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58 Van Riper St
Staten Island, NY 10302 Elm Park

$1,299,900 USD

Land For Sale • 0.2 AC

Property Details

Property Type Land
Lot Size 0.2 AC
Zoning C2-1-R3A

70 Transit Score

80 Walk Score

Description

Prime Four-Unit Investment with Expansion Potential - Port Richmond, Staten Island Rare opportunity to acquire two detached two-family buildings on an oversized 88 x 101 lot in the highly accessible Port Richmond section of Staten Island. Ideally positioned near major shopping corridors, public transportation, and key highway and bridge access points, this property is well-suited for both immediate cash flow and long-term value creation. Each building features two spacious five-room apartments, currently configured as 2-bedroom units with the potential for 3-bedroom layouts. Additional value is supported by full basements and walk-up attics, offering storage or future conversion possibilities. Projected gross annual income ranges from approximately 127,200 to 168,000, with estimated net income between 104,841 and 145,741 depending on final unit configuration—delivering an attractive projected cap rate between 7 and 10. Situated on a C2-1, R3-2, and R3A zoned lot, this property presents a compelling opportunity for expansion or redevelopment. With proper architectural planning, investors may unlock additional unit density and significantly increase overall returns. Property is being sold as-is and will be delivered fully vacant at closing, providing a clean slate for repositioning, renovation, or redevelopment.

Property Flyers

Van Riper

Public Transportation

Commuter Rail	Drive	Walk	Distance
Dongan Hills (Staten Island Railway - New York MTA Subway (The Subway))	13 min	-	4.7 mi
Grasmere (Staten Island Railway - New York MTA Subway (The Subway))	10 min	-	5.5 mi
Airport	Drive	Walk	Distance
Newark Liberty International	16 min	-	10.9 mi
LaGuardia	42 min	-	25.4 mi
John F Kennedy International	41 min	-	28.1 mi

Charles Martino 908-346-7625 Martino Realty Group

58 Van Riper St Staten Island, NY 10302 Elm Park