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24.5 Acres on South Shore for Sale for $23M



STATEN ISLAND., N.Y. — At a time when several big box retailers, like Amazon and Ikea, are building facilities on Staten Island, nearly 25 acres of Charleston property zoned for manufacturing uses has been put on the market for $23 million.

The property is comprised of five lots of more than 1 million square feet at 4482 Arthur Kill Rd. and 742 Sharrots Rd., according to the Brooklyn-based Kalmon Dolgin Affiliates (KDA), which is marketing the property.

 

The properties are being offered as “one package,” and the real estate professionals hope to attract big box retailers.

 

“With Amazon and Ikea occupying two new industrial buildings down the road, totaling 1 million square feet each, KDA believes that it’s the right time to develop this five-lot portfolio. You cannot find industrial property in New York City that offers as much space for the price,” said Neil Dolgin, co-president of KDA, noting the property is owned by a trust.

 

“We have gotten a lot of feedback from developers and investors who are thinking of building because of where it is situated — two minutes from the Staten Island Expressway, the Goethals Bridge and a six-minute drive to where Amazon and Ikea will be located,” he added.

THE PARCELS

 

The Arthur Kill Road site includes three contiguous lots totaling 713,077 square feet, with 770 square feet of frontage on two streets.

 

The Sharrots Road parcel is made up of two contiguous lots totaling 355,000 square feet, with 1,110 square feet of frontage on Sharrots Road and more than 500 square feet of water frontage.

 

If a potential buyer is interested in only one of the parcels, they can be sold separately for $16.5 million and $8 million, said Dolgin.

 

The sites are near Bricktown Centre at Charleston, which is anchored by Home Depot, Christmas Tree Shops, Bed Bath & Beyond and Target.

 

While the parcels are currently zoned for manufacturing uses, a zone change could allow residential development.