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Key Details
Sold Price $1,900,000
Property Type Vacant Land
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 24,786 sqft
Price per Sqft $76
MLS Listing ID 2504760
Sold Date 05/15/26
Annual Tax Amount $8,889
Lot Size 0.569 Acres
Acres 0.57
Lot Dimensions 125x198
Property Sub-Type Residential
Source Staten Island Multiple Listing Service
Property Description
Prime Development Opportunity in Dongan Hills Colony — 24,780 SF Lot Approved for 4 Custom Homes
Located in the highly desirable Dongan Hills Colony neighborhood, this 24,780 square foot lot presents an exceptional development opportunity. Originally approved in 2022 for four homes, this site is perfectly positioned amid multi-million-dollar estates and offers convenient access to the Verrazano-Narrows Bridge for an easy commute to Manhattan and beyond.
The current owner/builder, due to a serious health condition, is unable to continue the project. While the permits have expired, they can be reinstated, offering a fresh start for a motivated developer or builder. With the recent implementation of the City of Yes initiative, there is potential to amend the plans to build larger homes up to approximately 3,900 square feet each with an estimated resale value of around $2.2 million per home.
This rare parcel combines a prime location, strong development potential, and an established neighborhood of luxury homes, making it an ideal investment for those looking to capitalize on Staten Island's flourishing market.
A unique chance to build premium residences in one of Staten Island's most sought-after enclaves.
Location
State NY
County Richmond
Area Dongan Hills Colony
Zoning R1-2
Building
Sewer Public Sewer
Others
Tax ID 00845-0016
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