1892 Clove RdStaten Island, NY 10304

Property Details for 1892 Clove Rd

Year built

1925

Lot size

0.23 AC

Property size (Sq ft)

5,772 SF

Zone code

R3-2

Property type

Investment properties

Property subtype

Live-work space

APN

03155-0033

APU

31550033

Description

This exceptional 15,000 square foot land parcel presents a unique investment opportunity on Staten Island's Clove Road, nestled between Hanover Avenue and Britton Avenue in the Concord neighborhood. The property comprises two contiguous lots, offering flexible development potential due to its dual zoning designation: R3-1 and C2-1. One lot measures 50x100 feet, while the adjacent lot is 100x100 feet. This allows for a variety of development options, ranging from residential to commercial projects, or a combination thereof. The property's zoning allows for exploration of diverse building plans; prospective buyers are encouraged to consult with architects and relevant planning authorities to determine the full scope of permitted construction. The strategic location provides convenient access to the Staten Island Expressway, ensuring a seamless commute to Manhattan. This property is offered for sale as a single entity, representing a compelling opportunity for developers seeking a prime location with significant upside potential. The asking price is $2,490,000. The property is owned by an LLC. Further details regarding the individual lot sizes and zoning specifics are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $954,284

  6.5%

  $880,878

  7%

  $817,958

• Comparable approach

  Method

  Valuation

  Relative Method

  $754,170

  Geo Method

  $754,170

• Alternative Use

  Use

  Valuation

  Residential

  $1,092,288

  Hospitality

  $1,000,530

  Educational

  $832,429

  Medical

  $861,058

  Retail

  $1,294,890

Location Insight

City

Staten Island

County

Richmond

State

New York

Latitude

40.6066

Longitude

-74.088

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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