15 Davidson Court, New York, NY, 10303
$7,500,000
$6,899,000
activeLot Size
55,350 sqft
Year Built
1989
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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
Listed by Marquis Robinson, EXP Realty
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Apr 16, 2026, 2:01 PM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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