5 Milbank Road, Staten Island, NY 10306 (MLS # 2601142)

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View Virtual Tour PRICE $519,000 BEDS 2 BATHS 1 HOME SIZE 516 sqft LOT SIZE 4,792 sqft Request More Info Schedule a Showing

Rare opportunity at 5 Milbank Road in New Dorp Beach, Staten Island - a unique property offering three adjacent lots with income already in place. This single family bungalow sits on THREE separate lots totaling approximately 4,800 square feet, creating a rare chance to own multiple parcels in one purchase. Whether you are searching for Staten Island land for sale, a development site, or an investment property with future upside, this property offers flexibility that is difficult to find in today's market. The existing bungalow includes 2 bedrooms, 1 full bathroom, a finished basement with separate entrance, and a combined living and dining area. The home is currently rented for 2,600 per month, providing immediate income that can help offset carrying costs while a buyer explores future plans. The real value is the land. Three lots are being sold together, giving buyers the ability to hold, develop, subdivide, or build in the future depending on their goals. Buyers should consult with an architect or design professional to evaluate subdivision or redevelopment possibilities. Located in New Dorp Beach near New Dorp Lane, shopping, restaurants, beaches, parks, and the Staten Island Railway, this property combines income, land ownership, and development potential in one purchase. Ideal for buyers searching for: "¢ Staten Island development opportunity "¢ Staten Island investment property with income "¢ Staten Island land or building lots for sale "¢ Builder or investor opportunity in Staten Island Collect rental income while you plan the future potential of the property. Opportunities with multiple lots and existing income rarely come to market in Staten Island.