Tina Shao Acquires Mixed-Use Property In Two Bridges For $7.8M
SOLD
$7,800,000
+ 1
New York
See Similar DealsMixed-use21,901 SF
Sold 01/24/2019
SOLD
Tina Shao Acquires Mixed-Use Property In Two Bridges For $7.8M
2735 Madison Street, Ridgewood, NY, 11385, USA
See Similar DealsMixed-use21,901 SF
Sold 01/24/2019
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$356
Total Square Footage:21,901 SF
Transaction Type:Sale
The mixed-use property located at 27-35 Madison St. in the Two Bridges market has been sold for $7.8 million. The property spans 21,901 square feet, resulting in a price per square foot of $356. The sale took place on January 24, 2019.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $7.8M
- Address: 27-35 Madison St.
- Market: Two Bridges
- Square Feet: 21,901
- Price per Square Foot: $356
Linda Vanella was the seller of the property, while Tina Shao was the buyer. The sale was facilitated by Eric Roth, Robert Shapiro, Michael DeCheser, and Mei Ling Wong from CushWake.
It is worth noting that the property was initially listed on the market in December 2017 with an asking price of $12.5 million.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
Is there something missing? Send suggestions