Case Properties Sells Retail Asset At 1572 Richmond Road Staten Island For $2.8M
1572 Richmond Road
$2,800,000
$355/SF
Building Size
7,888 SF
Asset Type
Retail
Closing
Jun 11, 2026
AI
The property involved in this transaction is a retail asset located at 1572 Richmond Road in Staten Island. The sale price of the asset was $2,800,000, with a total square footage of 7,888 and a price per square foot of $354.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 1572 Richmond Road
- Market: Staten Island
- Square Footage: 7,888
- Price per Square Foot: $354
- Seller: Case Properties - Caccese Family
- Seller's Representative: Robert Nixon & Joseph Gallo - PreReal Real Estate
Robert Nixon and Joseph Gallo represented the seller in this transaction. PreReal Real Estate has been involved with this asset for an extended period, focusing on repositioning the center and curating the right tenant mix. The representatives express their congratulations to both the buyer and seller on the completion of the deal.
Players
Staten Island Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93