Swayne Shu Acquires Retail Property In Staten Island For $1.2M
1803-1807 Victory Boulevard, Staten Island, New York 10314, United States
$1,238,000
$431/SF
Building Size
2,870 SF
Asset Type
Retail
Closing
Apr 6, 2022
AI
Located at 1803-1807 Victory Blvd., this retail property in Staten Island was recently sold in a closed transaction. The sale was facilitated by brokers Scott Plasky and Alex Arustamian from Marcus & Millichap. The property spans 2,870 square feet and was sold for a price of $1,238,000, resulting in a price per square foot of $431.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,238,000
- Address: 1803-1807 Victory Blvd.
- Market: Staten Island
The buyer in this transaction was Swayne Shu, while the seller was Joseph Laforgia. Scott Plasky and Alex Arustamian from Marcus & Millichap represented both parties in the deal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.81%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93