Storage Post Acquires Industrial Property On Richmond Terrace In New Brighton For $51M
SOLD
$51,000,000
New York
See Similar DealsIndustrial152,196 SF
Sold 04/04/2022
SOLD
Storage Post Acquires Industrial Property On Richmond Terrace In New Brighton For $51M
600 Richmond Terrace, Staten Island, New York 10301, United States
See Similar DealsIndustrial152,196 SF
Sold 04/04/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$335
Total Square Footage:152,196 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,719,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$181,192.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$241,766.02
Annual Debt Service$2,901,192.23
Is there something missing? Send suggestions