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.
Based on the average sale price from the Staten Island, NY office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
78 Fort Place Staten Island, NY is a Single Family Home for sale at $7500000 and a lot size of 0.74 Acres Acre(s). 78 Fort Place Staten Island has 0 bedrooms, 0 baths . The property's zip code is 10301 which is in Staten Island, NY
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.