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
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