Agree Realty Acquires Retail Asset At 4051 Hylan Boulevard Staten Island For $9.9M
4051 Hylan Boulevard
$9,900,000
$792/SF
Building Size
12,487 SF
Asset Type
Retail
Closing
Apr 7, 2026
AI
The property asset involved in the transaction is a retail space located at 4051 Hylan Boulevard in Staten Island. This asset was sold for a transaction amount of $9,900,000 and encompasses a total area of 12,487 square feet, resulting in a price per square foot of $792.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,900,000
- Address: 4051 Hylan Boulevard
- Market: Staten Island
- Square Footage: 12,487
- Price Per Square Foot: $792
- Buyer: Agree Realty
- Seller: Donato Nicolo
- Seller's Representative: Michael Tuccillo & Anthony Cerrone - Marcus & Millichap
The deal was facilitated by Michael Tuccillo and Anthony Cerrone, representing the seller, Donato Nicolo, through their agency, Marcus & Millichap. The Tuccillo Group is also open to discussing similar opportunities in the Long Island area.
Players
Staten Island 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93