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58 Van Riper St - 54-58 Van Riper St 0.09 - 0.12 Acre Commercial Land Lots Offered at $1,299,900 in Staten Island, NY 10302
Executive Summary
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.
Property Facts
| Price | $1,299,900 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 2 | Total Lot Size | 0.20 AC |
| Zoning | C2-1-R3A | ||
| Price | $1,299,900 |
| Sale Type | Investment or Owner User |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.20 AC |
| Zoning | C2-1-R3A |
2 Lots Available
Lot 76
| Price | $1,299,900 | Lot Size | 0.12 AC |
| Price Per AC | $11,214,832.33 |
| Price | $1,299,900 |
| Price Per AC | $11,214,832.33 |
| Lot Size | 0.12 AC |
Prime Four-Unit Investment with Expansion Potential, Two Two-Family Buildings on an 88 x 100 Lot
Lot 79
| Lot Size | 0.09 AC |
| Lot Size | 0.09 AC |
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Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $69,105 | |
| Land Assessment | $14,775 | Total Assessment | $83,880 |
Property Taxes
Parcel Numbers
Land Assessment
$14,775
Improvements Assessment
$69,105
Total Assessment
$83,880
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Presented by
Martino Realty Group
58 Van Riper St - 54-58 Van Riper St
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