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78 Fort Pl
Staten Island, NY 10301

Specialty Property For Sale · 42,374 SF

Investment Highlights

  • 42,374 SF Redevelopment Site Located Within a Qualified Opportunity Zone
  • R3A, HS Zoning: Community Facility Use Groups 3 and 4 Allowable As-of-Right, Hotel and Residential Use Groups Allowable for the Existing Structure
  • Located Within Staten Island’s Rapidly Evolving Cultural and Political Center, Near St. George Theatre, Borough Hall, Local Courts and Empire Outlets
  • Existing Building was Operated by Nuns as an International Religious Book Publishing and Distribution Center, Has no Deferred Maintenance
  • Effective C of O for Convent with Sleeping Accommodations
  • 10 Minute Walk from St. George Ferry and Railroad Terminals; Offers Tremendous Views of Staten Island and the Manhattan Skyline

PROPERTY FACTS

Property Type Specialty
Property Subtype Religious Facility
Building Class C
Lot Size 0.74 AC
Building Size 42,374 SF
No. Stories 3
Year Built 1960
Tenancy Single

Amenities

  • Bus Line
  • Metro/Subway
  • Waterfront

About 78 Fort Pl , Staten Island, NY 10301

The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 78 Fort Place located on Staten Island, NY, a 42,374 SF existing structure on a 23,750 SF lot measuring 153 ft X 210 ft with R3A, HS zoning (Block: 26 Lot: 21). The existing building is overbuilt by 30,400 SF and was previously operated by nuns as an international religious book publishing and distribution center. The current C of O is for a religious facility with sleeping accommodations. The site’s zoning allows for community facility use groups 3 and 4 as-of-right, while hotel and residential uses for the existing structure are allowable with special permits. 78 Fort Place is located within the rapidly developing St. George neighborhood – Staten Island’s cultural and political center. Local attractions include the historic St. George Theatre, Empire Outlets and Staten Island’s Yankees Ballpark. The area is going through a renaissance and sports an eclectic variety of restaurants such as Beso and Entoca Maria, nightlife spots and breweries such as Craft House and Flagship Brewery. Newly constructed or renovated apartments in the area are renting for over $35 per square foot, with the average one bedroom unit commanding $1,900 and two bedroom fetching $2,500. Retail rents in the area are breaching $40 per square foot. The subject property is located within a five-minute walk to the St. George Rail Road Station and The Ferry Terminal for a 25 minute commute time into downtown Manhattan. 78 Fort Place offers users and developers the opportunity to purchase a value-add redevelopment site located in a Qualified Opportunity zone in the heart of one of Staten Island’s fastest growing neighborhoods and to capitalize on its close proximity to public transportation, easy accessibility to Manhattan and the area’s growing residential and commercial rents.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00026-0021
Land Assessment
$640,863
Improvements Assessment
$868,061
Total Assessment
$1,508,924

zoning

Zoning Code R3A (Zoning: R3A, HS)
R3A (Zoning: R3A, HS)
  • Listing ID: 18581043

  • Date on Market: 2020-02-20

  • Last Updated:

  • Address: 78 Fort Pl, Staten Island, NY 10301

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