$1,350,000
$1,299,900
3.9%For more information regarding the value of a property, please contact us for a free consultation.
54-58 Van Riper ST Staten Island, NY 10302
12 Beds
4 Baths
3,472 SqFt
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,472 sqft
Price per Sqft $388
MLS Listing ID 2602257
Sold Date 06/22/26
Style Colonial
Bedrooms 12
Full Baths 4
Construction Status Good
HOA Y/N No
Year Built 1930
Annual Tax Amount $10,259
Lot Size 8,888 Sqft
Acres 0.2
Lot Dimensions 88x101
Property Sub-Type Quadruplex
Source Staten Island Multiple Listing Service
Property Description
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.
Location
State NY
County Richmond
Area Port Richmond
Zoning C2-1-R3A
Rooms
Basement Full, Unfinished
Interior
Heating Natural Gas, Hot Water
Cooling Units
Exterior
Parking Features Off Street, On Street
Building
Lot Description Front Yard, Back Yard
Sewer Public Sewer
Architectural Style Colonial
Structure Type Stucco
New Construction No
Construction Status Good
Others
Tax ID 01140 - 76, 79
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