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Lorena And Vincent Theurer Of Approved Energy Acquire 18-Unit Multifamily At 59 Hylan Boulevard For $2.7M

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SOLD
$2,700,000

New York

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MultiFamily19,400 SF
Sold 04/28/2025
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SOLD

Lorena And Vincent Theurer Of Approved Energy Acquire 18-Unit Multifamily At 59 Hylan Boulevard For $2.7M

59 Hylan Boulevard

See Similar Deals
MultiFamily19,400 SF
Sold 04/28/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$139
Total Square Footage:19,400 SF
Transaction Type:Sale

This is a multifamily asset located at 59 Hylan Boulevard in the Rosebank neighborhood of Staten Island. The building features a total of 18 residential units and spans 19,400 square feet. It was sold for $2,700,000, which translates to a price per unit of $150,000 and a price per square foot of $139.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Units: 18
  • Square Footage: 19,400
  • Price Per Unit: $150,000
  • Price Per Square Foot: $139
  • Buyer: Lorena Theurer & Vincent Theurer - Approved Energy
  • Seller: Salvatore Immitti
  • Broker Representation: Vm Realty 22 LLC

Lorena and Vincent Theurer, representing Approved Energy, acquired the property from Salvatore Immitti's Hy-Cliff LLC. This transaction highlights the engagement of both buyers and sellers in the multifamily market segment of Staten Island.

Players

5 deals$23.1M volume
BUYER

Details

SOLD
IMAGE: Vincent Theurer DATE: 04/28/2025 ADDRESS: 59 Hylan Boulevard MARKET: Rosebank, Staten Island ASSET TYPE: Multifamily BUYER: Lorena Theurer & Vincent Theurer - Approved Energy SELLER: Salvatore Immitti SALE PRICE: $2,700,000 UNITS: 18 ~ PPU: $150,000 SF: 19,400 ~ PPSF: $139 NOTE: Lorena and Vincent Theurer of Approved Energy paid $2.7M through Vm Realty 22 LLC for an 18-unit elevator building at 59 Hylan Blvd in Staten Island from Salvatore Immitti’s Hy-Cliff LLC.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53