Atlas Realty Group Partners LLC Sells Far Rockaway Retail Property For $2.45M With Seller's Rep Fran Gleitman & Barbra Gleitman
10-02 Beach 20th Street
$2,450,000
$166/SF
Building Size
14,754 SF
Asset Type
Retail
Closing
Jul 8, 2022
About this deal
AI
The retail property located at 10-02 Beach 20th St. in Far Rockaway has been sold in a recent transaction. The property spans approximately 14,754 square feet, with a sale price of $2,450,000. This equates to a price per square foot of $166.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,450,000
- Address: 10-02 Beach 20th St.
- Market: Far Rockaway
- Square Footage: 14,754
The sellers of the property were Fran Gleitman and Barbra Gleitman. The sale was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi of Atlas Realty Group Partners LLC.
Players
New York 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
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93