90 Canal St - Commercial LAND FOR SALE


Staten Island, NY 10304- Stapleton123,579,720 SF
$515,000 USD
347-552-1207
90 Canal St, Staten Island, NY for Sale
$515,000 USD
Commercial LAND - FOR SALE
1/7
123,579,720 SF

90 Canal St
Staten Island, NY 10304
Stapleton


HIGHLIGHTS

  • C4-2 Zoning: Offers the flexibility to develop a mix of residential, retail, and commercial spaces.
  • Outer Transit Zone : Maximize the development size with additional buildable square footage through zoning incentives tailored to the Outer Transit
  • Affordable Housing Incentives: Leverage UAP bonuses to expand the project footprint while aligning with city housing initiatives.
  • 485X Tax Abatement: Secure 35 years of substantial tax savings without prevailing wage requirements, enhancing project profitability.
  • Prime Location: Positioned off Bay Street in an area witnessing a surge in mixed-use developments, making it ideal for investment.

OVERVIEW

Located just off Bay Street, 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.

FOR SALE DETAILS

PRICE

$515,000 USD

PRICE/ACRE

$182/AC

PRICE/SF

$0.0042 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Canal Street Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Mixed Use

LAND ACRES

2837 AC

LAND SF

123,579,720 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C4-2

APN/PARCEL ID

00524-0015

ASK ABOUT THIS PROPERTY

Michael RaiaOzana Realty GroupMore Info
347-552-1207

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Michael RaiaOzana Realty GroupMore Info
347-552-1207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.