Patsy Messina Acquires Mixed-Use Property On Amboy Road In Staten Island For $1.1M
3044 Amboy Road, Staten Island, NY, USA
$1,100,000
$107/SF
Building Size
10,200 SF
Asset Type
Mixed-use
Closing
Apr 19, 2021
About this deal
AI
A mixed-use property located at 3044 Amboy Road in Staten Island has been sold in a recent transaction. The property consists of apartments over a community facility. The sale took place on 04/20/2021, with a sale price of $1,100,000. The property spans approximately 10,200 square feet, resulting in a price per square foot of $107.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,100,000
- Address: 3044 Amboy Road
- Market: Staten Island
The buyer in this transaction was Patsy Messina, while the seller was Glen Cosman. The deal was facilitated by Jakub Nowak from The Nowak Group, who represented both parties. Marcus & Millichap NY was the brokerage involved in the transaction.
This sale was an all-cash, non-contingent transaction, despite facing challenges such as a high vacancy factor, existing tenant arrears, and deferred property maintenance. Interested individuals can contact Jakub Nowak at (718) 475-4353 for more details or to discuss the value of their own property or portfolio.
New York 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93