230 Bay St - Freestanding FOR SALE


Staten Island, NY 10301- Stapleton
$2,000,000 USD
230 Bay St, Staten Island, NY for Sale
$2,000,000 USD
Freestanding - FOR SALE
1/18
null | Request Cap Rate

230 Bay St
Staten Island, NY 10301
Stapleton


HIGHLIGHTS

  • Existing 4,000 SF building offers immediate occupancy for a retail or an end-user, or interim lease income for an investor seeking to build later.
  • As-of-right ZFA of 18,000 SF at 3.0 FAR (MIH) for a mixed-use building or up to 28,800 SF of Community Facility ZFA at 4.8 FAR.
  • 485-x Tax Abatement Eligible - Up to 35 years of real property tax savings for qualifying rental developments, with no prevailing wage obligation.
  • Located within a federally designated Opportunity Zone, providing qualifying investors with meaningful capital gains tax incentives.
  • Directly across from the Tompkinsville SIR station and a short walk from the St. George Ferry Terminal.

OVERVIEW

Sector Property Group has been exclusively retained to arrange the sale of 230 Bay Street, a 4,000 SF vacant freestanding commercial building and development site, located along the Bay Street Corridor, between Hannah & Minthorne Streets, in the Stapleton neighborhood of Staten Island.? The property is zoned R6 / C2-3 within the Special Bay Street Corridor District (Subdistrict D1) and supports up to 18,000 SF of zoning floor area at 3.0 FAR under Mandatory Inclusionary Housing, with no parking required. A developer may construct a mixed-income residential building of up to 75 feet with active ground-floor retail and may qualify for the 485-x real property tax abatement program. The existing 4,000 SF brick building — a former Rent-A-Center — offers approximately 50' feet of Bay Street frontage, 5+ on-site parking spaces, two curb cuts, a loading dock, and full HVAC in place. The property sits directly across from the Tompkinsville Staten Island Railway station, providing riders an immediate connection to the St. George Ferry Terminal and a 25-minute ride to Lower Manhattan. New construction including Urby, Lighthouse Point, and The Pearl have delivered within blocks of the site, establishing 230 Bay Street as a well-positioned opportunity within one of New York City's most actively supported growth corridors.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Existing Bldg + Redevelopment Site For Sale

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R6/C2-3 (BSC)

APN/PARCEL ID

00498-0074

ASK ABOUT THIS PROPERTY

Edan CohenSector Property GroupMore Info

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