MLS#966480
STATUSActive
PROPERTY TYPECommercial -
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 OverviewThe offering consists of four separate buildings, each independently metered with:Separate water metersSeparate electric metersSeparate gas metersIndividual hot water heatersThis setup enhances operational efficiency and simplifies expense allocation.Unit Mix (Total: 38 Units)17 One-Bedroom ApartmentsLiving Room, Kitchen, and Full Bathroom17 Two-Bedroom ApartmentsLiving Room, Kitchen, and Full Bathroom4 Studio ApartmentsKitchen and Full BathroomAll 38 units are fully occupied, providing immediate, stabilized income.Financial HighlightsGross Monthly Income: Approximately $66,000Gross Annual Income: Approximately $792,000Occupancy: 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
Property Features
Property Type: Commercial -
Cooling: Wall/Window Unit(s)
Heating: Forced Air, Natural Gas
Lot Size: 1.27 Acres
Taxes: $100,096
Year Built: 1989
Feature Descriptions
Appliances: Dishwasher, Microwave, Refrigerator, Gas Water Heater
Building Area Total: 43700
Cap Rate: 9
Days on Site: 127
Exterior: Frame, Vinyl Siding
Heating Units: 38
Maintenance Expense: 21552
Maintenance Expense: 21552
On Market Date: 2026-03-03
Parking Features: Parking Lot
Parking Total: 38
Rental Term: Monthly
Separate Electric Meters: 38
Separate Gas Meters: 38
Sewer: Public Sewer
Tenant Pays: Electricity, Gas, Heat, Water
Units: 38
Utilities: See Remarks
Water: Public
Listed By / Shown By
Listing By
Agency Name: EXP Realty
Agency Contact: 888-276-0630
Shown By
Agent Name: Linda Kyan
Agent Phone: (212) 518-3080
Agency Title: Coldwell Banker American Homes
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. 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.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agent License Information: 40KY1172791
15 Davidson Court | MLS# 966480
This commercial property located at 15 Davidson Court, Staten Island, NY 10303 is currently listed for sale with an asking price of $7,500,000. Search Staten Island real estate on lindakyan.cbamhomes.com today.