SOLD
Madison Realty Capital Sells Residential Building In Staten Island For $20M To Investor Benjamin Rusi
224 Richmond Terrace
Co-Op
58,792 SF
58,792 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Co-Op
58,792 sqft
An investor named Benjamin Rusi has purchased a residential building located at 224 Richmond Terrace in Staten Island, New York. The property, measuring approximately 58,792 square feet, consists of 40 residential units and 3 commercial spaces. The transaction took place on January 25, 2018, with Madison Realty Capital, represented by Josh Zegen, as the seller.
Summary of transation details
- Property Type: Residential Building
- Transaction Amount: $20,000,000
- Address: 224 Richmond Terrace, Staten Island, New York
- Market: Staten Island
- Size: 58,792 sqft
- Units: 40 Residential - 3 Commercial
The financing for the transaction was arranged by Jon Cruz, a Senior Lending Advisor, and Russell Nova, the SVP of The Cornerstone Group of NY. The loan was provided by a privately held fund in the amount of $12,000,000. Cassandra Properties, represented by Brian McGowan, Robert Nixon, and John Pitera, facilitated the deal as the broker.
Players
All
7
Agents
5
Agencies
2
Details
SOLD
IMAGE: & LOAN
IMAGE: @MadisonRealtyCapital’s Josh Zegen, @CasandraProperties.INC - Brian McGowan, Robert Nixon and John Pitera
DATE: 01/25/18
ADDRESS: 224 Richmond Terrace
CITY: New York
MARKET: Staten Island
ASSET TYPE: Residential Building
SELLER: Madison Realty Capita - Josh Zegen
BUYER: Investor Benjamin Rusi
LENDER: Privately Held Fund
BROKER: Cassandra Properties - Brian McGowan @big_guyy , Robert Nixon @robb_nixx and John Pitera FINANCING: Financing arranged by Jon Cruz @jcruz2709, Senior Lending advisor and Russell Nova @russellnova, SVP The Cornerstone Group of NY @cornerstone_capital
PRICE: $20,000,000
SF: 58,792 sf ~ PPSF: $340
UNITS: 40 Residential - 3 Commercial
LOAN AMOUNT: $12,000,000View on map
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Address224 Richmond Terrace
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