River North Development
178 Richmond Ter Staten Island, NY
For Sale
Contact for pricing
58,898 SF development site with significant tax advantages.
Lot Size1.35 Acres
Days on Market344
Property Features for 178 Richmond Ter
General Information
- Standard status
- Active
- Lot size
- 1.35 Acres
- Property subtype
- LAND
Listing Agency:
JLL | New York City
(212) 632-1828
Listed By:
Steven Rutman · License #10401228904
Source:
Moodyscre
Added: Aug 14, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL | New York City
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
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.
