Bridge Property Advisors has been exclusively hired to arrange the sale of 125 Edgewater Street, an 18+ acre waterfront development site in Rosebank, Staten Island. Ownership has completed the ULURP process and rezoned the property from M2-1 to its current zoning, R6 with a partial C2-2 overlay. The site has a total of approximately
91,409 buildable SF. Approximately 480,000 SF can be developed on the site based on the height restrictions leaving approximately 411,409 SF of additional air rights on the property.
The development will also require a Shore Public Walkway (SPW), visual corridors (VC) from the street and public landscaping. Ownership possesses a marina plan and a public landscaping plan that has been approved by the NYC Parks Department. Tax abatements are available to developers through the new 485-x Affordable Neighborhoods for New Yorkers Tax Incentive program and additional zoning benefits through the newly adopted City of Yes for Housing Opportunity (COYHO) zoning text amendment.