Vacant Four-Unit Multifamily with
54-58 Van Riper Street Staten Island, NY 10302
For Sale
Contact for pricing
Two detached two-family buildings offer four five-room apartments with basements and walk-up attics, delivered vacant as-is.
Property Size3,472 SF
Lot Size0.20 Acres
Price / SF$374.40
Days on Market82
Property Features for 54-58 Van Riper Street
General Information
- Standard status
- Active
- Size
- 3,472 SF
- Lot size
- 0.20 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1930
Listing Agency:
Martino Realty Group
Listed By:
Dawn Nasella · License #40NA0788642
Source:
Crexi
Added: May 6
Changed: Jul 23
Last Checked: Jul 25 at 2:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Martino Realty Group
Investment Insights
Based on property information with market context.
This sale consists of two detached two-family buildings totaling four residential units. Each building is configured with two five-room apartments, currently set up as 2-bedroom units with potential to be reconfigured as 3-bedroom layouts. The property also includes full basements and walk-up attics, providing additional storage and possible space for future improvements. The buildings are being sold as-is and will be delivered fully vacant at closing.
The site is located in the Port Richmond section of Staten Island, positioned near major shopping corridors, public transportation, and key highway and bridge access points.
The lot is described as suitable for expansion or redevelopment, with zoning indicated as C2-1, R3-2, and R3A.
The site is located in the Port Richmond section of Staten Island, positioned near major shopping corridors, public transportation, and key highway and bridge access points.
The lot is described as suitable for expansion or redevelopment, with zoning indicated as C2-1, R3-2, and R3A.
Key Highlights
- Two detached two‑family buildings (4 total apartments) on an 88 x 101 lot in Port Richmond, Staten Island
- Year built 1930; each building has two five‑room apartments currently configured as 2‑bedroom units
- Potential to convert units to 3‑bedroom layouts to support income growth
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $129.2k | $37.20 |
| − Vacancy | −$5.8k | −$1.67 |
| EGI | $123.3k | $35.53 |
| − OpEx | −$37.0k | −$10.66 |
| NOI | $86.3k | $24.87 |
3,472 SF · lease $37.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,342 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$1.10M
$962.4K – $1.28M
NOI $76,995 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,966 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Two detached two-family buildings offer four five-room apartments with basements and walk-up attics, delivered vacant as-is.
Where is this quadplex located?
The property is located at 54-58 Van Riper Street Staten Island, NY.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Two detached two‑family buildings (4 total apartments) on an 88 x 101 lot in Port Richmond, Staten Island; Year built 1930; each building has two five‑room apartments currently configured as 2‑bedroom units; Potential to convert units to 3‑bedroom layouts to support income growth
