Triangle Equities Leases 35 Bay St To The Learning Experience In Staten Island
35 Bay St, Staten Island, NY, 10301
Building Size
11,000 SF
Asset Type
Commercial
Closing
Apr 19, 2018
AI
The commercial property located at 35 Bay St, Staten Island, NY, 10301 consists of 11,000 square feet. It is situated in the Staten Island market and is managed by Triangle Equities as the landlord. The property is leased to The Learning Experience.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Address: 35 Bay St, Staten Island, NY, 10301
- Square Feet: 11,000
- Landlord: Triangle Equities
- Tenant: The Learning Experience
- Landlord's Representative: Peter Botsaris - Botsaris Morris Realty Group
Peter Botsaris, representing Botsaris Morris Realty Group, facilitated the leasing transaction for the landlord Triangle Equities. The deal involves the tenant, The Learning Experience, which is now occupying the commercial space outlined above.
Players
Staten Island Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93