Updated Oct 28, 2024
Kartsonis Realty Acquires Development Site In Heartland Village For $4.45M
2259 Richmond Avenue, Staten Island, New York 10314, United States
$4,450,000
$556/SF
Building Size
8,004 SF
Asset Type
Development Site
Closing
Jun 23, 2022
About this deal
AI
A development site located at 2259 Richmond Avenue in Heartland Village has been sold for a price of $4,450,000. The buyer of the property is Kartsonis Realty, while the seller is Stephen Fiszel. The property, which spans over 8,004 square feet, is situated in the Heartland Village market.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $4,450,000
- Address: 2259 Richmond Avenue
- Buyer: Kartsonis Realty
- Seller: Stephen Fiszel
- Market: Heartland Village
- BSF: 8,004
- PPBSF: $555
This transaction involves the purchase of the development site by Kartsonis Realty from Stephen Fiszel. The property, located at 2259 Richmond Avenue, offers a total square footage of 8,004. The deal was conducted in the Heartland Village market.
On the Map
$4,450,000
$556/SF
Development Site
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New York Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93