Address
15 Davidson Court, Staten Island, NY
Price
$ 7,100,000
Property Attributes
- MLS#966480
- TypeCommercial
- Listing Status Active
- CountyRICHMOND
- CityStaten Island
- Zip10303
- StyleMulti Family
- Year Built1989
- Taxes$ 100096
- Price$ 7,100,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage43700
- Lot Size1.27 Acres
Data Source:
Listings courtesy of OneKey® MLS as distributed by MLS GRID
Property Description
Located in the borough of Staten Island, this 38-unit multifamily apartment complex presents a rare opportunity to acquire a fully occupied, income-producing asset situated on over 1.25 acres. Property Overview The offering consists of four separate buildings, each independently metered with: Separate water meters Separate electric meters Separate gas meters Individual hot water heaters This setup enhances operational efficiency and simplifies expense allocation. Unit Mix (Total: 38 Units) 17 One-Bedroom Apartments Living Room, Kitchen, and Full Bathroom 17 Two-Bedroom Apartments Living Room, Kitchen, and Full Bathroom 4 Studio Apartments Kitchen and Full Bathroom All 38 units are fully occupied, providing immediate, stabilized income. Financial Highlights Gross Monthly Income: Approximately $66,000 Gross Annual Income: Approximately $792,000 Occupancy: 100% Estimated Cap Rate: ~8% The property is being offered at a valuation that supports a roughly 8.5% capitalization rate, presenting an attractive return profile for investors seeking stable cash flow in a strong New York City submarket. Value Add: -Room to add another 5-6 units or a laundry center for convenience (Must hire engineer & architect) -Owner is currently not charging for parking -The property typically sees one to two units per year convert to free-market rents, creating ongoing upside potential through natural tenant turnover
| Price History | |
|---|---|
| 3/3/2026 | Listed $6,899,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Natural Gas |
| Cooling | Wall/Window Unit(s) |
| Utilities | See Remarks |
| Appliances | Dishwasher,Microwave,Refrigerator,Gas Water Heater |
| Construction Materials | Frame,Vinyl Siding |
| Year Built | 1989 |
| Tenant Pays | Electricity,Gas,Heat,Water |
| Property Subtype | Multi Family |
| Tax Year | 2024 |
| County | Richmond (Staten Island) |
| Insurance Expense | 42000 |
| Property Type | Commercial Sale |
| City | New York |
| Number Of Units Total | 38 |
| Property Attached Y/N | No |
| Tax Annual Amount | 100096 |
| Water Sewer Expense | 36000 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Cap Rate | 9 |
| PostalCity | Staten Island |
| AttributionContact | 888-276-0630 |
| Listing Appliances | Dishwasher, Microwave, Refrigerator, Gas Water Heater |
Interior Features
| Basement (Y/N) | No |
|---|
Exterior Features
| Parking Features | Parking Lot |
|---|---|
| Water Source | Public |
| Total Parking | 38 |
| Parking Spaces | 38 |
| Parking Features | Parking Lot |
| Building Area Total | 43700 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 10303
Price
Taxes
Year Built
Visits
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