The Reel

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Cushman & Wakefield has been retained on an exclusive basis to sell a waterfront property at 7-9 Bank Street. The property is located on the north side of Bank Street between Jersey Street and Westervelt Avenue in the St. George section of Staten Island. The asking price is $3,750,000.

The property consists of two lots that combine for approximately 46,950 square feet and measure 150’ x 313’.  They are situated at the tip of the Northshore Waterfront Esplanade, approximately a half-mile from the Staten Island Ferry Terminal and the new proposed New York Ferris Wheel and retail mall, which are expected to attract 4 million new visitors a year to the area.  

The New York Wheel promises to become one of New York City’s, and the world’s, great landmark attractions, alongside the Statue of Liberty and the Empire State Building.  The 630-foot tall attraction will be the tallest observation wheel in the world and the only one in New York City.  The new retail mall, Empire Outlets, is said to include 1 million square feet of mixed-use space anchored by an outlet shopping center with 80 high-end retailers.  

 The site holds up to approximately 46,950 buildable square feet, presenting an excellent opportunity for a developer to build out a waterfront hotel or commercial property.

This property is being marketed exclusively by Cushman & Wakefield’s James Nelson and David Shalom.

Click here for listing details

Neighborhoods: Staten Island