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/monthResidential Lot:* Separate buildable lot included in the sale* Ideal for a detached 2 family family home, owner-o...
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/monthResidential 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 usersSite & 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 servicesInvestor 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?.
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