Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in RichmondTown Title is generated by Realmo AI

    1 Milburn Street, Staten Island, NY 10306

    View on Map
    Claim this Listing
    For Sale
    $399,000

    Vacant Land - Staten Island, NY

    Lot size:
    0.11 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    60
    Last Refresh:
    May 29 at 7:06 pm

    Property Features for 1 Milburn Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    100
    Parking features
    Garage
    Standard status
    Active
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2047

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rachel Carlson

    Listing agent Rachel Carlson

    Listing office KELLER WILLIAMS REALTY STATEN ISLAND 1919 HYLAN BLVD, STATEN ISLAND, NY

    Listing date Mar 31, 2026

    MLS# 11684191 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 4,614 sq ft lot in RichmondTown.
    • Zoned R2, allowing for a detached single‑family home.
    • Not affected by DEC regulated wetlands (no permit required).
    • Located on a quiet dead‑end block.
    • Prime Staten Island location close to everything.
    • Survey available upon request.

    Overview

    This 4,614 sq ft vacant lot is located on a quiet dead-end block in RichmondTown, Staten Island. Zoned R2, the property offers the potential for a detached single-family home. According to information provided, the lot is not affected by DEC regulated wetlands, and no permit is required. The property is suitable for builders or end users seeking to customize a home in a Staten Island location. Buyers are advised to consult with an architect for optimal use of the land. A survey is available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Richmond
    State
    New York
    Longitude
    -74.126542
    Latitude
    40.577574

    Nearby Similar for Sale

    • $2,388,888
      5,600 SF

      Standalone Commercial Asset with Drive-Thru

      Former bank building in Staten Island's New Dorp business corridor.
      257 New Dorp Lane, Staten Island, NY 10306
      View Details
    • $1,999,900
      5,772 SF

      Sprawling Two-Family Home with Pool

      Spacious two-family home on a large lot with in-ground pool.
      370 Albourne Avenue, Staten Island, NY 10309
      View Details
    • $1,199,000
      3,450 SF

      Staten Island Commercial Property For Sale

      Income-producing commercial property with flexibility for various professional uses.
      2940 Richmond Terrace, Staten Island, NY 10303
      View Details
    • $780,000
      1,612 SF

      Staten Island Commercial Opportunity

      Versatile commercial property with potential for residential conversion.
      1562 Drumgoole Road E, Staten Island, NY 10309
      View Details
    • $1,250,000
      3,600 SF

      Arden Heights Two-Family Residence

      Two-family home with pool in Staten Island's Arden Heights.
      146 Halpin Ave, Staten Island, NY 10312
      View Details
    • $950,000

      Staten Island Medical Office Building

      Medical office building with high visibility in prime location.
      3767 Richmond Ave, Staten Island, NY 10312
      View Details
    • $1,450,000
      3,200 SF

      Versatile Staten Island Commercial Property

      Single-story commercial building with office space and high ceilings.
      360 Broadway, Staten Island, NY 10310
      View Details
    • $1,380,000
      2,875 SF

      Prime Staten Island Commercial Property

      High-visibility corner property ideal for restaurant, retail, or office.
      1221 Bay Street, Staten Island, NY 10305
      View Details
    • $1,399,900
      3,936 SF

      Colonial Two-Family Home on Staten Island

      Spacious two-family colonial on a large, private lot.
      26 Ficarelle Drive, Staten Island, NY 10309
      View Details
    • $1,099,900
      2,916 SF

      Spacious Staten Island Two-Family Home

      Two-family high-ranch home with income potential in Staten Island.
      201 Arlene Street, Staten Island, NY 10314
      View Details
    • $1,528,000
      2,690 SF

      New Construction Two-Family Home

      New construction two-family home in Staten Island's Shore Acres.
      24 Hope Avenue, Staten Island, NY 10305
      View Details
    • $1,248,000
      2,600 SF

      Spacious Two-Family Corner Property

      Large two-family home in Huguenot, Staten Island with investment potential.
      166 Sinclair Avenue, Staten Island, NY 10312
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 4,614 sq ft lot zoned R2 for single-family home.
    Where is this residential land & home lot located?
    The property is located at 1 Milburn Street Staten Island, NY.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Large 4,614 sq ft lot in RichmondTown.; Zoned R2, allowing for a detached single‑family home.; Not affected by DEC regulated wetlands (no permit required).
    (718) 966-7159
    We can help!
    Listing Contact
    Rachel Carlson
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1 Milburn Street, Staten Island, NY 10306
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!