Abingdon Square Partners Acquires Industrial Building In Staten Island For $9.2M

The largest transaction for any existing industrial property sold in Staten Island has recently taken place on 01/03/2019. Abingdon Square Partners, represented by Benjamin Atkins and Michael Breskin, acquired an industrial building located at 572-580 Richmond Terrace in Staten Island. The property is situated on an 80,000 square foot lot and offers a total of 40,000 square feet of space. The sale price for this transaction was $9,200,000, resulting in a price per square foot of $230.

Summary of transaction details

• Property Type: Industrial Building
• Transaction Amount: $9,200,000
• Address: 572-580 Richmond Terrace, Staten Island
• Market: Staten Island

The seller, Coty Enterprises represented by Joseph Coty, successfully closed this deal through the brokerage services provided by Jakub Nowak from Marcus & Millichap. It is worth noting that this transaction marks a significant milestone in Staten Island's industrial real estate market.