Updated Oct 29, 2024
BFC Partners Acquires Development Site In Staten Island For $2.15M
27 Wave St, Staten Island, NY 10304, USA
$2,150,000
$7/SF
Building Size
294,490 SF
Asset Type
Development Site
Closing
May 18, 2020
About this deal
AI
A development site located at 27-31 Wave Street in Stapleton, Staten Island, has been sold for $2,150,000. The site spans 29,449 square feet and has a price per buildable square foot of $73.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $2,150,000
- Property Address: 27-31 Wave Street, Stapleton, Staten Island
- Market: Staten Island, Stapleton
- Buildable Square Footage: 29,449
- Price per Buildable Square Foot: $73
Rosario Caracci sold the development site to BFC Partners. The transaction was facilitated by brokers Sean R. Kelly, Esq., Michael Tortorici, and John Higgins from ArielPA.NYC.
Note: The site will be merged with [...]
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93