Staten Island Condo Market Overview
Staten Island's housing market is dominated by single-family homes and townhouses, not condos. Condos do exist — especially near the St. George ferry terminal, in new North Shore developments, and in converted older buildings — but inventory is lower than in other boroughs. The upside: less competition and more value for money.
| Neighborhood | Median Condo Price | Down Payment (20%) | Monthly Payment | Income Needed |
|---|---|---|---|---|
| St. George / North Shore | $480,000 | $96,000 | $3,163 | $135,500/yr |
| Stapleton / Clifton | $420,000 | $84,000 | $2,769 | $118,700/yr |
| New Dorp / Midland Beach | $450,000 | $90,000 | $2,966 | $127,000/yr |
| Tottenville / South Shore | $500,000 | $100,000 | $3,295 | $141,200/yr |
| New Construction (North Shore) | $575,000 | $115,000 | $3,790 | $162,500/yr |
| SI Overall Median | $460,000 | $92,000 | $3,032 | $130,000/yr |
Staten Island advantage: A $460K Staten Island condo gets you significantly more space than a Manhattan or Brooklyn apartment at the same price — often 800–1,100 sq ft vs. 400–600 sq ft. The tradeoff is the ferry or expressway commute to Manhattan.
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Staten Island vs. Other Boroughs: Condo Value
| Borough | Median Condo Price | Avg Size (sq ft) | Price Per Sq Ft | NYC Commute (Manhattan) |
|---|---|---|---|---|
| Staten Island | $460,000 | 900 sq ft | ~$511/sq ft | 35–60 min (ferry) |
| The Bronx | $420,000 | 750 sq ft | ~$560/sq ft | 30–50 min (subway) |
| Queens | $560,000 | 700 sq ft | ~$800/sq ft | 25–45 min (subway) |
| Brooklyn | $750,000 | 700 sq ft | ~$1,071/sq ft | 20–40 min (subway) |
| Manhattan | $1,200,000 | 750 sq ft | ~$1,600/sq ft | — |
What to Know Before Buying a Condo in Staten Island
- Ferry commute: The Staten Island Ferry (free) runs 24/7 to/from Whitehall Street in Lower Manhattan. Journey time is 25 minutes. From there, it's subway or walking. Total Manhattan CBD commute: 45–70 minutes from most neighborhoods.
- Lower property taxes: Staten Island has some of the lowest effective property tax rates in NYC — often 0.9%–1.1% of assessed value annually, vs. 1.2%–1.5% in other boroughs.
- Less inventory: With fewer condo listings, you may need to move quickly or be flexible on exact location.
- North Shore development: The St. George and Stapleton areas have seen significant condo development. These units tend to price higher per sq ft but are closest to the ferry.
- Single-family alternative: For the same price as a Bronx or Queens condo, you can often buy a small townhouse or semi-detached home in Staten Island.
HOA / common charges note: Staten Island condos tend to have lower common charges than Manhattan ($300–$600/mo vs. $600–$2,000/mo) because buildings are smaller and amenities are fewer. This reduces the all-in monthly cost compared to other boroughs.
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