April 2019

Found 11 blog entries for April 2019.

Flying TeeCasandra Properties is excited to announce the latest addition to Empire Outlets.  Flying Tee is a 22,000 SF interactive indoor golf simulator that will bring not only entertainment but a modern ultra-lounge bar and dining service to Empire.  The deal was brokered by our CEO James Prendamano and Associate Broker Brian McGowan. James was quoted in the Staten Island Advance saying, “At Empire Outlets, we say it’s all about the experience.  TEE SUITE will bring a one-of-a-kind world class food and beverage and golfing entertainment venue to New York City’s waterfront.”

 

Flying Tee provides a unique and interactive experience for guests of all ages and skill levels.  With their state of the art experience coupled with the magnificent views of the

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84 Prospect StCasandra Properties has been exclusively retained to sell the property located at 84 Prospect Street, Staten Island, NY.  This property is comprised of three (3) lots for a combined today of 15,560 SF and will be delivered fully approved for a 50 unit mixed use building.  

 

The building will consist of commercial on both the first floor and lower level along with garage access and the lobby to the residential component.  Floors two (2) through six (6) are completely residential as well as some incredible amenity spaces such as a gym, roof deck, and plenty of remaining roof space for programming.  The tax abatement will have a thirty-five (35) years under the new 421-a (16) abatement program.

 

The Property is well positioned along the

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Healthy Eats
As summer approaches and some of us are looking to shed some of those pounds we gained from excessively eating during this long, brutal winter I thought it would be helpful to share some of my healthier go-to restaurants on the North Shore. Let’s face it: with such a busy schedule and always being on the move, it’s tough to make time to cook and grabbing a slice of pizza seems like the easiest thing to do.

 

However, here are some places I recommend and frequently go to on the North Shore to stay on the healthier side and get that summer “bod” ready to go.

 

Call it a Wrap -1198 Forest Ave

 

Healthier wraps, pizzas, power plates, smoothies, and much more. What else could you ask for?!

 

Eat Better -400 Forest Ave

 

With four

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Empire OutletsCasandra Properties is excited to announce that Lucky Brand has signed a 10-year lease at Empire Outlets. Our CEO, James Prendamano, brokered the deal and stated in the recent article in the Commercial Observer that Lucky is an authentic brand that will be a tremendous addition to Empire Outlets.

 

Lucky Brand Jeans is an American company founded in California in 1990.  Lucky also produces other apparel in addition to their iconic denim such as outerwear, T-shirts and activewear. 

 

With the Grand Opening of Empire Outlets slated for May 15th, many shoppers are eager to have the chance to experience the highly anticipated outlet center.  Lucky joins a tremendous line up of tenants such as Nike, H&M, Gap, Banana Republic, Old Navy, Brooks

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413 New DorpCasandra Properties is pleased to announce that 413 New Dorp Lane has been leased.  This property garnered significant attention due to its highly coveted location near the corner of Hylan Blvd and New Dorp Lane.   This free-standing 5000sf building has an ample parking lot for 35 cars making it perfect for restaurant use.  The property was formerly occupied by Gennaro’s Pizzeria, a beloved Staten Island eatery.  The new tenant, Bravo Pizza has signed a long term lease to open a pizzeria and sports bar concept at the site. Mike and Frank Libretta and their family have been in the restaurant business for over 30 years.  They currently operate six pizzerias Manhattan, including one near Madison Square Garden.  Mike Libretta hopes to follow in Gennaro’s

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White BoardReal estate acronyms or abbreviations can be confusing. They are used to save time and money in advertising ads. Without abbreviations, real estate ads would be costly and lengthy.

Most real estate agents use this lingo, so once you get the hang of them, you will be able to read and understand real estate listings!

4B/2B: Four bedrooms and two bathrooms. A "full bathroom" is a room with a toilet, a sink and a bathtub. A "three-quarter bathroom" has a toilet, a sink and a shower. A "half bathroom" or powder room has only a toilet and a sink.

CMA: Comparative market analysis or competitive market analysis. A CMA is a report that shows prices of homes comparable to a subject home and that were recently sold, are currently on the market or were on

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 James Prendamano

Casandra Properties is extremely excited to announce that our CEO, James Prendamano, has received two mayoral appointments with the New York City Economic Development Corporation. 

 

“I want to thank Mayor DeBlasio, Borough President Oddo and NYCEDC for this opportunity. As a lifelong Staten Island resident, it has always been my passion and goal to serve my community.  I am honored to be serving on these boards that will allow me to raise awareness and connect the dots these amazing programs offer to Staten Island and New York City.”, said James Prendamano.  

 

James will be serving as a director of the New York City Industrial Development Agency (NYCIDA), which provides financing assistant to businesses.  He was also appointed as a

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Home StagingSelling your home is definitely not an easy process...STAGED HOMES SELL FASTER! Agents say that 70% of buyers prefer a staged home over an empty one because staging a home makes it easier for buyers to visualize the property as there’re future home, and 40% of buyers are more willing to walk through a staged home they first saw online!

 

How much does home staging cost? Probably less then you think! As a general rule of thumb, most staggers charge $300.00 to $600.00 for an initial design consultation that’s a small price to pay for the maximum sale of your property! Staging is also something you can do on your own using key pieces you already own, remember keep it simple and clean and get rid of the clutter. Eliminate half of your belongings as

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358 ClevelandNEW MIXED-USE LISTING!!! 358 CLEVELAND AVE— ZONED FOR WATER RECREATION / BOAT RENTAL

$825,000

 A rare double lot (111 X 137), a stone’s throw from the Marina features beautiful harbor views and room for development! Priced to disappear, this mixed-use property provides a picturesque locale for anything from a Boat / Kayak Rental Office, a Fish ‘n Chips Bar and Grill to an Architect’s Office. 

The one-bedroom house on the land was built in 1984 and has 2 full bathrooms and a converted attic space with a spiral staircase. 

The existing two-story building has 2,140 square feet. The view from the balcony off the second story full kitchen is a must-see study in tranquility. That is to say: it’s a beautiful view if you don’t build a 3 story Tudor or

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Opportunity ZonesAs a real estate agent, I along with my team often get calls about investors looking for 1031 investments. When selling a property owned for a long period of time especially in New York City where prices historically have skyrocketed over the years, the owners are often exposed to capital gains. So, their options were always primarily to pay the taxes on the capital gains which can in some cases be as high as 35% +/-  or enter a 1031 like-kind exchange where you replace the sold property for a similar property.  

 

There is now a new program in New York State under the Federal Job Acts of 2017 that provides an alternative for investors facing capital gains. An opportunity zone is a low census tract with an individual poverty rate of 20% or more and

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