Tagged : news

Found 5 blog entries tagged as "news".

Staten Island rentersJames Prendamano, CEO of Casandra Properties discussed the analysis by the home search platform Localize.city with Tracey Porpora from the Staten Island Advance.  According to the study Staten Island had 2,327 heat-related 311 complaints from renters last year. These complaints are among a total of 221,858 complaints from New Yorkers.  

 

James was quoted saying “Last year Staten Island registered only 1% of the city-wide complaints.  Unfortunately, we are predicting these types of complaints to increase as the new rent laws have significantly impacted investors motivation to invest in this type of infrastructure and upgrades for their buildings overall.”

 

To read the full article click here.

 

For more information about the Staten

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139 Bay StreetCasandra Properties, Inc. CEO, James Prendamano, spoke with Tracey Porpora from the Staten Island Advance to discuss one of Casandra Properties commercial real estate listings, 139 Bay Street, Staten Island.

 

The article states that with condominium prices rising in all other boroughs Staten Island’s North Shore has become a new focus for real estate moguls.  James weighed in on this and was quoted saying, “The proximity to public transportation..coupled with the complete crazy, egregious pricing that developers are experiencing in Manhattan, Brooklyn and the other boroughs, makes Bay Street very appealing.”

 

139 Bay Street is one of three Bay Street buildings on the market.  “The former Fishs Eddy building, and before that a Studebaker

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Front StreetExciting things are on the horizon for the Stapleton Waterfront. The article in the Staten Island Advance gave residents a glance of what is to come on the stretch of waterfront along Front Street. Casandra Properties has been at the forefront of the North Shore revitalization effort and this is yet another exciting development for Staten Island. 

 

The Stapleton Waterfront project is a $120 million investment on 12 acres that will be accessible for the public to enjoy.  The final design is scheduled to be complete in 2020.  This area will provide a playground, BBQ area, sports courts, dog run and more providing Staten Islanders and visitors alike to enjoy the beautiful waterfront that has been underutilized for so many years.  

 

Here at

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It has been recently announced that New York City and New York State have secured federal funding for $400 million in federal funds to build the long-awaited seawall on Staten Island’s East Shore.  Total estimated cost of this project is $615 million.  This area was devastated by Superstorm Sandy in 2012.  The New York Times quoted that 24 of the 48 New York City residents killed were on Staten Island.  This new seawall is expected to protect Staten Island’s eastern coast from strong storms like Sandy that could produce dangerous flooding.  Remaining costs not covered by Federal funding will be footed by New York State which will contribute approximately $150 million and New York City which will contribute approximately $65 million.

Expected to

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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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