194 Bay

194 Bay Street, Staten Island, NY 10301

Welcome to 194 Bay Street, a stabilized, income-producing mixed-use property ideally located in Staten Island's thriving North Shore corridor. This well-maintained building features three fully occupied residential units and a ground-floor retail space, offering immediate and consistent cash flow. The retail space, approximately 600 square feet, is leased to a reliable tenant paying 2,800 per month with four years remaining on a five-year lease term and an additional five-year option. The residential units include a stylish first-floor loft generating2,508 per month with access to a private backyard, a spacious and modern two-bedroom unit on the second floor producing 2,997 per month, featuring two fireplaces and a bright living room with direct access to a beautiful terrace ideal for entertaining, and a renovated four-bedroom unit on the third floor generating 3,000 per month. The property generates a total monthly income of 11,305, equating to an annual gross income of 135,660. With total yearly expenses of approximately 19,400, the net operating income is abou116,260, making this an exceptional investment opportunity with high returns and minimal work required. Perfectly positioned just minutes from the Staten Island Ferry, this prime location offers easy access to Manhattan, along with close proximity to popular restaurants, cafes, shopping centers, parks, schools, and major transportation. Located in a vibrant and rapidly growing neighborhood, this property combines strong residential demand with excellent commercial visibility, making it an ideal choice for investors seeking stability and long-term growth. Directions: Victory Boulevard to Bay Street.