January 2019

Found 13 blog entries for January 2019.

1267 Forest AveJust Listed! Fantastic commercial real estate opportunity to own and operate a hidden gem of a pizzeria in the heart of bustling Port  Richmond located on Forest Ave.  Join National tenants such as; Verizon, Allstate Insurance, CKO Kick Boxing and a Staten Island favorite, Crown Palace Chinese Restaurant.  This location sees continuous traffic throughout the day and provides abundant parking!  Top billing on top of the shopping center marquee. All equipment is in Immaculate Condition!!    Turnkey opportunity!  All this pizzeria needs is an energetic operator to thrive off of the already existing customer base.  Currently a new 5 + 5 year lease and  a brand New Lotto machine installed.

For more information contact Anthony at 718.816.7799 or email

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Owners of commercial real estate often lease their spaces through one of the various types of net leases. In a net lease, landlords usually charge tenants a lower base, plus additional costs for typical operational expenses of the space. These additional costs can include real estate taxes, insurance, maintenance, janitorial services, management, landscaping, and many other costs. The primary difference between a net lease and a gross lease is that the rent in a net lease can vary based on the associated costs of operating the building, while in a gross lease, the tenant pays a fixed amount every month. 

 

The most common type of net lease is the NNN Lease (Triple Net Lease). In a triple net lease, the tenant is responsible for paying a base rent

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Travis Staten IslandTravis is one of the oldest and isolated neighborhoods on the island, and one of the most unique with its interesting mix of residential and industrial real estate, deep military history, proximity to all major highways and transportation, and tranquil farm-like surroundings despite being so close to so much! 

 

Originating as an old Indian village, like most nations in this great country, the area was named New Blazing Star Ferry during Revolutionary times and was a skirmish site of the Battle of Staten Island. For decades dating from 1757, the area was a major part of the route between Philadelphia and New York via the Port Richmond Ferry as well as via present-day Victory Blvd, one of Staten Island's busiest thoroughfares. When it was first

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3896 Richmonda AveAnnouncing the availability of 3986 Richmond Ave for lease.  This is a rare opportunity to place your business on Staten Island’s hottest retail corridor, Richmond Ave which is home to the Staten Island Mall and many other national brand tenants.  Approximately 2,500 to 4,000 sf of prime retail space is available for lease in a strip center which includes Pro Health Urgent Care and the popular Campania Restaurant.  Ample off-street parking is available in the rear of the premises which is located on the corner of Richmond Ave. and Amboy Rd., two main arteries which provide great exposure and easy access.  MTA Express and local bus lines as well as the SIRR Train station are just steps away. 

Call Sonia today for further details at 718.816.7799 or email

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Staten Island Ferry SystemI was thrilled to read the article in the Staten Island Advance announcing that Staten Island is being added to the city’s fast ferry system. I would like to start off by thanking Mayor Bill de Blasio, Borough President James Oddo, and Councilwoman Debi Rose for their herculean effort bringing this route to Staten Island.  

 

It goes without saying that this is such a boom for the north shore and our surrounding commercial real estate and residential real estate projects such as Empire Outlets, URBY, Liberty Towers, and Downtown Plaza. This new route will enable Staten Island commuters the ability to get to Downtown and to Midtown on the West side in a much shorter amount of time.  The Staten Island Ferry currently has over 70,000 riders per day and

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 In commercial real estate, when a company is leasing space for the operation of their business, there is no one way to pay for that lease. In fact, there are several types of leases in commercial real estate that a tenant and landlord can negotiate. Depending on the type of business, there are some leases that may be better suited. 

 

            One type of lease is a gross lease. This is one of the simplest commercial leases because the tenant makes fixed lump-sum payments that are all-inclusive. In a gross lease, the landlord is responsible for all expenses associated with the space including property taxes, insurance, and maintenance, while the tenant has a fixed rental payment. Typically, a landlord will charge a rental amount that reasonably

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I was thrilled to read an article from New York Post on St. George being listed as one of the hottest NYC neighborhoods for 2019. We are proud to be one of the pioneering firms in St. George and Stapleton over the last few years. Casandra Properties has been involved in many projects on the North Shore.  

Originally, we did the initial assemblage and worked through the entitlement process for The View that resulted in some of the highest rental comps that St. George had ever seen. We then subsequently sold the building for $22m to a local investor. We are proud to report the building is at 90% occupancy and serves as a cornerstone in the neighborhood.

We were the exclusive reps that sourced the land, brought the developer through the approval

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Right of first refusalRFR stands for the right of first refusal. This is a contractual right (not obligation) that gives the holder of this right priority over anyone else to enter into a transaction with a person or business. The parties involved usually include the seller, the holder of the right, and third party interested buyer. If the holder of this right declines the opportunity to enter into an agreement, then the other party may re-open bidding to other interested parties. RFR’s aren’t just present in real estate sales agreements but can also be present in the sale of any asset, like personal property, a patent license, a screenplay, and an interest in a business. 

 

In real estate, the right of first refusal is a provision that often exists in a lease or another

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Home Available for Lease!

260Alverson

 

260 Alverson Ave is a residential home located in Rossville, Staten Island and is available for lease immediately. The home features 3 bedrooms and 3 bathrooms. It has a beautiful living room with a fireplace and front balcony on the 2nd floor overlooking the golf course, an open kitchen with stainless steel appliances and both hardwood & tile floors. Additionally it has a fully finished basement with bar area, kitchen, and gas fireplace with side access to the backyard. Great backyard for entertaining with a heated pool (must provide insurance). Attic area, laundry room and lots of storage space as well as garage access. NO SMOKING! NO PETS!

 

The house is right across from the Grand Oaks Country Club and is

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The Hope Shoppe CPOne of the most rewarding aspects of being a commercial realtor is watching your clients enjoy success with their businesses, and watching the business transition from inception to finding its identity. In 2018, two of our clients have received notable recognition: The Coupe and The Hop Shoppe, both in Stapleton.

The Coupe, located at 379 Van Duzer St., was named by New York Magazine as Staten Island’s first “serious cocktail lounge.” The Coupe is noted for serving craft cocktails made with hand-carved ice and a curated menu of quality bar food, served in a relaxing, romantic atmosphere that extends into the wee hours of the morning.

A short walk away is The Hop Shoppe at 372 Van Duzer St., a fun, eclectic atmosphere for good food and more than 200

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