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
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