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55 Richmond Terrace, Staten...

Updated Oct 29, 2024

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

7,172 SF

Asset Type

Retail

Closing

May 3, 2017

About this deal

AI

The property at 55 Richmond Terrace, Staten Island, NY, is a Retail asset spanning 7172 square feet. The landlord, BFC Partners, closed a lease transaction on May 3, 2017. Michael Brais of Douglas Elliman represented the landlord in the deal.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 55 Richmond Terrace, Staten Island, NY
  • Market: Staten Island
  • Landlord: BFC Partners
  • Landlord's Rep: Michael Brais (Douglas Elliman)
  • Square Feet: 7172

The lease transaction at 55 Richmond Terrace involved BFC Partners as the landlord and Michael Brais from Douglas Elliman as the landlord's representative. The deal was finalized on May 3, 2017, in the market of Staten Island. This transaction underscores the active involvement of key industry players in Staten Island's commercial real estate sector.

Players

Michael Brais

Douglas Elliman

Broker

1 deal

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

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