| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 58th | Poor |
| Demographics | 34th | Poor |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 15 Davidson Ct, Staten Island, NY, 10303, US |
| Region / Metro | Staten Island |
| Year of Construction | 1989 |
| Units | 38 |
| Transaction Date | 2007-08-01 |
| Transaction Price | $2,185,000 |
| Buyer | BEDDING REALTY CORP |
| Seller | DAVIDSON COURT LP |
15 Davidson Ct Staten Island Multifamily Investment
Renter demand is supported by elevated ownership costs and steady household growth within a 3-mile radius, according to WDSuite’s CRE market data. The asset’s 1989 vintage offers relative competitiveness versus older neighborhood stock while leaving room for targeted modernization.
Situated in Staten Island’s Urban Core, the property benefits from a tenant base shaped by a high-cost ownership market and steady 3-mile growth in both population and households, per WDSuite. Neighborhood home values trend high versus national norms, which tends to reinforce reliance on multifamily housing and support pricing power and lease retention. Restaurants score in the top decile nationally, while childcare and pharmacy access are also strong; however, groceries, parks, and cafes are limited locally—an operational consideration for marketing and amenity positioning.
The building’s 1989 construction is newer than the neighborhood’s average vintage from the early 1960s. For investors, this can reduce near-term competitive pressure against older stock, though planning for system refreshes and cosmetic upgrades remains prudent to capture value-add upside and strengthen leasing velocity.
Neighborhood occupancy has been relatively flat over the past five years, and the renter-occupied share of housing units is roughly one-third. By contrast, demographics aggregated within a 3-mile radius show a larger renter pool and continued household gains, which should support demand depth and help stabilize occupancy through cycles.
School options in the neighborhood rate below national norms, while restaurants, childcare, and pharmacies compare favorably. These local dynamics suggest a mixed but serviceable livability profile where proximity to daily needs and employment anchors can offset limited park and grocery options for many renters.
Neighborhood safety compares below both national and metro averages, with the area ranking 210th among 889 metro neighborhoods. In national terms, this places the neighborhood below the midpoint for safety. That said, year-over-year trends in both property and violent incidents have improved, with declines that outpace many U.S. neighborhoods, based on WDSuite’s CRE data.
For underwriting, this points to a market where safety perceptions may require active management (lighting, access control, and community engagement), but the recent downward trajectory in incidents provides a constructive signal to monitor against regional benchmarks.
Proximity to distribution, healthcare, and corporate headquarters underpins a broad employment base that supports workforce renter demand and commute convenience. The list below highlights nearby employers most likely to influence leasing stability for this location.
- Performance Food Group — distribution (2.5 miles)
- Merck — pharmaceuticals (6.5 miles) — HQ
- Prudential Financial — financial services (7.0 miles) — HQ
- Public Service Enterprise Group — utilities (7.1 miles) — HQ
- Dr Pepper Snapple Group — beverage (8.2 miles)
15 Davidson Ct offers a balanced workforce housing thesis: a 1989-vintage, smaller-unit asset in a neighborhood where high ownership costs and strong restaurant/childcare access support renter demand, while 3-mile demographics indicate ongoing population and household growth. According to CRE market data from WDSuite, neighborhood occupancy has been broadly stable over five years, suggesting resilient baseline demand even as livability is mixed by limited grocery and park access.
The asset’s vintage is newer than much of the surrounding housing stock, positioning it well versus older comparables. Targeted capital to modernize interiors and building systems can strengthen competitive standing, support rent trade-outs, and help expand the tenant base drawn by nearby employment nodes and commuting corridors.
- Newer-than-neighborhood vintage (1989) supports competitive positioning with value-add potential
- Elevated ownership costs in the area reinforce reliance on rentals and pricing power
- 3-mile population and household growth expand the renter pool and support occupancy stability
- Proximity to diverse employers underpins workforce demand and retention
- Risks: below-metro safety standing and limited groceries/parks require active management and amenity strategy