Residential - Staten Island, NY
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-oc...
* 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?.
Copyright © 2025 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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