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Existing Bldg + Redevelopment Site For Sale 230 Bay St 4,000 SF Retail Building Staten Island, NY 10301 $2,721,020 CAD ($680.25 CAD/SF)



Investment Highlights
- Existing 4,000 SF building offers immediate occupancy for a retail or an end-user, or interim lease income for an investor seeking to build later.
- 485-x Tax Abatement Eligible - Up to 35 years of real property tax savings for qualifying rental developments, with no prevailing wage obligation.
- Directly across from the Tompkinsville SIR station and a short walk from the St. George Ferry Terminal.
- As-of-right ZFA of 18,000 SF at 3.0 FAR (MIH) for a mixed-use building or up to 28,800 SF of Community Facility ZFA at 4.8 FAR.
- Located within a federally designated Opportunity Zone, providing qualifying investors with meaningful capital gains tax incentives.
Executive Summary
Sector Property Group has been exclusively retained to arrange the sale of 230 Bay Street, a 4,000 SF vacant freestanding commercial building and development site, located along the Bay Street Corridor, between Hannah & Minthorne Streets, in the Stapleton neighborhood of Staten Island.? The property is zoned R6 / C2-3 within the Special Bay Street Corridor District (Subdistrict D1) and supports up to 18,000 SF of zoning floor area at 3.0 FAR under Mandatory Inclusionary Housing, with no parking required.
A developer may construct a mixed-income residential building of up to 75 feet with active ground-floor retail and may qualify for the 485-x real property tax abatement program. The existing 4,000 SF brick building — a former Rent-A-Center — offers approximately 50' feet of Bay Street frontage, 5+ on-site parking spaces, two curb cuts, a loading dock, and full HVAC in place.
The property sits directly across from the Tompkinsville Staten Island Railway station, providing riders an immediate connection to the St. George Ferry Terminal and a 25-minute ride to Lower Manhattan. New construction including Urby, Lighthouse Point, and The Pearl have delivered within blocks of the site, establishing 230 Bay Street as a well-positioned opportunity within one of New York City's most actively supported growth corridors.
A developer may construct a mixed-income residential building of up to 75 feet with active ground-floor retail and may qualify for the 485-x real property tax abatement program. The existing 4,000 SF brick building — a former Rent-A-Center — offers approximately 50' feet of Bay Street frontage, 5+ on-site parking spaces, two curb cuts, a loading dock, and full HVAC in place.
The property sits directly across from the Tompkinsville Staten Island Railway station, providing riders an immediate connection to the St. George Ferry Terminal and a 25-minute ride to Lower Manhattan. New construction including Urby, Lighthouse Point, and The Pearl have delivered within blocks of the site, establishing 230 Bay Street as a well-positioned opportunity within one of New York City's most actively supported growth corridors.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,000 SF
Building Class
C
Year Built
1931
Price
$2,721,020 CAD
Price Per SF
$680.25 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.66
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
R6/C2-3 (BSC) - Zoned R6/C2-3 within the Bay Street Corridor
Parking
5 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
60’ on Bay St
Amenities
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Exceptionally walkable
90/100
Very drivable
80/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00498-0074 | Improvements Assessment | $258,361 CAD |
| Land Assessment | $183,669 CAD | Total Assessment | $442,030 CAD |
Property Taxes
Parcel Number
00498-0074
Land Assessment
$183,669 CAD
Improvements Assessment
$258,361 CAD
Total Assessment
$442,030 CAD
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Existing Bldg + Redevelopment Site For Sale | 230 Bay St
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