111 Jewett Ave 111 Jewett Ave 4,000 SF of Industrial Space Available in Staten Island, NY 10302

Use Group 11A: Specifically includes certain semi-industrial uses that must adhere to manufacturing district rules. Some uses include amusement and recreation. Use Group 16: Covers a broad range of services, including: Automobile/motorcycle/boat sales, repair. Commercial Grade Kitchen and large walk-in Freezer located on premises. Two tiled bathrooms for easy cleaning. Zoning includes Automotive Repair, Building materials sales, carpentry, plumbing/electrical shops, amusement, recreation, community centers Warehousing, trucking terminals, storage facilities, and even micro-fulfillment centers. Tax Abatements and Credits Industrial and Commercial Abatement Program (ICAP): This NYC program provides property tax abatements for up to 25 years for eligible commercial and industrial buildings that are built, modernized, rehabilitated, or expanded. Properties improved by at least 30% of their assessed value may qualify. Industrial properties with improvements of 40% or more are eligible for additional benefits. Relocation and Employment Assistance Program (REAP): Businesses relocating from outside NYC or from Manhattan (below 96th Street) to areas like Port Richmond may be eligible for a 12-year annual tax credit for each qualified job created or relocated. NYC Industrial Development Agency (NYCIDA): Administered by the NYC Economic Development Corporation (NYCEDC), NYCIDA offers discretionary incentives to support business growth, including property tax abatements, reduced mortgage recording fees, and sales tax exemptions on some construction materials. Opportunity Zones: Port Richmond has census tracts designated as Federal Opportunity Zones. This federal program offers capital gains tax deferral and partial exclusion for investors who reinvest capital gains into Qualified Opportunity Funds (QOFs) that then invest in these designated areas. Planning and Grant Programs Brownfield Opportunity Areas (BOA) Program: The Port Richmond area has been part of a NYS Department of State BOA program, which provides grant funding assistance for community-based planning related to the revitalization and environmental restoration of brownfield sites. This planning helps identify specific strategies and potential sites for redevelopment. Downtown Revitalization Initiative (DRI): Port Richmond was a recipient of the state's DRI program, which included funding for strategic investments like creating a storefront improvement program and identifying immediate development sites, which can support local redevelopment projects. FRESH Program (Potential): Planning documents have identified nearby areas as "FRESH communities" (underserved in terms of fresh food access). The FRESH program offers incentives such as additional floor area and reduced parking requirements to attract full-line grocery stores, which could be an incentive for specific types of commercial development in C8 zones if applicable.