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Abingdon Square Partners Acquires Industrial Building In Staten Island For $9.2M

572-580 Richmond Terrace
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This Industrial property located in NY was sold for $9,200,000 about 5 years ago. The broker of the deal was Jakub Nowak

The largest transaction for any existing industrial property sold in Staten Island has recently taken place on 01/03/2019. Abingdon Square Partners, represented by Benjamin Atkins and Michael Breskin, acquired an industrial building located at 572-580 Richmond Terrace in Staten Island. The property is situated on an 80,000 square foot lot and offers a total of 40,000 square feet of space. The sale price for this transaction was $9,200,000, resulting in a price per square foot of $230.

Summary of transaction details

  • Property Type: Industrial Building
  • Transaction Amount: $9,200,000
  • Address: 572-580 Richmond Terrace, Staten Island
  • Market: Staten Island

The seller, Coty Enterprises represented by Joseph Coty, successfully closed this deal through the brokerage services provided by Jakub Nowak from Marcus & Millichap. It is worth noting that this transaction marks a significant milestone in Staten Island's industrial real estate market.

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Deals
  • Location
    572 Richmond Terrace, Staten Island, NY 10301572 Richmond Terrace, Staten Island, NY 10301
  • Sale Price
    $9,200,000$9,200,000
    $230 PPSF$230 PPSF
  • Area
    40,000 SF40,000 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Jakub Nowak

Jakub Nowak

Deals67
Financed$352.8M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Jakub Nowak DATE: 01/03/2019 ADDRESS: 572-580 Richmond Terrace MARKET: Staten Island ASSET TYPE: Industrial Building SELLER: Coty Enterprises - Joseph Coty BUYER: Abingdon Square Partners -Benjamin Atkins and Michael Breskin BROKER: Jakub Nowak @nowak_and_partners - Marcus & Millichap SALE PRICE: $9,200,000 SF: 40,000 (80,000 SF Lot.) ~ PPSF: $230 NOTES: This sale is the largest transaction for any existing industrial property sold in Staten Island as measured by price. www.nowakpartners.com

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572-580 Richmond Terrace

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