Marcus & Millichap Brokers $2.4M Retail Sale In Riverdale, NYC
SOLD
$2,425,000
Illinois
See Similar DealsRetail12,200 SF
Sold 02/04/2021
SOLD
Marcus & Millichap Brokers $2.4M Retail Sale In Riverdale, NYC
250 West 144th Street, Riverdale, IL, USA
See Similar DealsRetail12,200 SF
Sold 02/04/2021
Summary
ILLINOIS
Asset Type:Retail
Price Per Square Foot:$198
Total Square Footage:12,200 SF
Transaction Type:Sale
The retail property located at 250 West 144th Street in Riverdale has been sold for $2,425,000. The property spans a total area of 12,200 square feet, resulting in a price per square foot of $199. The sale was facilitated by brokers Matt Emerick, Austin Weisenbeck, and Sean R. Sharko from Marcus & Millichap.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,425,000
- Square Footage: 12,200
- Price per Square Foot: $199
- Address: 250 West 144th Street
- Market: Riverdale
The property sale was handled by the brokerage team consisting of Matt Emerick, Austin Weisenbeck, and Sean R. Sharko from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$129,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,615.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,495.74
Annual Debt Service$137,948.85
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