Charter Realty & Development Leases 41000 Square Feet From Kimco Realty At 2600 Hylan Blvd Staten Island
2600 Hylan BLVD, Staten Island, NY, 1...
Building Size
41,000 SF
Asset Type
Retail
Closing
May 3, 2017
AI
The property involved in this transaction is located at 2600 Hylan Blvd, Staten Island, NY. This lease encompasses a total of 41,000 square feet of space. The market for this property is Staten Island, and it is represented by Kimco Realty as the landlord.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2600 Hylan Blvd, Staten Island, NY
- Market: Staten Island
- Tenant: Charter Realty & Development
- Tenant's Representative: Dan Zelson-Charter Realty & Development
- Landlord: Kimco Realty
- Square Feet: 41,000
The deal involves Charter Realty & Development, who is the tenant securing the lease of the property. Dan Zelson from Charter Realty & Development serves as the representative for the tenant in this transaction, while Kimco Realty acts as the landlord facilitating the lease.
Players
Staten Island Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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