PendingNorth Shore, Staten Island
$1,299,900
54-58 Van Riper Street, Staten Island, NY 10302
12 beds 4 baths 3,472 sq ft
Photos
1 / 791 / 7941 days on market · Listed May 5, 2026
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.
54-58 Van Riper Street is a 12-bedroom, 4-bathroom multi-family home for sale in Port Richmond, on Staten Island's North Shore. It offers approximately 3,472 square feet of living space and was built in 1930. It is offered at $1,299,900, MLS# 2602257.
Inside, 54-58 Van Riper Street features a two layout, a full and Unfinished basement, natural Gas and Hot Water heat and units cooling. For parking, the property offers off Street and On Street. It sits on a lot of roughly 8,888 square feet (about 0.2 acres).
Set in Port Richmond, 54-58 Van Riper Street enjoys all the character of Staten Island's North Shore — historic waterfront neighborhoods, the free Staten Island Ferry to Lower Manhattan, parks, and a lively, walkable feel. Annual property taxes are approximately $10,259. To tour 54-58 Van Riper Street in Port Richmond, contact Neuhaus Realty — Staten Island's #1 real estate agency since 1969 — to schedule a private showing.
MLS# 2602257. Listing courtesy of Martino Realty Group. 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 | $10,259 | $39,360-5.2% |
| 2026 | — | $41,520-4.0% |
| 2025 | — | $43,260-2.8% |
| 2024 | — | $44,520+22.8% |
Assessment history from the NYC Department of Finance. Property tax figure from the listing; amounts may vary with exemptions and abatements.
