45 Beach Street & 560 Bay Street

• Opportunity Zone: An As-of-right ZFA of 125,790 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.
• 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.
• Vacant Possession: The site will be delivered completely vacant, allowing immediate demolition and streamlined redevelopment.
• 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.
• 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.
• Proximity to Waterfront: Just a 5-minute walk to the Stapleton Waterfront Park.

Property Description

BKREA has been retained on an exclusive basis to arrange for the sale of 45 Beach Street and 560 Bay Street (“The Site”), offering a prime development opportunity in the St. George neighborhood of Staten Island.