Cushman & Wakefield Brokers Sell Retail Property On 2nd Avenue In New York City For $14.25M
119 2nd Ave New York, NY 10003, USA
$14,250,000
$3,562/SF
Building Size
4,000 SF
Asset Type
Retail
Closing
Jul 21, 2023
AI
The property at 119-121 2nd Avenue in New York City has recently been sold for $14,250,000. This retail asset spans approximately 4,000 square feet, resulting in a price per square foot of $3,563.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $14,250,000
- Address: 119-121 2nd Avenue, New York City
- Market: New York City
- BROKERS: Andrew Berry, Charlie Gravina, Michael Decheser, and Bryan Hurley - Cushman & Wakefield
The sale of this retail property was facilitated by the broker team consisting of Andrew Berry, Charlie Gravina, Michael Decheser, and Bryan Hurley from Cushman & Wakefield. Their expertise and negotiation skills contributed to the successful completion of this transaction.
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93