Lee NYC Markets Staten Island Development Site
Lee & Associates NYC is marketing 385-425 Bay St., a development site in Staten Island. Principal Kelly Koukou is marketing the site for sale on behalf of Parisi Bay Street, LLC, an owner, operator and manager of commercial properties throughout New York
The site, zoned for both residential and retail use, features 3.67 acres of land with 480,000 square feet of development. The offering includes a 72,000-square-foot lot at 385 Bay St. and an 88,265-square-foot parcel at 425 Bay St., with a maximum 3.0 floor area ratio, allowing for a development of up to seven stories.
“The completion of this site will allow for additional housing options for Staten Island residents, in an accessible and well-sought location,” Koukou said.
Parisi’s site falls within the boundaries of a strategic rezoning plan approved in 2019, Bay Street Corridor Neighborhood Plan, which includes 20 blocks along the Bay Street and Canal Street corridors.