Jacob Jeremias Purchases Retail Property From Flagstar In Staten Island For $2.2M
832 Jewett Avenue
$2,200,000
$404/SF
Building Size
5,440 SF
Asset Type
Retail
Closing
Aug 25, 2025
AI
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
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93