450 St Marks Pl Staten Island, NY 10301
Net-Leased School - Covered Land Opportunity
Property size:
8,928 SFLot size:
0.42 AcresPrice / SF:
$580/SF- Added:
- May 7, 2025
- Days on Market:
- 350
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 450 St Marks Pl
General Information
- Standard status
- Active
- Property type
- Other specialty properties, Specialty properties
- Size
- 8,928 SF
- Net Rentable
- 8,928 SF
- Elevators
- N/A
- Lot size
- 0.42 Acres
Listing agent Scott (212) 430-5229
Listing office Marcus & Millichap | Manhattan (212) 430-5229
Listing date May 7, 2025
Overview
Net-Leased School Development Opportunity
The property is an 8,928-square-foot single-story commercial building fully net-leased to the St. George School. The site is located on St. Marks Place on the North Shore of Staten Island, resting on an 18,100 square foot lot zoned C4-2/R6. It has a FAR of 2.43 as of right for residential (43,983 buildable square feet) and a FAR of 3.4 as of right for commercial (61,540 buildable square feet). The lease runs through June 30, 2033, with no options to renew. There is a full corporate guarantee from New York City, with a 10 percent increase coming in July 2027. The St. George School has been operating out of this location since 1990, functioning as a referral school, helping high school-aged students obtain their GED certificates. The landlord is responsible for paying the base-year taxes, as well as the insurance and repairs to the roof and structure. The tenant is responsible for paying all maintenance costs directly, as well as being responsible for all repairs/replacement to the parking lot, all utilities, and paying taxes above their base year 2012/2013. The lot has 176 feet of frontage along St Marks Place. There is a full parking lot, with parking for 18 cars. The building has entrances on both St Marks Place and Montgomery Avenue, and it is located in an Opportunity Zone. The site is 0.5 miles (10-minute walk) from the Staten Island Ferry and is surrounded by new development.
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Staten Island
- County
- Richmond
- State
- New York
- Longitude
- -74.0780203
- Latitude
- 40.6418677
Nearby Similar for Sale
FAQs
What type of property is this?
Specialty property - Net-Leased School - Covered Land Opportunity
Where is this specialty property located?
The property is located at 450 St Marks Pl Staten Island, NY.
What is the asking price?
The asking price for this property is $5,183,000.
What are key features of this property?
This property features: 8,928 SF Single‑Tenant Property Leased to the NYC Department of Education on a Modified Gross Lease That runs Through 2033 with 3% Annual Increases.; 18,100 SF Lot Zoned C4‑2/R6 With a Total Buildable Square Footage of 61,540 SF. Covered Land Opportunity to Acquire a Minimal Management Site With Development Upside.; Property has Parking for 18 Cars, With Entrances on two Different Streets. The Offering is a Short Walk to the Staten Island Ferry and it is Surrounded by new Commercial Developments.
