Steven Wu Purchases Staten Island Property From LNR Property Corporation For $21.5 Million
1 Edgewater St, Staten Island, NY, 10...
$21,500,000
$79/SF
Building Size
269,000 SF
Asset Type
Office
Closing
Nov 20, 2023
About this deal
AI
The property involved in the transaction is located at 1 Edgewater St, Staten Island, NY. The market value is Staten Island, with a sale price of $21,500,000.00. The total square footage of the property is 269,000 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $21,500,000.00
- Address: 1 Edgewater St, Staten Island, NY
- Market: Staten Island
- Seller: LNR Property Corporation
- Buyer: Steven Wu
- Seller's Representative: Jacklene Chesler & Jeffrey Oram - Colliers International
This transaction highlights the involvement of Steven Wu as the buyer acquiring the property from LNR Property Corporation. The sellers were represented by Jacklene Chesler and Jeffrey Oram from Colliers International, ensuring that the transaction was managed by experienced professionals in the field.
Players
Staten Island Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93