Olim Abdy Purchases Office Building On Todt Hill Road, Staten Island For $1.55M
71 Todt Hill Road
$1,550,000
$203/SF
Building Size
7,600 SF
Asset Type
Office
Closing
May 15, 2024
About this deal
AI
The office property located at 71 Todt Hill Road in Staten Island was sold for $1,550,000. The property spans 7,600 square feet, equating to a price per square foot of $204. The transaction took place on May 15, 2024, with Olim Abdy acquiring the property from DRS Associates. The deal was facilitated by broker Dave Krause.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,550,000
- Buyer: Olim Abdy
- Seller: DRS Associates
- Broker: Dave Krause
- Address: 71 Todt Hill Road
- Market: Staten Island
- Square Footage: 7,600
- Price per Square Foot: $204
The transaction showcases Olim Abdy as the buyer, DRS Associates as the seller, and Dave Krause as the broker who facilitated the deal, bringing together key individuals and companies in the sale of the office property at 71 Todt Hill Road.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93