Updated Oct 28, 2024
Storage Post Acquires Industrial Property On Richmond Terrace In New Brighton For $51M
600 Richmond Terrace, Staten Island, New York 10301, United States
$51,000,000
$335/SF
Building Size
152,196 SF
Asset Type
Industrial
Closing
Apr 3, 2022
About this deal
AI
The industrial property located at 600 Richmond Terrace in New Brighton has been sold in a recent transaction. The property spans a total area of 152,196 square feet. The sale price for this transaction was $51,000,000, resulting in a price per square foot of $335.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $51,000,000
- Address: 600 Richmond Terrace
- Market: New Brighton
The buyer in this transaction is Storage Post, while the seller is Abingdon Square Partners.
The industrial sale at 600 Richmond Terrace, Staten Island, New York 10301, United States in Staten Island, New York sold for $51M in 2022. The building is 152,196 square feet, implying about 335 per square foot on the published price. This page is the Staten Island, New York file for the 600 Richmond Terrace, Staten Island, New York 10301, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Staten Island sit in the Market section below. Filter that Staten Island industrial set by closing date to see what else sold near 600 Richmond Terrace, Staten Island, New York 10301, United States around 2022. Published consideration for 600 Richmond Terrace, Staten Island, New York 10301, United States is $51M, dated 2022. Cite this Storage Post Acquires Industrial Property On Richmond Terrace In New Brighton For $51M sale when underwriting similar industrial product around Staten Island, New York.
On the Map
$51,000,000
$335/SF
Industrial
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Players
Staten Island 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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93