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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. 


Inside The Story

Lee NYC’s Koukou

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).