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Mixed-Use

78 Fort Pl

78 Fort Pl, Staten Island, NY 10301

Listing Price: Request For Offer

Gross SF
42,374
Rentable SF
42,374
Lot Size
0.55 acres
Year Built
1931

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 78 Fort Place located on Staten Island, New York, a 42,374 square-foot existing structure on a 23,750 square-feet lot measuring 153-feet X 210-feet with R3A, HS zoning (Block: 26 Lot: 21). The existing building is overbuilt by 30,400 square-feet and was previously operated by nuns as an international religious book publishing and distribution center. The current C of O is for a religious facility with sleeping accommodations. The site’s zoning allows for community facility use groups three and four as-of-right, while hotel and residential uses for the existing structure are allowable with special permits. 78 Fort Place is located within the rapidly developing St. George neighborhood – Staten Island’s cultural and political center. Local attractions include the historic St. George Theatre, Empire Outlets and Staten Island’s Yankees Ballpark. The area is going through a renaissance and sports an eclectic variety of restaurants such as Beso and Entoca Maria, nightlife spots and breweries such as Craft House and Flagship Brewery. Newly constructed or renovated apartments in the area are renting for over $35 per square-foot, with the average one bedroom unit commanding $1,900 and two bedroom fetching $2,500. Retail rents in the area are breaching $40 per square-foot. The subject property is located within a five-minute walk to the St. George Rail Road Station and The Ferry Terminal for a 25 -minute commute time into downtown Manhattan. 78 Fort Place offers users and developers the opportunity to purchase a value-add redevelopment site located in a Qualified Opportunity zone in the heart of one of Staten Island’s fastest growing neighborhoods and to capitalize on its close proximity to public transportation, easy accessibility to Manhattan and the area’s growing residential and commercial rents.

Investment Highlights

  • 42,374 SF Redevelopment Site Located Within a Qualified Opportunity Zone
  • Existing Structure, Building was Operated by Nuns as an International Religious Book Publishing and Distribution Center, Has no Deferred Maintenance and is Kept is Broom-Swept and Clean Condition
  • 10 Minute Walk from St. George Ferry and Railroad Terminals

Exclusively Listed By

Listing Price: Request For Offer

Gross SF
42,374
Rentable SF
42,374
Lot Size
0.55 acres
Year Built
1931

Investment Highlights

  • 42,374 SF Redevelopment Site Located Within a Qualified Opportunity Zone
  • Existing Structure, Building was Operated by Nuns as an International Religious Book Publishing and Distribution Center, Has no Deferred Maintenance and is Kept is Broom-Swept and Clean Condition
  • 10 Minute Walk from St. George Ferry and Railroad Terminals

Investment Overview

Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 78 Fort Place located on Staten Island, New York, a 42,374 square-foot existing structure on a 23,750 square-feet lot measuring 153-feet X 210-feet with R3A, HS zoning (Block: 26 Lot: 21). The existing building is overbuilt by 30,400 square-feet and was previously operated by nuns as an international religious book publishing and distribution center. The current C of O is for a religious facility with sleeping accommodations. The site’s zoning allows for community facility use groups three and four as-of-right, while hotel and residential uses for the existing structure are allowable with special permits. 78 Fort Place is located within the rapidly developing St. George neighborhood – Staten Island’s cultural and political center. Local attractions include the historic St. George Theatre, Empire Outlets and Staten Island’s Yankees Ballpark. The area is going through a renaissance and sports an eclectic variety of restaurants such as Beso and Entoca Maria, nightlife spots and breweries such as Craft House and Flagship Brewery. Newly constructed or renovated apartments in the area are renting for over $35 per square-foot, with the average one bedroom unit commanding $1,900 and two bedroom fetching $2,500. Retail rents in the area are breaching $40 per square-foot. The subject property is located within a five-minute walk to the St. George Rail Road Station and The Ferry Terminal for a 25 -minute commute time into downtown Manhattan. 78 Fort Place offers users and developers the opportunity to purchase a value-add redevelopment site located in a Qualified Opportunity zone in the heart of one of Staten Island’s fastest growing neighborhoods and to capitalize on its close proximity to public transportation, easy accessibility to Manhattan and the area’s growing residential and commercial rents.

Exclusively Listed By

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