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54 - 58 Van Riper Street

Staten Island, NY 10302
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SqFt8,888

Sqft(Lot)

Development Site + Income-Producing Asset - Port Richmond, Staten Island Exceptional opportunity for developers and investors to acquire an oversized 88 x 101 parcel in the rapidly evolving Port Richmond section of Staten Island. Positioned near major retail corridors, public transportation, and with convenient access to highways and bridges, this property offers both strong in-place income potential and significant future development upside. The site currently consists of two detached two-family homes (four total units), each configured as spacious five-room apartments with 2-bedroom layouts and the potential to convert to 3-bedroom units. Both buildings include basements and walk-up attics, providing additional flexibility for storage or future use. Projected gross annual income range s from approximately $127,200 to $168,000, with estimated net income between $104,841 and $145,741, yielding a projected cap rate of 7%-10%. This makes the property well-suited as a cash-flowing hold while plans and approvals are pursued. The true value lies in the zoning: C2-1, R3-2, and R3A. This flexible designation opens the door for multiple development strategies. With proper architectural and zoning analysis, the site offers the potential to expand the existing structures, add additional units, or pursue a full redevelopment. Possible scenarios may include constructing three new buildings—such as two residential homes and one mixed-use structure—maximizing both residential and commercial potential. Delivered fully vacant at closing and being sold as-is, this property provides a clean slate for immediate repositioning, redevelopment, or ground-up construction.

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Detail Ic Property Details

Property Type : Land

Price : $1,299,900

AD Id : 77989860

MLS Id : 2602258

Lot Size : 8,888 Sqft(Lot)

County : Richmond

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  • Lot Information

    Lot Dimensions: 88 x 101 Main Square Feet: 8888 Square Feet Lot Size Acres: 0.2 Lot Size Square Feet: 8888

  • Listing Price Information

    Listing Price: $1299900

  • Tax Information

    Parcel Number: 01140-0076, 0079 Tax Lot: 0076 Tax Block: 01140 Annual Tax: $10259
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Staten Island Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Staten Island Multiple Listing Service, Inc. All Rights Reserved.

ByOwner last updated this listing 06/21/2026 @ 11:17

MLS: 2602258 LISTED BY: Dawn Nasella, Martino Realty Group SOURCE: Staten Island Multiple Listing Service

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