12 Van Duzer St
Listing Notes
A unique opportunity to own a shovel-ready mixed-use development site PLUS an additional buildable lot for a 2 family detached home-all located in the highly desirable St. George neighborhood of Staten Island. This site has everything in place for fast and efficient development with outstanding long-term returns. Primary Development Site: * 25' x 75 approved to build a 10-family mixed-use elevator building with commercial space * No underpinning required - rear foundation already in place, simplifying the build process * Large 1-bedroom units designed for optimal layout and rental appeal * Projected rent: $2,500/month per apartment = $25,000/month residential income * Ground-floor retail space with an estimated $4,000/month rental income * Total potential gross income: $29,000/month Residential Lot: * Separate buildable lot included in the sale * Ideal for a detached 2 family family home, owner-occupancy, or additional rental stream * Offers flexibility and added value for developers or end users Site & Area Advantages: * Located in a federally designated Opportunity Zone * potential for 35-year tax abatement * Steps to the Staten Island Ferry - 25-minute free ride to Manhattan * Across from a major transit hub, ensuring constant foot traffic for the commercial space * Close to Empire Outlets, Bay Street Landing, top-rated restaurants, and new luxury waterfront developments * 1,000+ new residential units coming to the neighborhood, driving continued growth and demand * Short walk to the local police precinct and community services Investor Highlights: * Plans and DEP approvals being processed - will be delivered approved * Immediate rental potential of up to $348,000 annually * Significant appreciation potential in one of NYC's most affordable and fast-rising markets .
Price in context
Cheaper than 25% of the 24 homes listed nearby right now, which run $609,000 to $1,529,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 416 Westervelt Ave | $609,000 | 4 bd · 3 ba |
| 80 Bay St Lndg Unit 9L | $625,000 | 1 bd · 1 ba |
| 67 Grant St | $689,888 | 3 bd · 2 ba |
| 67 Grant St | $689,888 | 3 bd · 2 ba |
| 65 Grant St | $689,888 | 3 bd · 2 ba |
| 65 Grant St | $689,888 | 3 bd · 2 ba |
| 58 Van Duzer St | $699,999 | 4 bd · 4 ba |
| 49 Tompkins Cir | $700,000 | — |
| 47 Tompkins Cir | $700,000 | — |
| 105 Tompkins Cir | $745,000 | 3 bd · 4 ba |
| 109 Monroe Ave | $748,000 | 5 bd · 6 ba |
| 69 Grant St | $748,888 | 3 bd · 3 ba |
| 90 Bay Street Lndg Apt 8B | $799,999 | 2 bd · 3 ba |
| 10 Bay Street Lndg Apt 8D | $829,000 | 2 bd · 2 ba |
| 90 Bay Street Lndg Apt 4D | $849,000 | 2 bd · 3 ba |
| 222 Daniel Low Ter | $849,999 | 5 bd · 3 ba |
| 74 Montgomery Ave | $859,000 | 3 bd · 3 ba |
| 77-79 Montgomery Ave | $998,000 | 2 bd · 2 ba |
| 56 60 Montgomery Ave | $1,149,000 | 3 bd · 3 ba |
| 442 Saint Marks Pl | $1,250,000 | 8 bd · 6 ba |
| 440 Saint Marks Pl | $1,250,000 | 10 bd · 10 ba |
| 48 Tompkins Cir | $1,450,000 | 6 bd · 6 ba |
| 83 Montgomery Ave | $1,498,000 | 8 bd · 3 ba |
| 90 Bay Street Lndg Apt 9F | $1,529,000 | 3 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more