Fiesta Adult Day Care Secures 10-Year Lease In Staten Island's Victory Boulevard
2200 Victory Boulevard
$40
$40/SF
Building Size
6,000 SF
Asset Type
Office
Closing
Jan 3, 2024
AI
Victory Boulevard Associates LLC has leased a 6,000-square-foot office space located at 2200 Victory Boulevard in Staten Island. The rental rate for the property is $40 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Tenant: Fiesta Adult Day Care
- Landlord: Victory Boulevard Associates LLC
- Brokers: Dov Bleich & Kirill Galperin - Tri State Commercial Realty
- Address: 2200 Victory Boulevard, Staten Island
- Market: Staten Island
- Asking Rent: $40 per square foot
- Lease Term: 10 years
The deal was brokered by Dov Bleich and Kirill Galperin from Tri State Commercial Realty. The lease marks the utilization of the space for adult day care services, making it a significant transaction in the office real estate market.
Players
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93