Staten Island property offers retail foothold.Amboy Plaza, a Class A 74,988 square-foot shopping center in Staten Island's densely populated south shore waterfront community, is on the market for sale through New York-based Rockwood Realty Associates, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Rockwood has been exclusively retained by Amboy Realty, Inc. to sell to principals on an all-cash basis only. "Amboy Plaza is 98.3 percent leased," said Daniel McNulty, president of Rockwood. "This is a rare opportunity to gain a retail foothold in Staten Island's burgeoning population boom, which was recently calculated to be five times greater than the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. average." Constructed in 1996, Amboy Plaza is anchored by a 42,064 square-foot A&P supermarket with sales volume in excess of $700 per square-foot. The center is projected to generate overall net operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of approximately $1.4 million for the fiscal year July 2000 through June 2001. According to McNulty, prospective investors can also expect to benefit from the development of a recently approved 6,000 square-foot pad site which is projected to increase NOI NOI Net Operating Income NOI Notice of Intent NOI Nation of Islam NOI Notice of Inquiry NOI Neuro Orthopaedic Institute NOI New Organizing Institute NOI Notice of Interest NOI No Offense Intended NOI National Olympiad in Informatics by an additional $200,000. "In fact, " reports McNulty, "our client is in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of negotiating a 3,000 square-foot lease for a national fast food restaurant chain to occupy part of the fast food chain." |
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