54 – 58 Van Riper Street, Staten Island, NY 10302 (MLS# 2602258)

Listing Courtesy of Martino Realty Group

$1,299,900
54 - 58 Van Riper Street
Staten Island, NY 10302
MLS# 2602258
Status: Pending

54 - 58 Van Riper Street, Staten Island, NY 10302
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Property Description
Development Site + Income-Producing Asset - Port Richmond, Staten Island Exceptional opportunity for developers and investors to acquire an oversized 88 x 101 parcel in the rapidly evolving Port Richmond section of Staten Island. Positioned near major retail corridors, public transportation, and with convenient access to highways and bridges, this property offers both strong in-place income potential and significant future development upside. The site currently consists of two detached two-family homes (four total units), each configured as spacious five-room apartments with 2-bedroom layouts and the potential to convert to 3-bedroom units. Both buildings include basements and walk-up attics, providing additional flexibility for storage or future use. Projected gross annual income ranges from approximately $127,200 to $168,000, with estimated net income between $104,841 and $145,741, yielding a projected cap rate of 7%-10%. This makes the property well-suited as a cash-flowing hold while plans and approvals are pursued. The true value lies in the zoning: C2-1, R3-2, and R3A. This flexible designation opens the door for multiple development strategies. With proper architectural and zoning analysis, the site offers the potential to expand the existing structures, add additional units, or pursue a full redevelopment. Possible scenarios may include constructing three new buildings—such as two residential homes and one mixed-use structure—maximizing both residential and commercial potential. Delivered fully vacant at closing and being sold as-is, this property provides a clean slate for immediate repositioning, redevelopment, or ground-up construction.

Details
Maps
Documents
AddressLegal
Street No.: 54 - 58
Street Name: Van Riper
Street Suffix: Street
County: Richmond
State: NY
Zip Code: 10302
Area Name: Port Richmond
Parcel ID: 01140-0076, 0079
ContractLocation Information
Status: Pending
Marketing/Listing Date: 2026-05-05
List Price: $1,299,900
Current Price: $1,299,900
Sub-Type: Commercial Land
Zoning: R3A
Block: 01140
Lot: 0076
General Property Info
Taxes: 10259
Tax Abated: No
Lot Size SqFt: 8888
Lot Dim: 88 x 101
Irregular: No
Raw Land: Yes
Bldg Approved: No
Septic Approval: No
Gas Available: Yes
Electric Available: Yes
Survey: No
Public Remarks: Development Site + Income-Producing Asset - Port Richmond, Staten Island Exceptional opportunity for developers and investors to acquire an oversized 88 x 101 parcel in the rapidly evolving Port Richmond section of Staten Island. Positioned near major retail corridors, public transportation, and with convenient access to highways and bridges, this property offers both strong in-place income potential and significant future development upside. The site currently consists of two detached two-family homes (four total units), each configured as spacious five-room apartments with 2-bedroom layouts and the potential to convert to 3-bedroom units. Both buildings include basements and walk-up attics, providing additional flexibility for storage or future use. Projected gross annual income ranges from approximately $127,200 to $168,000, with estimated net income between $104,841 and $145,741, yielding a projected cap rate of 7%-10%. This makes the property well-suited as a cash-flowing hold while plans and approvals are pursued. The true value lies in the zoning: C2-1, R3-2, and R3A. This flexible designation opens the door for multiple development strategies. With proper architectural and zoning analysis, the site offers the potential to expand the existing structures, add additional units, or pursue a full redevelopment. Possible scenarios may include constructing three new buildings—such as two residential homes and one mixed-use structure—maximizing both residential and commercial potential. Delivered fully vacant at closing and being sold as-is, this property provides a clean slate for immediate repositioning, redevelopment, or ground-up construction.
Status Change Info
Pending Date: 2026-05-28
Projected Close Date: 2026-07-28
Property Features
Sewer: Public Sewer
Showing Instructions: Call Agent

Listing data provided courtesy of Staten Island Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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