45 Beach Street & 560 Bay Street

Highlights

• 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.
• 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.
• 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.
• Proximity to Waterfront: Just a 5-minute walk to the Stapleton Waterfront Park.
• 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.
• Vacant Possession: The site will be delivered completely vacant, allowing immediate demolition and streamlined redevelopment.

Location

Located at 45 Beach Street & 560 Bay Street, New York, NY 10304, this property is part of the Stapleton neighborhood and Staten Island market.