Rabbi Singer Sells Retail Property On 50th Street In New York City For $3.2M
1146 50th Street
$3,200,000
$614/SF
Building Size
5,206 SF
Asset Type
Retail
Closing
Jan 11, 2023
About this deal
AI
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.
On the Map
$3,200,000
$614/SF
Retail
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Players
Brooklyn 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93