Murray & Dave Berman Purchase Retail Center In Staten Island For $41M
SOLD
$41,000,000
+ 1
New York
See Similar DealsRetail140,000 SF
Sold 05/30/2018
SOLD
Murray & Dave Berman Purchase Retail Center In Staten Island For $41M
2955 Veterans Road West, Staten Island, NY 10309
See Similar DealsRetail140,000 SF
Sold 05/30/2018
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$292
Total Square Footage:140,000 SF
Transaction Type:Sale
A retail center located at 2955 Veterans Road West in New York's Staten Island has been sold for $41,000,000. The property spans approximately 140,000 square feet, resulting in a price per square foot of around $293.
Summary of transaction details
- Property Type: Retail Center
- Transaction Amount: $41,000,000
- Address: 2955 Veterans Road West, New York
- Market: Staten Island
- Square Footage: 140,000
The seller of the retail center was Guido Passarelli & Son, while the buyers were Murray & Dave Berman. Casandra Properties, represented by James Prendamano, served as the broker in this transaction. The listing agents for the property were Brian McGowan, Celia Iervasi, and Rob Nixon.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,186,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$145,664.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$194,360.92
Annual Debt Service$2,332,331.01
Is there something missing? Send suggestions