News: Brokerage

Guarino of Friedman Roth is sole broker for $3.6 million sale on Staten Island

Staten Island, NY According to Friedman Roth, Richard Guarino partner, has brokered the sale of 690 Castleton Ave. The sale price was $3.6 million ($181.81 per s/f).

Richard Guarino,
Friedman Roth

The subject is a 19,800 s/f property with 14 apartments and two floors of commercial space. Doug Candella sold the property to EOM Realty. Guarino was the sole broker.

The property is close to Richmond University Medical Center, Snug Harbor Cultural Center and Botanical Garden and restaurants and dining establishments. Furthermore, the S46 and S96 bus lines facilitate ease of access across the northern section of the borough. 

The Staten Island Ferry and the Empire Outlets are 10 minutes away. Empire Outlets, is a 1.1 million-s/f, six-building shopping center that will house large brand name retailers that includes H&M, Nordstrom Rack, Nike Factory, Old Navy, Gap and Banana Republic. The project, which is a testament to Staten Island’s emerging growth, also features prime restaurant space and will include a hotel.

MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking