Jacob Jeremias Purchases Retail Property From Flagstar In Staten Island For $2.2M
SOLD
$2,200,000
New York
See Similar DealsRetail5,440 SF
Sold 08/26/2025
SOLD
Jacob Jeremias Purchases Retail Property From Flagstar In Staten Island For $2.2M
832 Jewett Avenue
See Similar DealsRetail5,440 SF
Sold 08/26/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$404
Total Square Footage:5,440 SF
Transaction Type:Sale
This transaction involves a retail property located at 832 Jewett Avenue in Staten Island. The sale price for this asset was $2,200,000, encompassing 5,440 square feet, which translates to a price per square foot of $404.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 832 Jewett Avenue
- Market: Staten Island
- Square Footage: 5,440
- Price Per Square Foot: $404
- Buyer: Jacob Jeremias
- Seller: Flagstar
- Broker Representatives: Dylan Walsh & Charles Everett - Cushman & Wakefield
This transaction is part of a larger 7-building portfolio that Cushman & Wakefield is actively marketing for sale throughout New York City and Long Island, indicating potential further investment opportunities for interested parties.
Players
BROKERAGE
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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