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Property Description
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/month Residential 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 users Site & 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 services Investor 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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