Triborough Gastroenterology Acquires Office Building In Staten Island For $4.9M

An office building located at 2043 Richmond Avenue in Staten Island has been sold in a transaction facilitated by Charles L. Brutten of Global Realty Services. The property, which spans 10,800 square feet, features a brand new elevator and 35-car parking. The buyer, Triborough Gastroenterology, plans to convert the office building into their newest office with an on-site surgical center. The property was delivered vacant at closing.

Summary of transaction details

• Property Type: Office
• Sale Price: $4,900,000
• Square Footage: 10,800
• Price Per Square Foot: $453
• Address: 2043 Richmond Avenue, Staten Island

Charles L. Brutten represented the buyer, Triborough Gastroenterology, in their search for a property that met their specific requirements, including a minimum floor plate size, minimum ceiling heights, on-site parking, high traffic, and high visibility. Thanks to his focused search effort, he was able to deliver the sought-after asset within just one month.

The financing for this transaction, provided by Bank of America's Practice Solutions division via Yan Sushchevich, was secured at 85% loan-to-value with a fixed-rate, 15-year term. The timely closing of the deal was made possible through the cooperation between Howard Seidenfeld, the seller's broker, and Charles L. Brutten, the buyer's broker.