Description

A unique opportunity to own a shovel-ready mixed-use development site plus an additional buildable lot for a 2 family detached home—all located in the highly desirable st. george neighborhood of staten island. this site has everything in place for fast and efficient development with outstanding long-term returns.

primary development site:
* 25' x 75 approved to build a 10-family mixed-use elevator building with commercial space

* no underpinning required - rear foundation already in place, simplifying the build process
* large 1-bedroom units designed for optimal layout and rental appeal
* projected rent: $2,500/month per apartment = $25,000/month residential income
* ground-floor retail space with an estimated $4,000/month rental income
* total potential gross income: $29,000/month

residential lot:
* separate buildable lot included in the sale
* ideal for a detached 2 family family home, owner-occupancy, or additional rental stream
* offers flexibility and added value for developers or end users

site & area advantages:
* located in a federally designated opportunity zone * potential for 35-year tax abatement
* steps to the staten island ferry - 25-minute free ride to manhattan
* across from a major transit hub, ensuring constant foot traffic for the commercial space
* close to empire outlets, bay street landing, top-rated restaurants, and new luxury waterfront developments
* 1,000+ new residential units coming to the neighborhood, driving continued growth and demand
* short walk to the local police precinct and community services

investor highlights:
* plans and dep approvals being processed - will be delivered approved
* immediate rental potential of up to $348,000 annually
* significant appreciation potential in one of nyc's most affordable and fast-rising markets
.

• Property Type

  Land

• County

  Richmond

• Style

  Land

• AD ID

  50169723