NorthPoint Development pays $85M for industrial in Staten Island

NorthPoint Development through its Np-Ov Bss Ventures – Cincinnati, LLC acquired 4101 Arthur Kill Road from Kinder Morgan Liquids Terminals LLC through the entity Kinder Morgan Liquids Terminals LLC valued at $85 million. The transaction was for 2 parcels, including the tax class tank farms (F8), in Staten Island. The deal closed on December 18, 2020 and was recorded on December 23, 2020.
The property contains a total of 13,433 square feet of built space. The property has 17983272 square feet of available development rights.
NorthPoint is a development company based in Missouri. Kinder Morgan is an energy infrastructure company. Kinder acquired the property July 7, 2005, for $23,000,000.
Over the past five years, there have been 9 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 9 renovation/alteration projects (A2) applied for with a total estimated value of $9,635,000.

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