364 Bay St - Storefront FOR SALE


Staten Island, NY 10301- Stapleton
$14,000,000 USD
917-842-0888
364 Bay St, Staten Island, NY for Sale
$14,000,000 USD
Storefront - FOR SALE
1/5
null | 6.62% Cap Rate

364 Bay St
Staten Island, NY 10301
Stapleton


HIGHLIGHTS

  • Situated on one of Staten Island's primary commercial corridors with strong walking traffic
  • Minutes from the St. George Ferry Terminal, providing convenient access to Manhattan.
  • Surrounded by established neighborhoods and new multifamily developments that continue to increase local consumer demand.

OVERVIEW

Rare opportunity to purchase a fully occupied Shopping Center in the heart of the St. George community. Anchored by Primetime Fitness, LLC operators of 36 Crunch Fitness facilities throughout the country. Crunch recently expanded this facility by an additional 8,500 sq ft and now operate out of nearly 29,000 sq ft across 2 floors. Four additional tenants, including the US Armed Forces and Domino's complete the center. 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.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$331 USD /SF

CAP RATE

6.62%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,381 SF

ZONING

C2-3

APN/PARCEL ID

00503-0001

ASK ABOUT THIS PROPERTY

Stephen PicciurroV.I.P. Real Estate, Inc.More Info
917-842-0888

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Stephen PicciurroV.I.P. Real Estate, Inc.More Info
917-842-0888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.