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1146 50th Street

Rabbi Singer Sells Retail Property On 50th Street In New York City For $3.2M
SOLDRetail

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

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

Richard Guarino and James Mcmahon of Friedman-Roth Realty represented the seller, Rabbi Singer, in this retail property transaction.

Players

Richard Guarino

Friedman-Roth Realty

Broker

$305.7M

vol

52 deals

Broker

New York City 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