Updated Oct 28, 2024
Benzion Zablotsky Acquires Industrial Property In Staten Island For $6.2M
572 Richmond Terrace, Staten Island, New York 10301, United States
$6,225,000
$177/SF
Building Size
35,058 SF
Asset Type
Industrial
Closing
Mar 23, 2022
About this deal
AI
An industrial property located at 572 Richmond Terrace in Staten Island has been sold for a total price of $6,225,000. The sale took place on March 24, 2022. The property spans an area of 35,058 square feet, resulting in a price per square foot of $177.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $6,225,000
- Address: 572 Richmond Terrace, Staten Island
- Market: Staten Island
The buyer of the property was Benzion Zablotsky, while the seller was Abingdon Square Partners. Sean R. Kelly and Stephen Vorvolakos from Ariel Property Advisors represented both parties as brokers in the deal.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Stephen Vorvolakos to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.55%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93