Real Estate News - commercial

4 Commercial Real Estate Terms

While the Nixon McGowan Team or your local trusty real estate broker will be your guide through many steps within the process of commercial real estate investment, the vocabulary used regularly within the industry may sometimes be intimidating. If this is your first time making the leap from residential to commercial real estate investment/sales, you may not feel as confident initially when talking with sellers. Being aware and informed of the following terms can help to clarify any misconceptions you or your business may have about the commercial real estate market, and can potentially save you time and money in the long run!

Throughout my experience in commercial real estate sales, I’ve compiled a list of fundamental phrases to be mindful of on your…

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1755 Richmond Rd

It is all about location! The Nixon McGowan Team of Casandra Properties is proud to announce their new listing located at 1755 Richmond Road in Todt Hill, Staten Island.  

This property consist of two (2) 1,000 SF retail storefronts located on busy Richmond Road and is adjacent to public transportation. This retail strip center offers off street parking. Spaces can be combined to offer a 2,000 SF open layout.

 Check out more details here on the listing page.

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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Storefront Vacancies on 2 of Staten Island's Corridors

Casandra Properties CEO, James Prendamano, recently had the opportunity to speak with Tracey Porpora of the Staten Island Advance about a recent report conducted by the City Planning Department entitled “Assessing Storefront Vacancy in NYC.” The report highlighted 2 areas on Staten Island; New Dorp Lane and Port Richmond that have experienced storefront vacancies. 

James was quoted saying, “Both of these corridors (New Dorp Lane & Port Richmond Avenue) were once walkable and on-site parking was not a requirement. One of the unintended consequences of downzoning and zone changes in the surrounding neighborhoods have in essence frozen these buildings in time. They don’t have adequate on-site parking that meets the retailer’s requirements.  When you…

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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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Staten Island Shopping Center for Sale

Casandra Properties is excited to announce we have been retained as the exclusive broker for the sale of South Shore Commons.  This is a unique investment opportunity to acquire a strong performing center in one of the highest demographics on Staten Island.

South Shore Commons offers the investor a unique value-add opportunity!  The low maintenance center is in excellent condition and is adjacent to Bricktown Commons. The center is uniquely positioned as a shopping destination for New Jersey/NYC area.  

South Shore Commons is located at 2925-2965 Veterans Road West. The center has a GLA of 155,000 SF with 180,000 SF of unused FAR.  Don’t miss out on this amazing opportunity to own some of Staten Island’s best commercial real estate! 

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60 Beach St

Casandra Properties has been retained to exclusively represent the sale of 60 Beach St. The property is a rare mixed-use brick building consisting of one storefront and one two (2) bedroom apartment. Current owner will be installing brand new storefront (see rendering). Rents are currently under market and present tremendous upside. Located in Opportunity Zone with huge tax benefits (consult with your tax professional today).  

It's in the heart of Stapleton just two blocks away from Urby, one of the key components of the North Shore Renaissance. In addition, local concepts such as The Coupe, The Hop Shoppe, and Honor Wines are just steps away. Easily accessible by all major transportation. 

For more information contact Brian and Rob at…

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2645 Forest Ave

Just listed!

2645 Forest Ave, a conveniently located shopping center which is easily accessible from Rt. 278 and Rt 440.  3,200 sf of total space is available which can be subdivided into 1,600 sf units with wide store fronts and marquee visibility. Steps away from the UA Movie Theater, Home Depot and many other national brand tenants, the location lends itself to a host of uses.  Fully sprinklered, with high ceilings and ADA rest rooms, 2645 Forest Ave. is suitable for retail, office, fitness, auto sales, storage, etc.  If you are looking for ample parking for employees or customers, this center has 96 parking spots.  Co-tenancy includes Flynn & O’Hara Uniforms, The Crib Outlet, Royal Press and Bootleg Manning’s Craft Beer Tavern.  

Call Sonia…

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American Eagle/Aerie to open at Empire Outlets

We are thrilled to have made the top 10 NYC retail leases in February for the signing of American Eagle/Aerie at Empire Outlets. Our CEO, James Prendamano, brokered the deal that came in at #7 on the list and was featured in this article by The Real Deal.

“American Eagle Outfitters’ has a passion for innovation and superior customer experiences that aligns perfectly with our vision for Empire Outlets. We are thrilled to add them to the Empire Outlets family, giving shoppers even greater access to premier retail stores,” said James Prendamano.

American Eagle is a retailer offering high-quality, on-trend clothing and accessories while Aerie is a lingerie and intimate apparel sub-brand of American Eagle and has recently been called one of the…

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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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Toasting two trending clients and the revitalization of Stapleton

One 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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