Updated Oct 29, 2024
NorthPoint Development Acquires Industrial Property In Staten Island For $85M
4101 Arthur Kill Road, Staten Island, NY, USA
$85,000,000
$11/SF
Building Size
7,649,136 SF
Asset Type
Industrial
Closing
Dec 17, 2020
About this deal
AI
Located at 4101 Arthur Kill Road in Staten Island, this industrial property in the Tank Farms area was recently sold for $85,000,000. The lot size of the property is 7,649,136 square feet. The property is zoned as M3-1, SRD, allowing for industrial use.
Summary of transaction details
- Property Type: Industrial (Tank Farms)
- Transaction Amount: $85,000,000
- Lot Size: 7,649,136 square feet
- Market: Staten Island
- Buyer: NorthPoint Development - Nathaniel Hagedorn, represented by Nathaniel Hagedorn
- Seller: Kinder Morgan Liquids Terminals LLC
The buyer, NorthPoint Development, represented by Nathaniel Hagedorn, acquired the property from the seller, Kinder Morgan Liquids Terminals LLC. The transaction took place on December 18, 2020.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93