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2455 Hylan Blvd, Staten Isl...

Healthier 2455 Hylan Realty Acquires Retail Property In Staten Island From ACHS Management
SOLDRetail

Healthier 2455 Hylan Realty Acquires Retail Property In Staten Island From ACHS Management

2455 Hylan Blvd, Staten Island, NY, USA

$3,550,000

$541/SF

Building Size

6,560 SF

Asset Type

Retail

Closing

Feb 18, 2021

AI

The retail property located at 2455 Hylan Blvd in Staten Island has been sold in a recent transaction. The property spans an area of 6,560 square feet and was sold for a total price of $3,550,000, resulting in a price per square foot of $541. The seller, ACHS Management represented by Alex Adjmi, completed the sale to the buyer, Healthier 2455 Hylan Realty, represented by Joyce Yee. The transaction was facilitated by broker John Oliveri of STL REALTY LLC.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,550,000
  • Market: Staten Island
  • Address: 2455 Hylan Blvd

John Oliveri from STL REALTY LLC played a crucial role as the broker in this transaction, mediating between the buyer and the seller. Alex Adjmi represented ACHS Management in the sale, while Joyce Yee acted as the representative for Healthier 2455 Hylan Realty. The retail property at 2455 Hylan Blvd continues to be a noteworthy asset in the Staten Island market.

Players

John Oliveri

Broker

$133.9M

vol

18 deals

Broker
Alex Adjmi

Alex Adjmi

ACHS Management

Seller

$100.6M

vol

19 deals

Seller

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

4.47%

Cash-on-Cash

-1.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93