Boris Natenzon Purchases Retail Building From Alex Weiss In Staten Island For $4.46M

This is a retail property located at 450 Saint Marks Place in the Staten Island market. The asset sold for $4,460,000 and has a total area of 8,927 square feet. The property comprises a single-story retail building along with an 18-car parking lot. The NYC Dept of Education is a long-term tenant, holding a lease on the building until 2033. Additionally, the site holds 43,983 square feet of buildable space as-of-right for residential development.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,460,000
• Square Footage: 8,927
• Price Per Square Foot: $499
• Buyer: Boris Natenzon
• Seller: Alex Weiss
• Brokers: Scott Plasky & Alexander Arustamian - Marcus & Millichap

Scott Plasky and Alexander Arustamian represented the seller in this transaction. The listing highlighted the existing lease agreement with the NYC Dept of Education, providing stable income through 2033. For those interested in similar property offerings, potential inquiries can be directed to the brokers involved in the deal.