St. George · Staten Island
Opportunity Zones
Opportunity Zones are federally designated communities across the United States where investors can receive significant tax benefits in exchange for long-term investment in local businesses and real estate.
What are Opportunity Zones?
A smarter way to invest in growing communities
Opportunity Zones are federally designated census tracts where investors can defer — and in some cases permanently reduce — capital gains taxes by placing funds into a Qualified Opportunity Fund (QOF). Created by the 2017 Tax Cuts and Jobs Act, the program targets economic growth in underserved areas while creating powerful benefits for long-term investors.
Tax reduction after 5 years
Tax reduction after 7 years
Tax on gains held 10+ years
How It Works
Three steps to unlock your tax advantage
Realize a capital gain
From selling stock, real estate, a business, or other appreciated assets. You have 180 days from the sale to invest.
Invest in a Qualified Opportunity Fund
Roll your gain into a QOF — a vehicle that deploys capital into real estate or businesses in designated Opportunity Zones.
Defer, reduce, and eliminate taxes
Your original gain is deferred until the applicable tax recognition date. Hold for 10+ years and any new appreciation in the fund becomes entirely tax-free.
Our Opportunity Zones
Active investments in St. George, Staten Island
All of Vertus’s active Opportunity Zone projects are located in the federally designated St. George OZ corridor — a rapidly developing waterfront neighborhood with strong fundamentals and direct access to Manhattan via the Staten Island Ferry.
Bay Opportunity Zone I142 Bay Street~68,000 SFBuilding area5FloorsView project →
Bay Opportunity Zone IA139 Bay Street~38,000 SFBuilding area50Residential unitsView project →
Bay Opportunity Zone II / IV25 Victory Blvd · 136 Central Ave · 467 & 469 St. Marks Pl~180,000 SFBuilding area9StoriesView project →
Bay Opportunity Zone III124 Central Avenue~400,000 SFBuilding area~600Parking spacesView project →
Bay Opportunity Zone V181, 209 & 215 Bay St · 25 Minthorne St4ParcelsBay & MinthorneStreet frontageView project →News & Updates
Stay informed on Vertus and the Bay Street Opportunity Zone
Articles
High-rise towers, new shops proposed in overhaul of Staten Island’s Empire Outlets, N.Y. Wheel sites
Expanding Opportunity on Staten Island’s North Shore
Reshaping the North Shore Construction begins at former New York Wheel Site
Community support for new Staten Island Family Court hinges on parking deal
Long-vacant waterfront building rich in Staten Island history to be converted to residential apartments
5 massive projects planned for busy Staten Island intersection ‘Is anyone looking’
Staten Island North Shore Action Plan: Building a Vibrant, Mixed Use Waterfront Community
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