Cushman & Wakefield Brokers Dylan Walsh And Jeremy Previte Facilitate $3.8M Mixed-Use Sale In NYC
SOLD
$3,800,000
New York
See Similar DealsMixed-use2,700 SF
Sold 07/11/2024
SOLD
Cushman & Wakefield Brokers Dylan Walsh And Jeremy Previte Facilitate $3.8M Mixed-Use Sale In NYC
37-65 74th Street
See Similar DealsMixed-use2,700 SF
Sold 07/11/2024
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,407
Total Square Footage:2,700 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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