Swayne Shu Acquires Retail Property In Staten Island For $1.2M
SOLD
$1,238,000
New York
See Similar DealsRetail2,870 SF
Sold 04/07/2022
SOLD
Swayne Shu Acquires Retail Property In Staten Island For $1.2M
1803-1807 Victory Boulevard, Staten Island, New York 10314, United States
See Similar DealsRetail2,870 SF
Sold 04/07/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$431
Total Square Footage:2,870 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,026.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,398.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,868.75
Annual Debt Service$70,425.02
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