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90 Canal St
Staten Island, NY 10304
Canal Street Development · Land For Sale
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2,837.00 AC
INVESTMENT HIGHLIGHTS
- C4-2 Zoning: Offers the flexibility to develop a mix of residential, retail, and commercial spaces.
- Affordable Housing Incentives: Leverage UAP bonuses to expand the project footprint while aligning with city housing initiatives.
- Prime Location: Positioned off Bay Street in an area witnessing a surge in mixed-use developments, making it ideal for investment.
- Outer Transit Zone : Maximize the development size with additional buildable square footage through zoning incentives tailored to the Outer Transit
- 485X Tax Abatement: Secure 35 years of substantial tax savings without prevailing wage requirements, enhancing project profitability.
EXECUTIVE SUMMARY
This site offers the potential to significantly increase the development size by utilizing the City of Yes Transit Zone incentives, coupled with UAP bonuses, making it ideal for a mixed-use project with residential and commercial components. Additionally, developers can take advantage of the 485X Tax Abatement program, offering 35 years of tax savings without the burden of prevailing wage requirements, further enhancing the financial feasibility of this project.
With its prime location, flexible zoning, and substantial tax and development incentives, 90 Canal Street is positioned to deliver outstanding returns for developers looking to be part of Staten Island’s continued growth.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 2,837.00 AC |
| Property Type | Land | Cross Streets | Bay |
| Property Subtype | Commercial | ||
| Zoning | C4-2 - C4-2 zoning has an R6 residential equivalent, allowing medium-density housing with height factor or Quality Housing options | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 2,837.00 AC |
| Cross Streets | Bay |
| Zoning | C4-2 - C4-2 zoning has an R6 residential equivalent, allowing medium-density housing with height factor or Quality Housing options |
1 LOT AVAILABLE
Lot 15
| Price | $713,018 CAD | Lot Size | 2,837.00 AC |
| Price Per AC | $251.33 CAD |
| Price | $713,018 CAD |
| Price Per AC | $251.33 CAD |
| Lot Size | 2,837.00 AC |
28.37x100 SF lot cleared and ready for a development. Located in the newly formed Outer-Transit zone. Take advantage of a full 485X term with no prevailing wage requirements.
DESCRIPTION
90 Canal Street is a rare C4-2 zoned development site in the heart of Staten Island’s flourishing mixed-use corridor. As Bay Street continues to experience a wave of transformative projects, this property presents an incredible opportunity to capitalize on the area’s growth and evolving landscape. This site offers the potential to significantly increase the development size by utilizing the City of Yes Transit Zone incentives, coupled with UAP bonuses, making it ideal for a mixed-use project with residential and commercial components. Additionally, developers can take advantage of the 485X Tax Abatement program, offering 35 years of tax savings without the burden of prevailing wage requirements, further enhancing the financial feasibility of this project. With its prime location, flexible zoning, and substantial tax and development incentives, 90 Canal Street is positioned to deliver outstanding returns for developers looking to be part of Staten Island’s continued growth.
PROPERTY TAXES
| Parcel Number | 00524-0015 | Improvements Assessment | $0 CAD |
| Land Assessment | $136,951 CAD | Total Assessment | $133,287 CAD |
PROPERTY TAXES
