‹ Back to Listings

Status: Active

585 Bay Street, #

Stapleton-Rosebank

$1,350,555
 |  5 Beds  |  4,710SF

Description

Amazing Opportunity in Stapleton, Staten Island!!! Corner mixed-use Brick Building in a high traffic location. Great visibility / long term retail tenant / good development potential. The back extension part of the building was reconstructed 5 years ago with a new roof and parapet walls. The 2nd floor 2 bedroom apartment is newly renovated with high-end kitchen and appliances with beautiful hardwood floors and fashionable brick wall in bedroom. The apartment features high efficiency fujitsu split units for heating and cooling and 2 in 1 washer/dryer. The 3rd floor is a 3 bedroom with 1 bath with a long term Section 8 tenant. Tenant pays small portion of rent. A real money maker as-is, but has a lot of additional potential. This property will benefit from the new zoning proposed in the 'city of yes' initiative, expected to be passed in the coming months. The back of the store is currently vacant and has private access with a side entrance. The building is fitted with 2 Navien high-efficiency tankless water heaters and a Kohler 14 KW natural gas generator sits atop of the extension roof, and is scheduled to be connected to the new gas line in 30 days. At present the property operates comfortably at a 7 pct cap rate.

Property Details

  • Commercial

Amenities

  • Cooling: Central Air
  • Attendance: None
  • Building Laundry: See Remarks
  • Building Pets: Building No
  • Pets: Unit Cats O K, Unit Dogs O K

The Neighborhood

STAPLETON-ROSEBANK
Stapleton-Rosebank

Stapleton-Rosebank Guide ›
All Neighborhoods ›

For information on 585 Bay Street, # contact:

realtor top real estate agent

Sarah Sajdak

Licensed RE Salesperson

917-496-5481

Licensed RE Salesperson
sarah@brickandmortar.com
917-496-5481

Listing courtesy of Compass
The First Name field is required.
The Last Name field is required.
The Email field is required.
The Mobile Number field is required.. Please enter a valid phone number.
All information is intended only for the visitor’s personal, noncommercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025. The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. RLS Data display by Brick & Mortar.