prereal prendamano real estate staten island new york

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Storefront Vacancies on 2 of Staten Island’s Corridors

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Storefront Vacancies

James was quoted saying, “Both of these corridors (New Dorp Lane & Port Richmond Avenue) were once walkable and on-site parking was not a requirement. One of the unintended consequences of downzoning and zone changes in the surrounding neighborhoods have in essence frozen these buildings in time. They don’t have adequate on-site parking that meets the retailer’s requirements.  When you couple that with sky rocketing real estate taxes, the result is retailers seeking a newer product with tax abatements, thereby significantly reducing the cost of entry into the market.”

 

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Casandra Properties, Inc. specializes in all facets of real estate.  Please contact us at 718.816.7799 or info@CasandraProperties.com.

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