Updated Apr 13, 2026
Pioneer Transportation Corp. Acquires Development Site In Staten Island For $7,000,000
448 Sharrotts Road
$7,000,000
$62/SF
Building Size
111,902 SF
Asset Type
Development Site
Closing
Mar 22, 2026
About this deal
AI
The property involved in the transaction is a development site located at 448 Sharrotts Road in Staten Island. The sale price of the asset was $7,000,000, with a total square footage of 111,902 and a price per square foot of $62.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $7,000,000
- Buyer: Pioneer Transportation Corp.
- Seller: English Family
- Brokers: Jeff Fishman, Scott Ellard, Daniel O'Brien, Danny Jones & Caroline Hodes - Newmark
This transaction was facilitated by a team of brokers from Newmark, with key representatives including Jeff Fishman, Scott Ellard, Daniel O'Brien, Danny Jones, and Caroline Hodes, who managed the dealings between the buyer and the seller.
On the Map
$7,000,000
$62/SF
Development Site
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Players
Staten Island Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93