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448 Sharrotts Road

Pioneer Transportation Corp. Acquires Development Site In Staten Island For $7,000,000
SOLDDevelopment Site

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

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:

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.

Players

Jeff Fishman

Newmark

Broker

$40.6M

vol

7 deals

Broker

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