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1 Edgewater St, Staten Isla...

SLSCO Leases 8k SF Office Space At Edgewater Plaza Staten Island
LEASEDOffice

SLSCO Leases 8k SF Office Space At Edgewater Plaza Staten Island

1 Edgewater St, Staten Island, NY, 10...

Building Size

8,000 SF

Asset Type

Office

Closing

Aug 11, 2015

AI

An 8,000 square foot lease was signed by SLSCO at Edgewater Plaza, a Class-A office property located on Staten Island.

Summary of transaction details:

Gateway Arms Realty's Robert Fitzsimmons represented the tenant, SLSCO, in the lease transaction. On the other side, Colliers International's Richard Madison served as the representative for the landlord, Edgewater Plaza Loft LLC.

Players

Richard Madison

Colliers

Broker

$11M

vol

3 deals

Broker

Staten Island Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93