Rabbi Singer Sells Retail Property On 50th Street In New York City For $3.2M
SOLD
$3,200,000
New York
See Similar DealsRetail5,206 SF
Sold 01/11/2023
SOLD
Rabbi Singer Sells Retail Property On 50th Street In New York City For $3.2M
1146 50th Street
See Similar DealsRetail5,206 SF
Sold 01/11/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$614
Total Square Footage:5,206 SF
Transaction Type:Sale
Rabbi Singer has sold a retail property located at 1146 50th Street in New York City for $3,200,000. The property spans 5,206 square feet, resulting in a price per square foot of $615.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,200,000
- Address: 1146 50th Street, New York City
- Square Footage: 5,206
- Price per Square Foot: $615
- Seller: Rabbi Singer
- Brokers: Richard Guarino & James Mcmahon - Friedman-Roth Realty
Richard Guarino and James Mcmahon of Friedman-Roth Realty represented the seller, Rabbi Singer, in this retail property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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