Updated Oct 29, 2024
EverWest Real Estate Investors Acquires Development Site In Staten Island For $30.6M
1 Nassau Pl, Staten Island, NY 10307, USA
$30,600,000
$9/SF
Building Size
3,148,200 SF
Asset Type
Development Site
Closing
Jan 26, 2020
About this deal
AI
An undisclosed development site located at 1 Nassau Place in Staten Island has been sold for a price of $30,600,000. The property spans a total of 314,820 square feet. The sale price per square foot stands at $97.
Summary of Transaction Details
- Property Type: Development site
- Transaction Amount: $30,600,000
- BSF: 314,820 square feet
- Price Per Square Foot: $97
EverWest Real Estate Investors serves as the buyer in this transaction, while Bridgewater Capital Partners represents the seller.
The development site sale at 1 Nassau Pl, Staten Island, NY 10307, USA in New York, New York sold for $30.6M in 2020. The building is 3,148,200 square feet, implying about 9 per square foot on the published price. This page is the New York, New York file for the 1 Nassau Pl, Staten Island, NY 10307, USA development site sold: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else sold near 1 Nassau Pl, Staten Island, NY 10307, USA around 2020. Published consideration for 1 Nassau Pl, Staten Island, NY 10307, USA is $30.6M, dated 2020. Cite this EverWest Real Estate Investors Acquires Development Site In Staten Island For $30.6M sale when underwriting similar development site product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93