58 Van Riper St - Commercial LAND FOR SALE


Staten Island, NY 10302- Elm Park8,886 SF
$1,299,900 USD
908-346-7625
58 Van Riper St, Staten Island, NY for Sale
$1,299,900 USD
Commercial LAND - FOR SALE
1/73
8,886 SF

58 Van Riper St
Staten Island, NY 10302
Elm Park


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,299,900 USD

PRICE/ACRE

$6,372,246/AC

PRICE/SF

$146 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

54-58 Van Riper St

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.2 AC

LAND SF

8,886 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Gas

ZONING

C2-1-R3A

APN/PARCEL ID

01140-0076,01140-0079

ASK ABOUT THIS PROPERTY

Charles MartinoMartino Realty GroupMore Info
908-346-7625

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Charles MartinoMartino Realty GroupMore Info
908-346-7625

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.