Cushman & Wakefield Brokers Dylan Walsh And Jeremy Previte Facilitate $3.8M Mixed-Use Sale In NYC
37-65 74th Street
$3,800,000
$1,407/SF
Building Size
2,700 SF
Asset Type
Mixed-use
Closing
Jul 11, 2024
AI
The property asset involved in the transaction is a mixed-use retail building located at 37-65 74th Street in New York City. The sale price was $3,800,000, with a total square footage of 2,700, resulting in a price per square foot of $1,407.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,800,000
- Square Footage: 2,700
- Price per Square Foot: $1,407
- Market: New York City
The transaction was facilitated by brokers Dylan Walsh from Cushman & Wakefield and Jeremy Previte, also from Cushman & Wakefield. They noted that the property was sold to an all-cash buyer at a rate of $1,400 per square foot.
Players
Jackson Heights Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93