Abdo Mosleh Acquires Mixed-Use Property In Staten Island For $2M
160 Saint Marys Avenue, 166 Saint Mary's Avenue & 488 Tompkins Avenue
$2,000,000
$78/SF
Building Size
8,500 SF
Asset Type
Mixed-use
Closing
Jan 19, 2023
About this deal
AI
A mixed-use property located at 160-166 Saint Marys Avenue & 488 Tompkins Avenue in the Staten Island market has been sold for $2,000,000. The property spans 8,500 square feet, resulting in a price per square foot of $235. The transaction took place on January 19, 2023, and the seller was Michael J. Petersen, Esq. The buyer, Abdo Mosleh, acquired the property.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $2,000,000
- Address: 160-166 Saint Marys Avenue & 488 Tompkins Avenue
- Market: Staten Island
Daniel O'Brien, Nick Kolbus, and Dylan Walsh from Cushman & Wakefield represented both parties in this transaction as the brokers. They facilitated the deal between the buyer, Abdo Mosleh, and the seller, Michael J. Petersen, Esq.
Players
Staten Island Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93