Triborough Gastroenterology Acquires Office Building In Staten Island For $4.9M
2043 Richmond Avenue
10,800 SF
Summary
An office building located at 2043 Richmond Avenue in Staten Island has been sold in a transaction facilitated by Charles L. Brutten of Global Realty Services. The property, which spans 10,800 square feet, features a brand new elevator and 35-car parking. The buyer, Triborough Gastroenterology, plans to convert the office building into their newest office with an on-site surgical center. The property was delivered vacant at closing.
Summary of transaction details
- Property Type: Office
- Sale Price: $4,900,000
- Square Footage: 10,800
- Price Per Square Foot: $453
- Address: 2043 Richmond Avenue, Staten Island
Charles L. Brutten represented the buyer, Triborough Gastroenterology, in their search for a property that met their specific requirements, including a minimum floor plate size, minimum ceiling heights, on-site parking, high traffic, and high visibility. Thanks to his focused search effort, he was able to deliver the sought-after asset within just one month.
The financing for this transaction, provided by Bank of America's Practice Solutions division via Yan Sushchevich, was secured at 85% loan-to-value with a fixed-rate, 15-year term. The timely closing of the deal was made possible through the cooperation between Howard Seidenfeld, the seller's broker, and Charles L. Brutten, the buyer's broker.
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