Robert Nixon Of PreReal Real Estate Facilitates $10.8M Package Deal Sale In Staten Island
SOLD
$10,800,000
New York
See Similar DealsPackage Deal47,058 SF
Sold 07/01/2024
SOLD
Robert Nixon Of PreReal Real Estate Facilitates $10.8M Package Deal Sale In Staten Island
3333 Hylan Boulevard & 3311 Hylan Boulevard
See Similar DealsPackage Deal47,058 SF
Sold 07/01/2024
Summary
NEW YORK
Asset Type:Package Deal
Price Per Square Foot:$229
Total Square Footage:47,058 SF
Transaction Type:Sale
This package deal consists of two buildings located at 3333 Hylan Boulevard and 3311 Hylan Boulevard in Staten Island, fully leased to a prominent medical group. The total square footage of the properties is 23,529, with a price per square foot of $459 and an overall sale price of $10,800,000.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $10,800,000
- Square Footage: 23,529
- Price Per Square Foot: $459
- Address: 3333 Hylan Boulevard & 3311 Hylan Boulevard
- Market: Staten Island
- Broker: Robert Nixon - PreReal Real Estate
Rob Nixon of the Nixon Team at PreReal Real Estate led the transaction and represented both parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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