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EOM Realty Acquires Multifamily Property On Staten Island For $3.6M

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SOLD
$3,600,000

New York

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MultiFamily19,800 SF
Sold 04/30/2019
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Property Image
SOLD

EOM Realty Acquires Multifamily Property On Staten Island For $3.6M

690 Castleton Avenue, Staten Island, NY 10301

See Similar Deals
MultiFamily19,800 SF
Sold 04/30/2019
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$181
Total Square Footage:19,800 SF
Transaction Type:Sale

The multifamily property located at 690 Castleton Ave in Staten Island has been sold for $3,600,000. Spanning over 19,800 square feet, the property was sold at a price per square foot of $181.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Address: 690 Castleton Ave, Staten Island
  • Market: Staten Island

The buyer of the property is EOM Realty, represented by Noah Friedman. The seller is Doug Candella. The sale was brokered by Friedman Roth Realty Services, with Richard Guarino acting as the sales broker.

Players

Richard Guarino
51 deals$293.6M volume
BROKER

Details

SOLD
IMAGE: Richard Guarino DATE: 04/30/2019 ADDRESS: 690 Castleton Ave MARKET: Staten Island ASSET TYPE: Multifamily BUYER: EOM Realty - Noah Friedman SELLER: Doug Candella SALE BROKER: Friedman Roth Realty Services - Richard Guarino SALE PRICE: $3,600,000 SF: 19,800 ~ PPSF: $181

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

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04