440 Bay StStaten Island, NY 10304

For Sale
$1,999,000

Prime Bay Street location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity encompasses two properties at 440-442 Bay Street and 2 Baltic Street in Staten Island's vibrant Stapleton neighborhood. The main offering, 440-442 Bay Street, is a 5,244 square foot retail storefront, currently configured as eight units across a three-story building (with additional storage on upper floors). Previously occupied by a Harley Davidson sales center, this property boasts a prime location within the Bay Street Corridor Plan area, poised for significant future growth. The building, constructed in 1931, sits on a 7,890 square foot lot and includes six parking spaces. The permitted zoning is C2-3. Preliminary plans exist for a six-story mixed-use building on the site, reflecting the area's ongoing transformation. The adjacent property at 2 Baltic Street includes two garages, one permanent and one temporary, adding further development potential. The asking price for the entire portfolio is $1,999,000, representing a price per square foot of $381.20. This represents a unique chance to capitalize on the Stapleton Transformation, a revitalization initiative aiming to create a vibrant, diverse, and well-planned infrastructure. The property's location, size, and development potential make it an attractive investment for both seasoned and emerging developers. The APN for the main property is 00507-0012 & 17.

Highlights

  • Bay Street Corridor Plan compliant.
  • Two adjacent properties at 440-442 Bay Street and 2 Baltic Street are for sale.
  • 440-442 Bay Street previously housed a Harley Davidson sales center; the building is three stories with ground floor commercial space and upper levels used for storage.
  • 2 Baltic Street features two garages (one permanent, one temporary).
  • Preliminary plans exist for a six-story mixed-use building.
  • The Stapleton neighborhood is undergoing revitalization, aiming for a vibrant and well-planned infrastructure.

Property Details for 440 Bay St

Property type
Other retail properties, Individual retail properties
Square Feet
5,244 SF
Year Built
1931
Buildings
4
Stories
6
Units
8

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.6314697
Longitude
-74.0764047
440 Bay St, Staten Island, New York

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440 Bay St
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