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Episcopal Church Sells Staten Island Dev Site For $6M, Plans To Develop Single Family Homes

1055 Richmond Road
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This Development Site property located in NY was sold for $6,000,000 about 3 years ago.

A development site located at 1055 Richmond Rd in Staten Island has been sold for $6,000,000. The property, sitting on a lot size of 103,500 square feet, is zoned as R1-2. The buyer plans to sub-divide the existing lot into 19 smaller lots and develop single-family homes.

Summary of transation details

  • Property Type: Dev Site
  • Transaction Amount: $6,000,000
  • Market: Staten Island
  • Zoning: R1-2
  • Address: 1055 Richmond Rd.
  • Lot Size: 103,500 SF

The seller of the property was the Episcopal Church. Full demolition permits were filed in January 2021 in preparation for the development plans. The project aims to construct single-family homes on the newly created smaller lots. The buyer is represented by their respective broker in this transaction.

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Deals
  • Location
    1055 Richmond Rd, Staten Island, NY, USA1055 Richmond Rd, Staten Island, NY, USA
  • Sale Price
    $6,000,000$6,000,000
    $58 PPSF$58 PPSF
  • Area
    103,500 SF103,500 SF
  • Asset Type
    Development SiteDevelopment Site

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Deal Summary

SALE DATE: 02/08/2021 ADDRESS: 1055 Richmond Rd. MARKET: Staten Island ASSET TYPE: Dev Site 🏗 ~ ZONING: R1-2 SELLER: Episcopal Church ⛪️ SALE PRICE: $6,000,000 BSF: 51,750 ~ PPBSF: $115 LOT SIZE: 103,500 SF PERMITS FILED: Full demolition (01/2021) PLANS: Developer plans to sub-divide the existing lot into 19 smaller lots and develop single family homes 🏡

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