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$7,500,000
Est. payment /mo
32,130 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Square Footage 32,130 sqft
Price per Sqft $233
MLS Listing ID 2604582
Annual Tax Amount $133,051
Lot Size 0.738 Acres
Acres 0.74
Lot Dimensions 153X210
Property Sub-Type Residential
Source Staten Island Multiple Listing Service
Property Description
Exceptional development and repositioning opportunity in the St. George section of Staten Island. The property consists of an existing building offering significant potential for renovation, reconfiguration, and residential redevelopment. The property is being positioned for a proposed 68-unit residential configuration, creating an opportunity for an investor or developer to pursue multiple exit strategies, including condominium conversion and individual unit sales or renovation and retention as a multifamily rental asset. The proposed redevelopment provides substantial flexibility for a value-add strategy, allowing the purchaser to evaluate the existing structure, optimize the residential layout and unit mix, modernize the building, and potentially create a stabilized income-producing asset.
Location
State NY
County Richmond
Area St. George
Zoning R3A
Building
Sewer Public Sewer
Others
Tax ID 10301
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Listed ByJM Properties
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716