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71 Todt Hill Road

Updated Dec 4, 2024

Olim Abdy Purchases Office Building On Todt Hill Road, Staten Island For $1.55M
SOLDOffice

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

Dave Krause

Compass

Broker

$7.3M

vol

2 deals

Broker

Staten Island Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $203 per square foot on a published $1.6M for 7,600 square feet (2024).

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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

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