Updated Oct 5, 2026
SOLDParking Lot
New York City School Construction Authority Purchases Parking Lot In Staten Island For $15.3M
25 Wall Street
Building Size
—
Asset Type
Parking Lot
Closing
Sep 30, 2026
About this deal
AI
A parking lot located at 25 Wall Street in Staten Island has been sold for $15.3 million. The asset is intended for redevelopment as a Curtis High School Annex, with plans to add 100 seats for the facility.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $15.3M
- Buyer: New York City School Construction Authority
- Seller: Affiliate of Muss Development
- Market: Staten Island
This transaction involved the New York City School Construction Authority as the buyer and was facilitated by an affiliate of Muss Development serving as the seller. The redevelopment project aims to enhance educational infrastructure in the area.
On the Map
Parking Lot
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Wall Parking Lot Market Snapshot
Boundary boundary · Parking Lot · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93