15 Davidson CT, Staten Island, NY 10303
15 Davidson CT, Staten Island, NY 10303
15 Davidson CT, Staten Island, NY 10303
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Haniff Baksh

Haniff Baksh

+1(718) 324-6060
$7,500,000
Est. payment /mo
1.27 Acres Lot
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 966480

Rental Info No

Year Built 1989

Annual Tax Amount $100,096

Lot Size 1.270 Acres

Acres 1.27

Property Sub-Type Multi Family

Source onekey2

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

Location

State NY

County Richmond (staten Island)

Interior

Heating Forced Air, Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Gas Water Heater

Exterior

Parking Features Parking Lot

Utilities Available See Remarks

Total Parking Spaces 38

Building

Sewer Public Sewer

Water Public

Structure Type Frame,Vinyl Siding

Others

Special Listing Condition None

Read Less Info
OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by EXP Realty • Marquis Robinson
Nearby Locations

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Haniff Baksh
Haniff Baksh

Broker | License ID: 10311202741

+1(718) 324-6060

4627 White Plains Rd, Bronx, NY, 10470-1612, USA

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15 Davidson CT

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