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178 Richmond Ter Staten Island, NY 10301

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For Sale
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58,898 SF development site with significant tax advantages.

Lot size:
1.35 Acres

Property Features for 178 Richmond Ter

General Information

Lot size
1.35 Acres

Source: JLL | New York City Agent Steven Rutman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

River North Development Site

The River North Development Site is a 58,898 square-foot development opportunity with 353,388 zoning floor area. Vested under the lapsed 421a program (Option B), the project offers tax advantages. The site is proposed for 504 units and 4,444 square feet of above-grade commercial space, intended as a flagship residential building along the North Shore Waterfront. The Site is subject to Mandatory Inclusionary Housing (MIH) requirements (Option 2) and will also be eligible for Brownfield Tax Credits. While the Site is subject to MIH Option 2, the building will only require 16 MIH units in total (one per floor), as the Site benefits from having the remainder of the MIH requirement satisfied by the neighboring affordable development. This results in a blended MIH/affordable requirement of 30% at 110% of AMI. This project will leverage the momentum created by the institutional groups that have and continue to invest significant capital within the submarket.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Staten Island
County
Richmond
State
New York
Longitude
-74.07954
Latitude
40.64653

FAQs

What type of property is this?
Land - 58,898 SF development site with significant tax advantages.
Where is this land located?
The property is located at 178 Richmond Ter Staten Island, NY.
What are key features of this property?
This property features: - Vested under the lapsed 421a program (Option B), providing significant tax advantages.; - Development site with **353,388 zoning floor area (ZFA)**.; - Proposed **504 residential units** and 4,444 SF of commercial space.
More about this property
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