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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Property Id : 1004506
Price: $ 1,100,000
Property Lot Size: 0 ft2
TaxAnnualAmount: 3170
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ContractStatusChangeDate: 2025-06-13
ListAgentFullName: Jessica Matute
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ListingAgreement: Exclusive Right To Sell
StatusChangeTimestamp: June 13, 2025 at 04:01pm
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OwnerName: Pavillion Hill Terr
ListAgentOfficePhone: 718-524-6673
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ListAgentURL: http://jmpropertiesnyc.com
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ListingContractDate: 2025-06-13
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StreetNumber: 12
StreetName: Van Duzer
ListAgentEmail: jmpropertiesnyc@hotmail.com
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MajorChangeTimestamp: June 13, 2025 at 04:00pm
Directions: Use GPS
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