Contacts

Bob Knakal

BKREA

Property Details

Property Type VacantLand
Lot Size 1.14 Acre
Additional Rent Contact for pricing
Date Updated Dec 10, 2024

The site, benefiting from the 2019 rezoning of Bay Street for residential use, offers a unique chance for developers to capitalize on the burgeoning residential demand in the area. The property is currently improved by a one-story office building and a two-story mixed commercial building on a single tax lot. Upon transfer, the site will be delivered completely vacant, facilitating immediate demolition and development.BKREA has been retained on an exclusive basis to arrange for the sale of 45 Beach Street and 560 Bay Street (“The Site”), offering a prime development opportunity in the St. George neighborhood of Staten Island.

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Highlights

Opportunity Zone: An As-of-right ZFA of 119,664 square feet, located in an Opportunity Zone with approved residential rezoning from 2019, offers significant tax incentives and is perfect for high-density residential projects, meeting the growing demand in this sought-after area.
City of Yes for Housing Opportunity Zoning: Located in an area within the City's initiative which is expected to be passed in late 2024 or early 2025 will increase the ZFA to 193,569 with inclusionary housing and increase the residential FAR from 2.53 to 3.9.
Vacant Possession: The site will be delivered completely vacant, allowing immediate demolition and streamlined redevelopment.
Significant Frontage: Boasts approximately 575 feet of frontage on three sides in a prime location for development, enhanced by the unique convergence of the streets.
Excellent Connectivity: Just a 10-minute bike ride to both the new Staten Island Fast Ferry (18 minutes to Manhattan) and Staten Island Ferry, an 8-minute drive to the Verrazano-Narrows Bridge, and a 4-minute walk to the Stapleton Railroad stop, offering seamless access to Brooklyn and Manhattan.
Proximity to Waterfront: Just a 5-minute walk to the Stapleton Waterfront Park.

Attachments

45 Beach Street & 560 Bay Street Setup (PDF) opens in new window

Getting around

91/100
Walk Score ®
71/100
Transit Score ®
73/100
Bike Score ®

Powered by Walk Score ®

City New York, NY
Neighborhood Stapleton
Zip Code 10304
Market Staten Island

Points of Interest

Stapleton

0.12 miles
Clifton

0.55 miles
St. George

1.12 miles
St. George - NYC Ferry Landing

1.26 miles
Grasmere

1.76 miles
A&M Car Service

2.57 miles
Bay Ridge–95th Street

2.58 miles
Harbor View Car Service

2.59 miles
Yours Car Service

2.69 miles
Explorer Car Service

2.78 miles

BP

0.47 miles
Mobil

0.59 miles
Delta

0.66 miles
Speedway

0.73 miles
Citgo

1.11 miles
FLO

4.00 miles
ChargePoint

5.42 miles
EVgo

5.61 miles
plugNYC

5.69 miles
Tesla Destination Charger

5.83 miles

St. George Garage

0.82 miles
Lighhouse Museum Parking

0.92 miles
SP+

0.98 miles
Stadium Lot

1.26 miles
Foundation Lot

1.34 miles
Spiro Parking Lot

1.35 miles
P1

1.57 miles
P2

1.60 miles
P3

1.73 miles
P4

1.79 miles

Richmond Hotel

0.83 miles
Navy Lodge

2.18 miles
Victorian Bed & Breakfast of Staten Island

2.50 miles
Best Western Gregory Hotel

2.65 miles
avid Hotel

2.96 miles
Insignia Hotel, Ascend Hotel Collection

3.52 miles
Ruby & Emrys

3.78 miles
Quality Inn

3.80 miles
Ramada

3.87 miles
Days Inn

4.16 miles

Western Beef

0.27 miles
Key Food

0.69 miles
Top tomato Super Store

0.89 miles
C-Town

1.61 miles
Pastosa Ravioli

1.94 miles
Met

2.05 miles
Shop N Save

2.06 miles
Met Fresh Supermarket

2.41 miles
Foodtown

2.45 miles
Brooklyn Harvest Market

2.50 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

45 Beach Street & 560 Bay Street