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    Staten Island Mixed-Use Development Site Title is generated by Realmo AI

    12 Van Duzer Street, Staten Island, NY 10301

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    Claim this Listing
    Pending
    $1,100,000

    LAND - Staten Island, NY

    Lot size:
    0.09 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    340
    Last Refresh:
    May 18 at 12:06 pm

    Property Features for 12 Van Duzer Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C2-1
    Standard status
    Pending
    APN
    00569-0055
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3170

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Jessica Matute
    Jessica Matute

    Listing agent Jessica Matute

    Listing office JM Properties 4007 Victory Blvd., staten island, NY

    Listing date Jun 13, 2025

    MLS# 2503445 Listing URL

    Copyright © 2026 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Shovel‑ready mixed‑use development site with approved plans.
    • Located in a federally designated Opportunity Zone with potential for a 35‑year tax abatement.
    • Projected gross income of $29,000/month from the mixed‑use building.
    • Steps to the Staten Island Ferry and across from a major transit hub.
    • No underpinning required for the mixed‑use building; rear foundation is already in place.
    • Plans and DEP approvals are being processed and will be delivered approved, allowing for immediate development.

    Overview

    This property presents an opportunity to own a shovel-ready mixed-use development site, accompanied by an additional buildable lot suitable for a two-family detached home, situated in the St. George neighborhood of Staten Island. The primary development site, measuring 25 feet by 75 feet, is approved for the construction of a 10-family mixed-use elevator building that includes commercial space. The rear foundation is already in place, which simplifies the build process. The design incorporates large one-bedroom units intended for optimal layout and rental appeal. The ground floor features retail space. The additional residential lot offers flexibility and added value for developers or end users. Located in a federally designated Opportunity Zone, the site has potential for a 35-year tax abatement. It is located steps from the Staten Island Ferry, providing a 25-minute ride to Manhattan, and across from a major transit hub. The property is also near Empire Outlets, Bay Street Landing, restaurants, and new luxury waterfront developments. Over 1,000 new residential units are planned for the neighborhood. Plans and DEP approvals are being processed and will be delivered approved. The lot size is approximately 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -74.078242
    Latitude
    40.637461

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    FAQs

    What type of property is this?
    Commercial land - Mixed-use development site plus buildable lot in St. George.
    Where is this commercial land located?
    The property is located at 12 Van Duzer Street Staten Island, NY.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: Shovel‑ready mixed‑use development site with approved plans.; Located in a federally designated Opportunity Zone with potential for a 35‑year tax abatement.; Projected gross income of $29,000/month from the mixed‑use building.
    (917) 701-9376
    We can help!
    Listing Contact
    Jessica Matute
    Jessica Matute
    Learn More
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    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.

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