January 2019

Found 21 blog entries for January 2019.

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. 

What Is The Definition of a Gross Lease?

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. The gross lease definition is when 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

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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 refusal Casandra Properties

RFR 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. 

How Is This Used In Real Estate?

In real estate, the right of first refusal is a provision

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Home Available for Lease!



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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Real Estate AbbreviationsLike any other industry, the real estate industry has its own lingo. When jumping into the real estate market, whether as a new agent/broker, buyer, seller, or developer, it is important get a good grasp on this language to maximize your understanding of real estate and your communication with others within the industry. Here are some commonly used abbreviations used in real estate listings:


A/C: Air Conditioner


AGP: Above Ground Pool


Ba: Bathroom


BDRM/BR: Bedroom


Bsmt/Bsmnt: Basement


CA: Central Air


CAC: Central Air Conditioning 


CC: Common Charges


C/H: Central Heating 


CMA: Comparative Market Analysis


DR: Dining Room


EIK: Eat-In-Kitchen



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I spent a significant bit of time over the holidays looking back. Not so much looking back over the year, but really taking stock of how much things have changed over the last 20 years. From Agriculture to Construction and from Healthcare to Banking, technology has completely transformed all major industries and market segments both domestic and abroad. Old Typewriter and New Macbook Computer

For the most part, we have rolled with the changes and adapted our daily routines to incorporate these technological advances where it was most convenient.

Folks, Real Estate is not only an industry that has also been impacted, it may be one of the market segments that has seen the most dramatic changes. 

I have been around Staten Island Real Estate since I was a toddler. I vividly remember being shuttled

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