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.