Joseph Rizzuto Purchases Retail Property At 1659 Richmond Avenue Staten Island For $2.2M

The retail property located at 1659 Richmond Avenue in Staten Island has been sold for $2,200,000. The asset encompasses 2,560 square feet and is priced at $859 per square foot. This property features 270 feet of wrap-around frontage and was delivered vacant at closing.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,200,000
• Address: 1659 Richmond Avenue
• Market: Staten Island
• Square Footage: 2,560
• Price Per Square Foot: $859
• Buyer: Joseph Rizzuto
• Seller: Matthew Scherr
• Buyer's Representative: Scott Plasky & Alexander Arustamian - Marcus & Millichap
• Seller's Representative: Robert Nixon & John Pitera - Prendamano Real Estate

The deal showcases the involvement of key individuals, with Scott Plasky and Alexander Arustamian representing the buyer from Marcus & Millichap, while Robert Nixon and John Pitera represented the seller from Prendamano Real Estate. The property was positioned on a prime corner location in Staten Island, enhancing its accessibility and visibility.