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Property profile & analytics
OFF-MARKET Estimated value $845,000
Investment properties

1892 Clove Rd Staten Island, NY 10304-1632

5,772 SF 0.23 ac lot Built 1925
Entity Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US63-2816513
Property summary
AI-generated overview

This exceptional 15,000 square foot land parcel presents a unique investment opportunity on Staten Island's Clove Road, nestled between Hanover Avenue and Britton Avenue in the Concord neighborhood. The property comprises two contiguous lots, offering flexible development potential due to its dual zoning designation: R3-1 and C2-1. One lot measures 50x100 feet, while the adjacent lot is 100x100 feet. This allows for a variety of development options, ranging from residential to commercial projects, or a combination thereof. The property's zoning allows for exploration of diverse building plans; prospective buyers are encouraged to consult with architects and relevant planning authorities to determine the full scope of permitted construction. The strategic location provides convenient access to the Staten Island Expressway, ensuring a seamless commute to Manhattan. This property is offered for sale as a single entity, representing a compelling opportunity for developers seeking a prime location with significant upside potential. The asking price is $2,490,000. The property is owned by an LLC. Further details regarding the individual lot sizes and zoning specifics are available upon request.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1925
Total area 5,772 SF
Lot 0.23 ac (10,000 SF)
Zoning code R3-2
APN 03155-0033
UPID US63-2816513
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Security Claim Service Insurance Agency
  • Richmond Disability Evaluation Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$892k
Blend (final) Blend
$845k
Owner & transaction history
Flagg Place Dev LLC · 20 yrs held
Flagg Place Dev LLC
since 2006
3 recorded transactions
2006
Price N/A
2004
Price N/A
2004
Price N/A
Zoning & alternative use
R3-2 · Staten Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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