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2600 Hylan BLVD, Staten Isl...

Charter Realty & Development Leases 41000 Square Feet From Kimco Realty At 2600 Hylan Blvd Staten Island
LEASEDRetail

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

Dan Zelson

Charter Realty & Development

Broker

1 deal

Broker
Kimco Realty
Kimco RealtyLandlord
Charter Realty & Development
Charter Realty & DevelopmentTenant

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