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27 Wave St, Staten Island, ...

BFC Partners Acquires Development Site In Staten Island For $2.15M
SOLDDevelopment Site

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

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

John Higgins

Ariel Property Advisors

Broker

$17.6M

vol

4 deals

Broker
BFC PARTNERS
BFC PARTNERSBuyer

New York 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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93