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55 Richmond Terrace, Staten...

BFC Partners Leases Retail Space At 55 Richmond Terrace, Staten Island
LEASEDRetail

BFC Partners Leases Retail Space At 55 Richmond Terrace, Staten Island

55 Richmond Terrace, Staten Island, N...

Building Size

2,575 SF

Asset Type

Retail

Closing

Feb 10, 2016

AI

Located at 55 Richmond Terrace, Staten Island, New York, the leased property is a retail asset spanning 2575 square feet. The landlord, BFC Partners, facilitated the lease transaction on 02/10/2016 through their representative Louis Puopolo of Douglas Elliman.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Market: Staten Island
  • Landlord's Representative: Louis Puopolo (Douglas Elliman)

The lease deal at 55 Richmond Terrace was orchestrated by Louis Puopolo of Douglas Elliman, representing the landlord, BFC Partners. This transaction underscores the active commercial real estate market in Staten Island, showcasing the demand for retail spaces in the area.

Players

Louis Puopolo

Douglas Elliman

Broker

$29.5M

vol

8 deals

Broker
BFC PARTNERS
BFC PARTNERSLandlord

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