Real Estate News - Staten Island

As Big Box Chains Continue to Close, What Will Happen to Vacant Staten Island Storefronts?

CEO/Broker/Owner of PreReal™, Prendamano Real Estate in Bulls Head, James Prendamano, spoke with Jessica Jones-Gorman from the Staten Island Advance to share some of his thoughts about what will become of vacant Staten Island storefronts.

As big box chains continue to close, a pressing question arises: what will become of vacant Staten Island storefronts? While the retail landscape has undoubtedly shifted in recent years, there is still potential for new and innovative commercial tenants to transform these empty spaces.

A New Retail Reality

It's been half a decade since Toys R Us left a colossal 39,000-square-foot gap in Richmond Avenue's retail scene. Shop Rite and SuperFresh have also vacated their premises, leaving Staten Island…

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Tour 425 Wild Avenue – An Amazing Commercial Office Space Opportunity in Staten Island 

Have you been searching for the perfect commercial office space to lease? Look no further than 425 Wild Avenue located in Travis-Chelsea, Staten Island. This stunning office space is perfect for any business looking to expand their presence and increase visibility. Let’s take a look at all this office has to offer.

Check out 425 Wild Avenue: https://www.prereal.com/listing/cms/425-wild-avenue/

Location and Accessibility

425 Wild Avenue is conveniently located near public transportation and major highways. It offers easy access to New Jersey, Brooklyn and Manhattan, which makes it an ideal location for any business seeking a convenient spot with maximum exposure. With its central location within the borough of Staten Island and its…

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129 Olympia Blvd: A Residential Gem in South Beach 

Welcome to 129 Olympia Blvd. This one-of-a-kind property is located in Staten Island's sought-after South Beach neighborhood. It is a detached single-family home situated on a 40x109 lot and includes a fully finished basement with egress, three bedrooms, one bathroom, a living room/dining room combination, and an eat-in kitchen with access to a huge rear yard. There's even a driveway parking pad on the side of the property! With some updating and renovating, this property could be transformed into something special that meets your needs.

Check out 129 Olympia Blvd: https://www.prereal.com/listing/1159409-residential-one-family-detached-129-olympia-blvd-staten-island-ny-10305/

Why Choose South Beach? 

South Beach is considered…

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Some New York City Renters are looking to move elsewhere

Our CEO, James Prendamano, had the opportunity to speak with Tracey Porpora at The Staten Island Advance to discuss the Renter Migration Report by Apartment List. 

The study revealed that 32.3% of apartment hunters currently living in New York are looking to move elsewhere.  James was quoted saying “We have been talking about how the cost of living, coupled with technology decentralizing everything from real estate to employment basis, has been leading to a significant migration out of New York and the city in general. While the 2020 Migration Report reveals what seemed to be staggering numbers, this should come to no surprise to anyone, as it just confirms what we’ve been seeing on the ground. ... It’s hardly a coincidence the cost of living for…

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Foreclosures spike on Staten Island over last year, study says

Casandra Properties CEO, James Prendamano, spoke to Tracey Porpora from the Staten Island Advance to discuss the latest study that found foreclosures have spiked on Staten Island over the last year. The study conducted by Property Shark saw an increase of home foreclosures from 48 in the third quarter of 2018, to 136 in the same quarter in 2019. 

“There is a big difference between a loan that is not performing and one that is actually been put into the foreclosure process. In many cases these non-performing loans are sold in bundles at significant discounts off par value to other banks and investment companies.  It is not unusual for a loan to be sold several times before arriving at its final servicing entity.  The average homeowner would notice…

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32 Wandel Ave, Staten Island NY - For Sale

The Nixon McGowan Team of Casandra Properties is proud to announce their new listing located at 32 Wandel Avenue in the Grymes Hill area of Staten Island, NY. 

New construction single family semi-attached homes set high in hill on dead end block for ultimate views and privacy. Walk in at grade level for a rec room, 3/4 bath, plenty of closets and access to build in garage. Main level features open concept with kitchen, shared living/dining, half bath and front balcony. Upper level includes 3 bedrooms, shared full bath, washer/dryer and ample closet space. This home comes complete with a secluded backyard with pavers. Convenient location that is easily accessible to all buses, and just a short drive to the Verrazano bridge.

For more information…

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Home Prices near Staten Island Railway up to 34% higher

Our CEO, James Prendamano, recently had the opportunity to discuss the reasoning behind the increase in home prices that are within walking distance to the Staten Island Railway (SIR). According to the study you can get anywhere from 9%-34% higher price for your home vs. elsewhere on the Island. The average price of a home near a SIR station is $499,000, with the rest of the borough averaging $459,000.

James was quoted saying “All things being equal, it makes perfect sense the train stops from Mid-Island and those as you get closer to the ferry carry with them pricing bumps in and around the train stations.”

To read more click here.

If you are interested in selling your home or purchasing a new home we are here to help!  Please…

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A Shore Thing

Our CEO, James Prendamano, had the opportunity to speak with Crain’s New York to discuss what we have seen in the past and what has been happening on the ground in real time on Staten Island’s North Shore. The article is entitled A Shore Thing: Staten Island’s North Shore Booms Along Bay Street. 

James was quoted saying “Staten Island as a whole has been shockingly stagnant since 1975 but these developments have had a profound impact.  Ten years back this area was not as appealing but I am bullish on it now. There’s tremendous growth opportunity here.  There’s such demand for housing and people want a walkable community and transit-based development”.  James went on to say “This wasn’t big bad developers pushing people out – in all these…

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Staten Island Most Affordable in NYC for First Time Home Buyers, Realtors Say

We always welcome the opportunity to chat with our friends in the press.  It’s an extra special treat when we can opine about our beloved Staten Island Real Estate market. 

I had the pleasure of chatting with Tracey Porpora over at the Staten Island Advance last week about New York City’s ranking for affordability of first time homebuyer’s options.  The title of the article was Staten Island Most Affordable in NYC for First Time Home Buyers, Realtors say.

The list was published on WalletHub.com.  This personal finance website ranks a host of categories city by city related to personal finance.  

The website focuses on twenty-seven different metrics designed to factor in everything from Real Estate tax rates to property crime rankings - from cost of living…

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Staten Island, the Final Frontier

I was going to write this morning about all of the recent regulatory shifts in the rental market, our predictions (which have been consistent and spot on!), and how we see opportunity in this market as everyone runs for the hills.  

Instead, I woke up and nestled into my favorite blogging spot, opened my blinds and was greeted with this majestic view.   

I thought about how every day, every sunrise, we are greeted with a new set of opportunities and a bit of a clean slate.  I decided to save the heavier material for later in the week, today let’s talk about the amazing opportunities in real estate right here on Staten Island, shall we?

Staten Island, the forgotten borough, Staten Island never misses the opportunity to miss an opportunity.... remember…

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