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Madison Realty Capital Sells Residential Building In Staten Island For $20M To Investor Benjamin Rusi

224 Richmond Terrace
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This Co-Op property located in NY was sold for $20,000,000 about 6 years ago. The brokers of the deal were Russell Nova, Robert "Rob" Nixon, Jon Cruz, John Pitera, and Brian Mcgowan

An investor named Benjamin Rusi has purchased a residential building located at 224 Richmond Terrace in Staten Island, New York. The property, measuring approximately 58,792 square feet, consists of 40 residential units and 3 commercial spaces. The transaction took place on January 25, 2018, with Madison Realty Capital, represented by Josh Zegen, as the seller.

Summary of transation details

  • Property Type: Residential Building
  • Transaction Amount: $20,000,000
  • Address: 224 Richmond Terrace, Staten Island, New York
  • Market: Staten Island
  • Size: 58,792 sqft
  • Units: 40 Residential - 3 Commercial

The financing for the transaction was arranged by Jon Cruz, a Senior Lending Advisor, and Russell Nova, the SVP of The Cornerstone Group of NY. The loan was provided by a privately held fund in the amount of $12,000,000. Cassandra Properties, represented by Brian McGowan, Robert Nixon, and John Pitera, facilitated the deal as the broker.

View Related

Deals
  • Location
    224 Richmond Terrace, Staten Island, NY, USA224 Richmond Terrace, Staten Island, NY, USA
  • Sale Price
    $20,000,000$20,000,000
    $340 PPSF$340 PPSF
  • Area
    58,792 SF58,792 SF
  • Asset Type
    Co-OpCo-Op
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Russell Nova

Russell Nova

Deals58
Financed$250.8M

Robert "Rob" Nixon

Robert "Rob" Nixon

Deals2
Sold$61M

Jon Cruz

Jon Cruz

Deals1
Sold$20M

John Pitera

John Pitera

Deals1
Sold$20M

Agencies

Cornerstone Capital Financing

Cornerstone Capital Financing

Agency
Deals148
Volume$724M

Keller Williams

Keller Williams

Agency
Deals1205
Volume$6B

Social

Deal Summary

SALE & LOAN IMAGE: @MadisonRealtyCapital’s Josh Zegen, @CasandraProperties.INC - Brian McGowan, Robert Nixon and John Pitera DATE: 01/25/18 ADDRESS: 224 Richmond Terrace CITY: New York MARKET: Staten Island ASSET TYPE: Residential Building SELLER: Madison Realty Capita - Josh Zegen BUYER: Investor Benjamin Rusi LENDER: Privately Held Fund BROKER: Cassandra Properties - Brian McGowan @big_guyy , Robert Nixon @robb_nixx and John Pitera FINANCING: Financing arranged by Jon Cruz @jcruz2709, Senior Lending advisor and Russell Nova @russellnova, SVP The Cornerstone Group of NY @cornerstone_capital PRICE: $20,000,000 SF: 58,792 sf ~ PPSF: $340 UNITS: 40 Residential - 3 Commercial LOAN AMOUNT: $12,000,000

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224 Richmond Terrace

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