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125 Edgewater St
Staten Island, NY 10305
Land For Sale
·
18.26 AC
Investment Highlights
- Short distance to public transportation
- Prime Development Site right on the water
Executive Summary
Bridge Property Advisors has been exclusively hired to arrange the sale of 125 Edgewater Street, an 18+ acre waterfront development site in Rosebank, Staten Island. Ownership has completed the ULURP process and rezoned the property from M2-1 to its current zoning, R6 with a partial C2-2 overlay. The site has a total of approximately
91,409 buildable SF. Approximately 480,000 SF can be developed on the site based on the height restrictions leaving approximately 411,409 SF of additional air rights on the property.
The development will also require a Shore Public Walkway (SPW), visual corridors (VC) from the street and public landscaping. Ownership possesses a marina plan and a public landscaping plan that has been approved by the NYC Parks Department. Tax abatements are available to developers through the new 485-x Affordable Neighborhoods for New Yorkers Tax Incentive program and additional zoning benefits through the newly adopted City of Yes for Housing Opportunity (COYHO) zoning text amendment.
91,409 buildable SF. Approximately 480,000 SF can be developed on the site based on the height restrictions leaving approximately 411,409 SF of additional air rights on the property.
The development will also require a Shore Public Walkway (SPW), visual corridors (VC) from the street and public landscaping. Ownership possesses a marina plan and a public landscaping plan that has been approved by the NYC Parks Department. Tax abatements are available to developers through the new 485-x Affordable Neighborhoods for New Yorkers Tax Incentive program and additional zoning benefits through the newly adopted City of Yes for Housing Opportunity (COYHO) zoning text amendment.
Property Facts Under Contract
1 Lot Available
Lot 90
| Price | $37,615,601 CAD | Lot Size | 18.26 AC |
| Price Per AC | $2,060,000.08 CAD |
| Price | $37,615,601 CAD |
| Price Per AC | $2,060,000.08 CAD |
| Lot Size | 18.26 AC |
The total lot area of the property is approximately 795,590 SF (or 18.26 AC) of which 144,258 SF (or 3.33 AC) is developable upland.
Property Taxes
| Parcel Number | 02820-0090 | Improvements Assessment | $405,154 CAD |
| Land Assessment | $1,337,086 CAD | Total Assessment | $1,742,241 CAD |
Property Taxes
Parcel Number
02820-0090
Land Assessment
$1,337,086 CAD
Improvements Assessment
$405,154 CAD
Total Assessment
$1,742,241 CAD
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