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Agree Realty Acquires Retail Asset At 4051 Hylan Boulevard Staten Island For $9.9M

Property Image
SOLD
$9,900,000
Anthony Cerrone
Michael Tuccillo

New York

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Retail12,487 SF
Sold 04/08/2026
the dealplayerscompscontact
Property Image
SOLD

Agree Realty Acquires Retail Asset At 4051 Hylan Boulevard Staten Island For $9.9M

4051 Hylan Boulevard

See Similar Deals
Retail12,487 SF
Sold 04/08/2026
Anthony Cerrone
Michael Tuccillo
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$792
Total Square Footage:12,487 SF
Transaction Type:Sale

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

Michael Tuccillo
Marcus & Millichap
Michael Tuccillo
27 deals$582.4M volume
BROKER
Anthony Cerrone
Marcus & Millichap
Anthony Cerrone
8 deals$104.2M volume
BROKER
AR
Agree Realty
BUYER

Details

SOLD
IMAGE: Michael Tuccillo & Anthony Cerrone DATE: 4/8/2026 ADDRESS: 4051 Hylan Boulevard MARKET: Staten Island ASSET TYPE: Retail BUYER: Agree Realty SELLER: Donato Nicolo SELLER'S REP: Michael Tuccillo (@TheTuccilloGroup) & Anthony Cerrone - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $9,900,000 SF: 12,487 ~ PPSF: $792 NOTE FROM BROKER: The Tuccillo Group of Marcus & Millichap, represented by Michael Tuccillo & Anthony Cerrone, is proud to announce the sale of 4051 Hylan Blvd, Staten Island, NY. Please reach out for similar opportunities on Long Island.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$528,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,172.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,931.05
Annual Debt Service$563,172.61