Bryan Grosman Acquires Retail Property At 325 Bluemont Ave Manhattan For $4,810,000
325 Bluemont Ave
$4,810,000
$334/SF
Building Size
14,392 SF
Asset Type
Retail
Closing
May 23, 2013
About this deal
AI
The property involved in the transaction is a retail asset located at 325 Bluemont Ave in the Manhattan market. The sale was finalized for a price of $4,810,000.00, and the total square footage of the property is 14,392 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,810,000.00
- Address: 325 Bluemont Ave
- Market: Manhattan
- Asset Size: 14,392 SF
- Buyer: Bryan Grosman
- Seller: Mark Schostak
- Broker Representing Buyer: Arthur Porosoff
- Broker Representing Seller: John Stacy
This transaction highlights the involvement of Bryan Grosman as the buyer and Mark Schostak as the seller, with Arthur Porosoff and John Stacy serving as the respective brokers representing the buyer and seller throughout the deal.
Players
Manhattan Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93