LAND - Staten Island, NY
Prime Development Opportunity in Dongan Hills Colony - 24,780 SF Lot Approved for 4 Custom Homes Located in the highly desirable Dongan Hills Colony neighborhood, this 24,780 square foot lot presents an exceptional development opportunity. Originally approved in 2022 for four homes, this site is perfectly positioned amid multi-million-dollar estates and offers convenient access to the Verrazano-Narrows Bridge for an easy commute to Manhattan and beyond. The current owner/builder, due to a serious health condition, is unable to continue the project. While the permits have expired, they can be reinstated, offering a fresh start for a motivated developer or builder. With the recent implementation of the City of Yes initiative, there is potential to amend the plans to build larger homes up to approximately 3,900 square feet each with an estimated resale value of around $2.2 million per home....
Prime Development Opportunity in Dongan Hills Colony - 24,780 SF Lot Approved for 4 Custom Homes Located in the highly desirable Dongan Hills Colony neighborhood, this 24,780 square foot lot presents an exceptional development opportunity. Originally approved in 2022 for four homes, this site is perfectly positioned amid multi-million-dollar estates and offers convenient access to the Verrazano-Narrows Bridge for an easy commute to Manhattan and beyond. The current owner/builder, due to a serious health condition, is unable to continue the project. While the permits have expired, they can be reinstated, offering a fresh start for a motivated developer or builder. With the recent implementation of the City of Yes initiative, there is potential to amend the plans to build larger homes up to approximately 3,900 square feet each with an estimated resale value of around $2.2 million per home. This rare parcel combines a prime location, strong development potential, and an established neighborhood of luxury homes, making it an ideal investment for those looking to capitalize on Staten Island's flourishing market. A unique chance to build premium residences in one of Staten Island's most sought-after enclaves.
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