560 Bay St - 45 Beach Street
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560 Bay St - 45 Beach Street
0.72 Acres of Commercial Land in Staten Island, NY 10304
Executive Summary
BKREA has been retained exclusively to arrange for the sale of 45 Beach Street and 560 Bay Street (“The Site”), a prime mixed-use
development opportunity in the Stapleton Heights neighborhood of Staten Island. The Site is in an Opportunity Zone, bringing substantial tax incentives.
The vacant site has approximately 575 feet of frontage along three sides, totaling 49,634 square feet. It's currently in a C4-2 Zoning (R6 Equivalent) district with an as-of-right FAR of 2.53 for residential developments, allowing a developable ZFA of 125,790 square feet.
Expected zoning changes under the City of Yes Housing Opportunity zoning initiative could increase the FAR to 3.9, boosting the ZFA to 193,569 square feet by late 2024 or early 2025.
The property is strategically located 10 minutes by bike from the Staten Island Ferry and 8 minutes from the Verrazano-Narrow
Bridge, with excellent transit options including proximity to the Stapleton Staten Island Railroad stop and multiple bus lines.
Perfectly positioned in the dynamic Stapleton Heights neighborhood, this site offers significant frontage, favorable zoning, and proximity to the Stapleton Waterfront, poised to become a landmark development.
development opportunity in the Stapleton Heights neighborhood of Staten Island. The Site is in an Opportunity Zone, bringing substantial tax incentives.
The vacant site has approximately 575 feet of frontage along three sides, totaling 49,634 square feet. It's currently in a C4-2 Zoning (R6 Equivalent) district with an as-of-right FAR of 2.53 for residential developments, allowing a developable ZFA of 125,790 square feet.
Expected zoning changes under the City of Yes Housing Opportunity zoning initiative could increase the FAR to 3.9, boosting the ZFA to 193,569 square feet by late 2024 or early 2025.
The property is strategically located 10 minutes by bike from the Staten Island Ferry and 8 minutes from the Verrazano-Narrow
Bridge, with excellent transit options including proximity to the Stapleton Staten Island Railroad stop and multiple bus lines.
Perfectly positioned in the dynamic Stapleton Heights neighborhood, this site offers significant frontage, favorable zoning, and proximity to the Stapleton Waterfront, poised to become a landmark development.
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- Rental & Condo Comps
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- Unapproved Architecture Plans
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.72 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.72 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot 513 / 5 19
| Lot Size | 0.72 AC |
| Lot Size | 0.72 AC |
The vacant site has 575 feet of frontage and 49,634 square feet. Zoned C4-2 (R6 Equivalent) with a 2.53 FAR, it allows for 125,790 square feet of as-of-right residential development.
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (71)
Bike Score ®
Very Bikeable (71)
zoning
| Zoning Code | R-6 (It's currently in a C4-2 Zoning (R6 Equivalent) district.) |
| R-6 (It's currently in a C4-2 Zoning (R6 Equivalent) district.) |
-
Power Broker Bob Knakal -
BKREA
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560 Bay St - 45 Beach Street
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