Real Estate News

What Is An Absolute Net Lease?

Lease Agreements 

In commercial real estate, there are several types of lease agreements that landlords can make with tenants. When looking for commercial real estate, it is imperative that tenants understand the terms and structure of the lease agreement. In a net lease, the basic structure usually consists of a base rent amount plus additional costs for typical operational expenses. Typical operational expenses can include property insurance, real estate taxes, maintenance costs, and other expenses. Net leases primarily differ from gross lease in how the rent amount is determined every month. Net lease rent amounts are comprised of multiple costs and expenses that can vary month to month or annually while gross lease agreements call for a…

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39 Willowbrook Rd

Announcing for sale 39 Willowbrook Rd. This well maintained semi-attached house is located in the highly desirable neighborhood of Westerleigh in Staten Island.

This gorgeous neighborhood is exceptional in every way. The classically beautiful and all-American homes found in Westerleigh have helped it build up a reputation of prestige in the area. The community is well-established with an ultra-rich history, and is home to some truly exquisite heritage properties with some dating back to the 1700s.

The three bedroom, three bath home features an open floor plan with a dining room and living room combo area, as well as a eat-in kitchen with granite counter tops and stainless steel appliances. The kitchen leads out to a 20'x15' deck perfect for outdoor…

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1267 Forest Ave

Just 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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What is a Triple Net Lease?

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.  

Triple Net Lease (NNN)

The most common type of net lease is the NNN Lease (Triple Net Lease). In a triple net lease, the tenant is…

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Tranquil Travis

Travis 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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3986 Richmond Ave

Announcing 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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Express Trains and Ferry’s Oh My

I 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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What Is A Gross Lease?

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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Staten Island’s North Shore Has Arrived

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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What does RFR mean?

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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