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    40 Wards Point Ave Staten Island, NY 10306

    Sponsored
    For Sale
    $2,250,000

    Beachfront lot, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 145,979 square foot waterfront property in Staten Island, NY, presents a unique development opportunity. Located at 40 Wards Point Avenue, 10306, this lot boasts a stunning beachfront location with an elevation of 54 feet above the floodplain, offering peace of mind and breathtaking views. The property features existing city sewer and a robust 400-amp electric service, simplifying the development process. Zoned R1-2 SRD, the land is ideally suited for constructing a substantial residence or multiple homes. Approved plans are available for a luxurious 9,000+ square foot home, encompassing 5 bedrooms and 7 bathrooms, designed for both relaxation and entertainment. Alternatively, the property can be purchased as "land only," allowing for flexible development options, potentially accommodating two or three homes. Conveniently located less than an hour from Manhattan and Brooklyn via car or public transportation, this property offers the perfect blend of tranquil coastal living and easy access to city amenities. Buyers should consult with their architect regarding the new City of Yes zoning reform. The asking price is $2,250,000. A $10,000 bonus is offered to the buyer's agent.

    Property Features for 40 Wards Point Ave

    General Information

    Property type
    Land

    HighLights

    • $10,000 buyer agent bonus.
    • 98,000 SF beachfront lot, 54' above floodplain, R1‑2 SRD zoning.
    • City sewer and 400‑amp electric service.
    • Approved plans for a 9,000+ SF, 5‑bedroom, 7‑bathroom home.
    • Less than 1 hour from Manhattan & Brooklyn.
    • Potential for 2‑3 homes; land‑only sale option available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Staten Island
    County
    Staten Island
    State
    New York
    Longitude
    -74.1298684
    Latitude
    40.5729336

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    FAQs

    What type of property is this?
    Land - Beachfront lot, prime development opportunity.
    Where is this land located?
    The property is located at 40 Wards Point Ave Staten Island, NY.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: $10,000 buyer agent bonus.; 98,000 SF beachfront lot, 54' above floodplain, R1-2 SRD zoning.; City sewer and 400-amp electric service.
    Request Owner's contact information
    40 Wards Point Ave Staten Island, NY 10306
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    Realmo Value Estimation

    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.

    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.

    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
    40 Wards Point Ave Staten Island, NY 10306
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