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Redevelopment Site For Sale 181 Bay St 83,630 SF Vacant Office Building Staten Island, NY 10301 For Sale
INVESTMENT HIGHLIGHTS
- 50,000 SF of Office Space
- Located near Staten Island Railway & Staten Island Ferry
- 237,000 SF of Redevelopment
- In-place Cash Flow during Redevelopment Process
EXECUTIVE SUMMARY
Prime Development & Repositioning Opportunity in St. George, Staten Island
181-215 Bay Street & 25 Minthorne Street| Staten Island, NY
Nestled along the Bay Street Corridor in St. George, Staten Island, this premier development and repositioning site offers an unparalleled blend of immediate income stability and long-term growth potential. The asset encompasses Bay Street and Minthorne Street, a rapidly evolving hub of culture, commerce, and connectivity.
Property Highlights Include:
- 50,000+ SF of Office Space: Currently leased to HRA of NYC, ensuring a strong and stable income stream while approvals for future development are pursued.
- Thriving Retail Streetscape: The rear of the building, facing Minthorne Street, is home to dining and entertainment destinations, including Flagship Brewery, Mariachi, Raval Steakhouse, and On the Block.
- Strategic Additional Lot (Lot 80): Currently serving as parking for the building, Lot 80 also features a beautiful recreational space sitting above it—offering additional flexibility for future development.
- Just one stop from the Staten Island Ferry & Fast Ferry, providing seamless access to Manhattan.
- Surrounded by Major Investments – Located near several transformative projects reshaping the waterfront and urban fabric of St. George.
181-215 Bay Street & 25 Minthorne Street| Staten Island, NY
Nestled along the Bay Street Corridor in St. George, Staten Island, this premier development and repositioning site offers an unparalleled blend of immediate income stability and long-term growth potential. The asset encompasses Bay Street and Minthorne Street, a rapidly evolving hub of culture, commerce, and connectivity.
Property Highlights Include:
- 50,000+ SF of Office Space: Currently leased to HRA of NYC, ensuring a strong and stable income stream while approvals for future development are pursued.
- Thriving Retail Streetscape: The rear of the building, facing Minthorne Street, is home to dining and entertainment destinations, including Flagship Brewery, Mariachi, Raval Steakhouse, and On the Block.
- Strategic Additional Lot (Lot 80): Currently serving as parking for the building, Lot 80 also features a beautiful recreational space sitting above it—offering additional flexibility for future development.
- Just one stop from the Staten Island Ferry & Fast Ferry, providing seamless access to Manhattan.
- Surrounded by Major Investments – Located near several transformative projects reshaping the waterfront and urban fabric of St. George.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Building Size
83,630 SF
Building Class
C
Year Built
1930
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
41,815 SF
Slab To Slab
10’
Building FAR
0.77
Lot Size
2.48 AC
Opportunity Zone
Yes
Zoning
R6, C4-2, BSC - Medium density residential district, Regional commercial center located outside of the central business districts
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (81)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $4,923,245 CAD | |
| Land Assessment | $865,328 CAD | Total Assessment | $5,788,573 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$865,328 CAD
Improvements Assessment
$4,923,245 CAD
Total Assessment
$5,788,573 CAD
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Redevelopment Site For Sale | 181 Bay St
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