Dennis Barr - John J Lease Realtors Logo
$7,100,000
( $162.47Per Sq Foot )
 $38,114 est/mo Sourced by Back At You

15 Davidson Court,Staten Island, NY 10303

Staten Island, NY 10303

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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 ApartmentsLiving Room, Kitchen, and Full Bathroom 17 Two-Bedroom ApartmentsLiving Room, Kitchen, and Full Bathroom 4 Studio ApartmentsKitchen 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

Details

MLS #967223
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1989
Days On Site187
Listing Provided ByEXP Realty | Marquis Robinson

Features

SQ Feet43,700
Units38
Acreage1.27

Interior

CoolingWall/Window Unit(s)
HeatingForced Air, Natural Gas
AppliancesDishwasher, Microwave, Refrigerator, Gas Water Heater

Exterior

Construction MaterialsFrame, Vinyl Siding

Parking

Parking FeaturesParking Lot

Utilities

UtilitiesSee Remarks
SewerPublic Sewer

Taxes

Tax Year2024
Tax Annual Amount100096

Area Information

StateNY
CountyRichmond (Staten Island)
CityStaten Island
Zip Code10303
Listing VS Median (in 10303)
Price:
$7,100,000
low | high
Med:
$625,000
100% of Average
sqft:
43,700
low | high
Med:
2,000
100% of Average
$ / sqft:
$162
low | high
Med:
$313
42.341549295775% of Average
On site:
187
low | high
Med:
140
100% of Average
Sourced by Back At You

Market Activity 10303

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Learn More About This Property

Dennis Barr

Dennis Barr

John J Lease REALTORS

 (845) 527-5125dennybarr@johnjleaserealtors.com
StateNY
CountyRichmond (Staten Island)
CityStaten Island
Zip Code10303
Listing VS Median (in 10303)
Price:
$7,100,000
low | high
Med:
$625,000
100% of Average
sqft:
43,700
low | high
Med:
2,000
100% of Average
$ / sqft:
$162
low | high
Med:
$313
42.341549295775% of Average
On site:
187
low | high
Med:
140
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $5.325M - $8.875M
sqft: 32,500 - 54,500
Nearby Listings Property ImageNearby Listings Details
15 Davidson Court Property Photo 1
$7,100,000
15 Davidson Court
Staten Island, NY 10303
Listing Updated: July 20, 2026 at 9:46:17 AM PDT

Dennis Barr - John J Lease Realtors