475 Bay Street, Staten Island
Condominium · 270 units · built 2022 · Block 488, Lot 7501.
Building permits
- Alteration, filed Nov 7, 2023, estimated cost $1K, described as “Application filed in conjunction with NB 510115670. Installation of new boilers as per amended plans prior to boiler inspection with High Rise.”
- Alteration, filed Jan 23, 2023, estimated cost $20K, described as “Installation of Multi-Point Suspended Scaffolding as per plan and in accordance with Chapter 33 of NYC Building Code. No change in use, egress, or occupancy”
- Alteration, filed Oct 20, 2022, estimated cost $10K, described as “Installation of 6000 lb personnel/material single car for east hoist as per plans during construction. No change in use, egress or occupancy under this application.”
- Alteration, filed Oct 20, 2022, estimated cost $10K, described as “Installation of 6000 lb personnel/material single car for west hoist as per plans during construction. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 28, 2022, estimated cost $10K, described as “Installation of temporary scaffold as per plans in conjunction with NB construction. No change in use, egress or occupancy. Scaffold to comply with chapter 33 of NYC building code of 2014.”
- Alteration, filed Jan 6, 2022, estimated cost $3K, described as “Cut site 3 feet to collect soil samples to determine level of contaminates; if any as per plans. Filed in conjunction with NB 510115670.”
- Alteration, filed Dec 23, 2021, estimated cost $5K, described as “Installation of 300psf sidewalk shed, overhead protection, roof protection and construction fence as per plans, all equipment shall comply with the chapter # 33 of the code 2014, no changes in use egress or occupancy under this application.”
- Alteration, filed Oct 20, 2021, estimated cost $1K, described as “Installation of a temporary standpipe in conjunction with new building application #510115670. No change of use, occupancy, or egress (release dry pressured standpipe system)”
- Alteration, filed May 10, 2021, estimated cost $1K, described as “Install Curb Cut as per plans. Filed in connection with BPP#540200281 & NB# 510115670.”
- Alteration, filed May 8, 2020, estimated cost $1K, described as “Filing herewith for superstructure for 12-story new building. Filed in conjunction with NB# 510115670.”
- Alteration, filed May 8, 2020, estimated cost $1K, described as “Filing herewith underground plumbing. Filed in conjunction with NB___”
- Alteration, filed May 7, 2020, estimated cost $1K, described as “Installation of sprinkler / standpipe system as per plans filed herewith. Filed in conjunction with NB 510115670.”
- Alteration, filed May 7, 2020, estimated cost $1K, described as “Mechanical including ductwork, risers, piping and units for 12-story new building. Filed in connection with NB # 510115670.”
- Alteration, filed May 7, 2020, estimated cost $1K, described as “Application filed in conjunction with NB 510115670. Installation of plumbing as per plans submitted herewith.”
Property taxes
- Assessment
- $15,585,750
- 2026–27 tax
- $82,499
- Market value (city estimate)
- $34,635,000
- Taxable value
- $760,497
- Assessed land
- $530,550
- Assessed improvements
- $15,055,200
- Condo units with their own tax lots
- 3
Tax breaks
- 420-c exemption, through Jun 30, 2062, about $1,843,442 a year below the full tax.
Zoning
R6: floor area ratio 3.32 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, moderate risk: a 0.2% chance of flooding each year. FEMA’s preliminary map: zone AE, high risk: a 1% chance of flooding each year, base flood elevation 11 ft (NAVD88).
In the news
The Pearl Celebrates Ribbon Cutting At 475 Bay Street In Stapleton, Staten Island, New York YIMBY, Nov 16, 2024.