PendingMid-Island, Staten Island
$519,000
5 Milbank Road, Staten Island, NY 10306
2 beds 1 baths 516 sq ft
Photos
1 / 162
Bedrooms
1
Bathrooms
516
Sq ft
1 / 16102 days on market · Listed March 5, 2026
Rare opportunity at 5 Milbank Road in New Dorp Beach, Staten Island - a unique property offering three adjacent lots with income already in place. This single family bungalow sits on THREE separate lots totaling approximately 4,800 square feet, creating a rare chance to own multiple parcels in one purchase. Whether you are searching for Staten Island land for sale, a development site, or an investment property with future upside, this property offers flexibility that is difficult to find in today's market. The existing bungalow includes 2 bedrooms, 1 full bathroom, a finished basement with separate entrance, and a combined living and dining area. The home is currently rented for 2,600 per month, providing immediate income that can help offset carrying costs while a buyer explores future plans. The real value is the land. Three lots are being sold together, giving buyers the ability to hold, develop, subdivide, or build in the future depending on their goals. Buyers should consult with an architect or design professional to evaluate subdivision or redevelopment possibilities. Located in New Dorp Beach near New Dorp Lane, shopping, restaurants, beaches, parks, and the Staten Island Railway, this property combines income, land ownership, and development potential in one purchase. Ideal for buyers searching for: • Staten Island development opportunity • Staten Island investment property with income • Staten Island land or building lots for sale • Builder or investor opportunity in Staten Island Collect rental income while you plan the future potential of the property. Opportunities with multiple lots and existing income rarely come to market in Staten Island.
5 Milbank Road is a 2-bedroom, 1-bathroom home for sale in New Dorp, on Staten Island's Mid-Island. It offers approximately 516 square feet of living space and was built in 1930. It is offered at $519,000, MLS# 2601142.
Inside, 5 Milbank Road features single-level living, a finished and Full basement, natural Gas and Hot Water heat and units cooling. The kitchen includes dishwasher, Dryer, Microwave and Refrigerator. For parking, the property offers off Street. It sits on a lot of roughly 4,800 square feet (about 0.11 acres).
Set in New Dorp, 5 Milbank Road enjoys a central, convenient Mid-Island location — tree-lined streets, neighborhood parks, and quick access to the Staten Island Expressway and the rest of the borough. Annual property taxes are approximately $4,056. To tour 5 Milbank Road in New Dorp, contact Neuhaus Realty — Staten Island's #1 real estate agency since 1969 — to schedule a private showing.
MLS# 2601142. Listing courtesy of Real Broker NY LLC. Listing information is provided by the Staten Island Multiple Listing Service, Inc. Listing data is deemed reliable but is not guaranteed accurate by the MLS.
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2027 | $4,056 | $16,440-7.1% |
| 2026 | — | $17,700-4.5% |
| 2025 | — | $18,540-13.0% |
| 2024 | — | $21,300+22.8% |
Assessment history from the NYC Department of Finance. Property tax figure from the listing; amounts may vary with exemptions and abatements.
