A Site Positioned for the Next Wave of Development
Finding development land in New York City is difficult. Finding a site surrounded by active investment, strong housing demand, transit access, and long-term public infrastructure projects is even harder.
That’s what makes 14 Prospect Street stand out.
Located in Stapleton’s waterfront district, this 20,000-square-foot parcel sits just steps from Staten Island Urby, the Staten Island Railway, and some of the largest redevelopment projects underway anywhere on Staten Island. The property combines immediate income with future development potential, giving investors and developers flexibility while they plan their next move.
More Than Land – A Platform for Future Development
Development sites are often valuable because of what they could become. This property adds another advantage: existing income.
The site includes approximately 20,000 square feet of land and currently contains a 1,128-square-foot warehouse. The warehouse and lot are leased, creating cash flow that can help offset holding costs while a buyer evaluates development plans, zoning opportunities, or entitlement strategies.
For developers, that can be a significant advantage. Rather than carrying a vacant property while approvals are pursued, the site generates revenue during the planning process.
Its long, linear configuration also creates opportunities beyond a standalone project. The footprint naturally lends itself to potential assemblage discussions with neighboring properties, allowing developers to think bigger as the surrounding area continues to evolve.
Property Highlights
- 20,000 SF development parcel
- Existing 1,128 SF warehouse
- Current rental income in place
- Zoned C4-2A
- Potential mixed-use development opportunity
- Qualified Opportunity Zone designation
- Steps from Staten Island Railway
- Adjacent to Staten Island Urby
- Assemblage potential with nearby sites
- Located within Stapleton’s active redevelopment corridor
Seeing the Site in Context
The aerial views reveal one of the property’s most important strengths: its position within a rapidly changing section of Staten Island’s North Shore. The parcel stretches along the Staten Island Railway, creating a distinctive linear layout that is easy to visualize from above and highlights the depth of the site in relation to neighboring properties.
From multiple vantage points, the surrounding environment comes into focus. Transit infrastructure, waterfront office buildings, residential developments, and redevelopment sites all converge within a remarkably compact area. The combination of open yard space, gated access, and direct proximity to rail service creates a setting that feels connected to the larger transformation taking place throughout Stapleton’s waterfront district.
These images also show how closely the property sits to the waterfront corridor and major development activity. Rather than an isolated parcel, 14 Prospect Street is positioned within an active growth zone where public investment, residential demand, and transportation access continue to shape the future of the neighborhood.
Proof of Demand, Right Across the Property Line
Real estate development often comes down to one question:
Is there demand?
Few development sites can point to a stronger answer than this one.
The property sits immediately adjacent to Staten Island Urby, a residential community consisting of 571 apartments that maintains approximately 97.5% occupancy.
For developers, that’s more than a neighboring property. It’s real-world evidence that renters are actively choosing this location.
Urby’s success reflects broader trends taking place along Staten Island’s North Shore. Residents continue to seek housing options that offer access to transportation, waterfront amenities, and a shorter commute into Manhattan and Brooklyn.
When evaluating development opportunities, nearby occupancy rates often tell a story that market reports cannot.
At 14 Prospect Street, that story is already being written next door.
The Transit Advantage Is Immediate
Transportation remains one of the most important factors in urban development.
This site places future residents, tenants, or businesses within a one-minute walk of the Stapleton Station on the Staten Island Railway.
From there, commuters can connect directly to:
- Staten Island Ferry
- NYC Fast Ferry service
- Downtown Staten Island employment centers
- Manhattan-bound transportation connections
- Regional bus routes
For future residential projects, transit access can significantly expand the potential renter pool.
For commercial uses, easy access creates convenience for both employees and customers.
The ability to walk from a development site to rail service in approximately one minute is increasingly difficult to find in New York City’s outer boroughs.
Public Investment Is Changing the Landscape
One reason developers continue to focus on Staten Island’s North Shore is the amount of public and private investment entering the market.
The area surrounding 14 Prospect Street is benefiting from several major initiatives that are reshaping the waterfront and creating long-term growth opportunities.
The New Stapleton Waterfront Initiative, led by NYCEDC, is planned to deliver:
- More than 2,100 mixed-income residential units
- Approximately 12 acres of public open space
- New waterfront amenities
- Expanded neighborhood infrastructure
At the same time, the Bay Street Corridor Rezoning has opened the door for substantial new residential development across Staten Island’s North Shore.
These projects are helping create additional housing, public spaces, retail activity, and long-term economic growth throughout the surrounding area.
For investors, development opportunities often become most attractive before an area’s transformation is fully complete.
Stapleton continues moving through that process today.
Opportunity Zone Benefits May Create Additional Value
Another notable aspect of this offering is its location within a Qualified Opportunity Zone.
For eligible investors, Opportunity Zone investments may provide federal tax advantages when structured properly and in compliance with current regulations.
While buyers should always consult tax and legal professionals regarding specific eligibility requirements, the Opportunity Zone designation adds another layer of potential value that many development sites cannot offer.
Combined with existing income, transit access, waterfront proximity, and active neighborhood investment, the designation makes the property worth serious consideration for long-term investors.
Why 14 Prospect Street Deserves a Closer Look
Development opportunities are often evaluated based on three factors:
Location. Demand. Future growth.
14 Prospect Street checks all three boxes.
The site sits within one of Staten Island’s most actively evolving waterfront districts. It offers immediate income through an existing tenant, strong transportation access, flexible C4-2A zoning, and adjacency to one of the borough’s most successful residential developments.
For developers, investors, and groups seeking a strategic position within Staten Island’s next chapter of growth, this is a property that deserves attention.
Schedule a Private Property Tour
For additional information about 14 Prospect Street, Staten Island, NY 10304, or to discuss development possibilities, contact:
Contact Listing Agent:
Robert Nixon
📞 718-200-7799
📧 info@prereal.com
🌐 PreReal™ Prendamano Real Estate
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