Updated Dec 21, 2023
Michael Caridi Acquires Industrial Property On Staten Island For $2.2M
814 Richmond Terrace, Staten Island, NY 10301
$2,199,000
$176/SF
Building Size
12,450 SF
Asset Type
Industrial
Closing
Jul 12, 2020
About this deal
AI
Located at 814 Richmond Terrace in Staten Island, this industrial property was recently sold in a closed transaction. The property spans 12,450 square feet and was sold for $2,199,000, at an average price of $176 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,199,000
- Address: 814 Richmond Terrace, Staten Island
- Market: Staten Island
The seller of the property was Robert Skeele, while the buyer was Michael Caridi. The transaction was facilitated by the broker Jakub Nowak from The Nowak Group.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93