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194 Bay St
Staten Island, NY 10301
194 Bay Street · Commerce de détail Propriété À vendre
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FAITS SAILLANTS DE L'INVESTISSEMENT
- High Return Value Add
- Emerging Market
- Public Infrastructure Upgrades
- Close Proximity to Public Transit
- Surrounded by New Development
RÉSUMÉ DE L'ANNONCE
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.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
3 700 pi²
Classe d’immeuble
B
Année de construction
1910
Prix
1 268 616 $ CAD
Prix par pi²
342,87 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
3 étages
Coefficient d’occupation des sols de l’immeuble
1,48
Taille du lot
0,06 AC
Zone de développement économique
Oui
Zonage
R3-2/C1-2 - Usage mixte à faible densité
Façade
25’ sur Bay Street
COMMODITÉS
- Affichage
Impôts fonciers
| Numéro de lot | 00498-0060 | Évaluation des bâtiments | 66 746 $ CAD |
| Évaluation du terrain | 1 317 $ CAD | Évaluation totale | 68 063 $ CAD |
Impôts fonciers
Numéro de lot
00498-0060
Évaluation du terrain
1 317 $ CAD
Évaluation des bâtiments
66 746 $ CAD
Évaluation totale
68 063 $ CAD
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