Real Estate News

Rising Rents in NY

It’s always a pleasure to have the opportunity to discuss Staten Island Real Estate with Tracey Porpora from the Staten Island Advance. Most recently, our CEO James Prendamano, shed some light on the rising rents in Staten Island.  He was quoted saying “The general principals of supply and demand certainly apply here. As Staten Island becomes a more viable option for renters, particularly on the North Shore, the supply, which has been trending upward, simply cannot keep up with the market demands at this time.”

With all that the North Shore has to offer such as magnificent views, close proximity to public transportation and many apartment buildings offering countless amenities it’s no surprise so many people are looking to the North Shore for…

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78 Fort Pl

The Nixon McGowan Team of Casandra Properties is proud to announce their new listing located at 78 Fort Pl.  This one of a kind North Shore building comprised of over 42,000 sf is being offered for sale or long term lease. 

Enjoy access from three streets with multiple loading docks, freight elevator, passenger elevator, and great visibility. There is a private garage in addition to ample off-street parking. The property is spread out over multiple levels and as of right uses include school, long term care facilities, dormitory, philanthropic or non-profit institution with sleeping accommodations. Consult with your architect today as the property does require major renovation. 

For more information contact the Nixon McGowan Team at…

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15 Storer Ave

The Nixon McGowan Team of Casandra Properties is proud to announce their new listing located on the South Shore of Staten Island at 15 Storer Avenue. This brand new warehouse development includes just under 14,000 SF of both ground floor and mezzanine space over 7 bays. The property is uniquely situated on the corner of Storer and Arthur Kill Road with prime visibility. 

This project will include subdivisions of ground floor and mezzanine starting at 1,400 SF. Each of the warehouse bays feature shop bathrooms, 16’5” ceiling heights, 12’ x 10’ garage openings, an upper mezzanine space situated on reinforced concrete slabs.  The buildings will be finished with aesthetically pleasing beige stucco. Each unit will have private parking.

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Shockingly Low & High Residential Sales

Shockingly Low Sale

Legendary rapper 50 Cent purchased his sprawling Farmington, CT estate back in 2003 for $4.1 million, at the time, the most expensive home sale in Farmington, CT. This estate is truly like no other. This opulent 52-room estate in central Connecticut comes complete with 21 bedrooms, 19 full bathrooms, 16 half baths, and a laundry list of lavish amenities, with 50,000 square feet of living space. Aside from the standard living spaces, the home offers unique features like a board room, recording studio, multiple game rooms, a theater, a green screen room, and indoor basketball court, and a nightclub (yes, a nightclub), an indoor pool and hot tub, and a full gym. And that's just on the inside. The grand estate also offers lush…

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Fulfilling Demand in Midland Beach

Besides the proximity to the beach, public transportation, shopping, restaurants, ability to take a tranquil scroll along the boardwalk, Midland Beach's short distance to the Verrazano Bridge makes it a destination in demand with many former Brooklynites; many of whom still have close relatives, businesses, and maintain jobs in their former hometown. Even with all these positive traits and despite the property being located in a flood zone, Casandra Properties was able to secure a higher than average sales price for this large townhouse, selling it for top dollar in the high $570,000's. Whether you're seeking to buy or sell in a hot neighborhood or a latent one, Casandra Properties will make sure to complete the transaction at the highest level of…

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44 Edith Ave

The Nixon  McGowan Team at Casandra Properties is excited to announce this new listing! Impressive luxury all brick center hall colonial located in prestigious South Shore neighborhood of S.E. Annadale. This one of a kind home is located on a private block across from the greenbelt.

This impressive home includes a two (2) story foyer entry, formal LR, formal DR, generous size family room with fireplace and access to backyard deck. Beautifully designed eat in kitchen with Wolfe and Subzero appliances.

The second floor features large master bed with private bath which features skylight for natural light, shower and jacuzzi tub. There are three (3) additional bedrooms with a shared bath.

The lower level includes summer kitchen, bar,…

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2381 Hylan Blvd

First time offered for Sale 2381-91 Hylan Blvd., Staten Island 10306.  With over 24,000 GLA, this fully occupied shopping center is conveniently located mid-Island in the New Dorp/Grant City section of Staten Island.  The highly- visible Hylan Blvd. location boasts an average daily car count of approximately 40,000.   Three floors of commercial space are comprised of a mix of office and retail tenants. Each level is serviced by an elevator making all ADA accessible.   Ample parking on- site and easy accessibility from the Verrazano Bridge and I 278 make this a very desirable location.   

Call Sonia Tomai at 718.816.7799 for further details. 

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Bay Street ReZoning

Our CEO, James Prendamano, recently had the opportunity to speak with Nicholas Rizzi from the Commercial Observer in reference to the rezoning of Bay Street.  The City Planning Commission has approved the rezoning after nearly five years of planning. 

The rezoning that covers a 14-block portion of Bay Street will add an estimated 1,800 new apartments and 6,500 residents.  James was quoted saying, “It will bring much needed additional development and this gives some of our best and brightest and youngest minds the opportunity to stay.” 

In addition to the residential apartments roughly 275,000 square feet of office, retail and restaurant space will be added to the area.  Casandra Properties, Inc. has been intimately involved in the…

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176 Van Buren St

The Nixon McGowan Team at Casandra Properties is excited to announce that 176 Van Buren Street, Staten Island, NY is back on the market!  This listing is definitely not one you want to miss out on!

Features for sale is a single family fully renovated brick home. The first floor features two (2) bedrooms, kitchen, dining and full bath. The second floor includes two (2) more bedrooms, 3/4 bath, exposed brick with tons of light. Finished basement with another full bath. Just minutes away from Staten Island Ferry and the Saint George revitalization. 

For more information contact the Nixon McGowan team at 718-816-7799 or email Brian@CasandraProperties.com or Rob@CasandraProperties.com.

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New Transfer Tax Regulations

James Thompson is a partner at Scamardella, Gervasi, Thomson & Kasegrande P.C and has shared his knowledge of the new Transfer Tax laws with us below.

In April 2019, New York State passed a budget that included substantial changes to the real estate transfer tax laws. A summary is below for your reference. The changes apply only to cities within New York State having a population of one million or more. Accordingly, practically speaking, these changes apply only to transfers of real property in New York City.

Generally, the new rates apply to any transaction closing on or after July 1, 2019. However, it is important to note that there is an exception for any transfers made pursuant to a Contract entered into on or before April 1, 2019 and…

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