Nejat Family Acquires Retail Property In Staten Island For $10.4M

The retail property located at 1551 Richmond Avenue in Staten Island has been sold in a recent transaction. The property spans 14,490 square feet and has been sold for a price of $10,400,000, resulting in a price per square foot of $717. The sale was facilitated by broker Frank J. Caporrino. The seller, AVP Holdings represented by J. Puri, sold the property to the Nejat Family.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,400,000
• Address: 1551 Richmond Avenue
• Market: Staten Island
• Square Footage: 14,490
• Price per Square Foot: $717

Frank J. Caporrino played a key role as the broker in facilitating the sale of the property. The seller, AVP Holdings, was represented by J. Puri, while the buyer was the Nejat Family. This transaction highlights the involvement of these individuals and companies in the acquisition and sale of the retail property.