000 total
Pro Forma DSCR: 2.05x
Located just minutes from the Staten Island Ferry, Empire Outlets, and various waterfront developments, 194 Bay Street is ideally situated for continued growth and tenant demand. With upside in residential rents and long-term stability from the commercial lease, this property offers a rare opportunity to acquire a high-yield, low-maintenance asset in a rapidly evolving market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,700 SF
Building Class
B
Year Built
1910
Price
$1,273,740 CAD
Price Per SF
$344.25 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.48
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
R3-2/C1-2 - Mix- Use Low Density
Frontage
25’ on Bay Street
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 00498-0060 | Improvements Assessment | $66,799 CAD |
| Land Assessment | $1,318 CAD | Total Assessment | $68,117 CAD |
PROPERTY TAXES
Parcel Number
00498-0060
Land Assessment
$1,318 CAD
Improvements Assessment
$66,799 CAD
Total Assessment
$68,117 CAD
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