Staten Island retail occupied by CVS sells for $11.9M

An anonymous owner through the entity 7506 Bay Ridge Realty LLC paid Jhong Uhik Kim, through 4051 Hylan LLC, $11.9 million for 4055 Hylan Boulevard in Staten Island. The deal closed on December 20, 2019, and was recorded on February 4, 2020. The transaction consists of 1 parcel, including the tax class one-story store building (K1). The property is 12,487 square feet. The parcel(s) have total development potential of 25,117 square feet.
The average sale price per square foot is $475.

A CVS occupies the property on a long-term lease. B6 Real Estate advisors had the listing. 
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building on October 6, 2015.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $117,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link