SOLDRetail
Stev Kassin Purchases Retail Property At 2505 Richmond Ave Staten Island For $31.5M
2505 Richmond Ave
$31,500,000
$407/SF
Building Size
77,260 SF
Asset Type
Retail
Closing
Mar 15, 2023
AI
The property located at 2505 Richmond Ave in Staten Island is classified as a retail asset. It was sold for a transaction price of $31,500,000.00 and comprises a total square footage of 77,260.0.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $31,500,000.00
- Address: 2505 Richmond Ave
- Market: Staten Island
- Square Footage: 77,260.0
- Buyer: Stev Kassin
- Broker: John Oliveri
Stev Kassin was the buyer involved in this transaction, while John Oliveri acted as the broker representing the buyer for this particular 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93