Cushman & Wakefield Brokers Sell Retail Property On 2nd Avenue In New York City For $14.25M
SOLD
$14,250,000
+ 1
New York
See Similar DealsRetail4,000 SF
Sold 07/21/2023
SOLD
Cushman & Wakefield Brokers Sell Retail Property On 2nd Avenue In New York City For $14.25M
119 2nd Ave New York, NY 10003, USA
See Similar DealsRetail4,000 SF
Sold 07/21/2023
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$3,562
Total Square Footage:4,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$760,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,627.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,552.27
Annual Debt Service$810,627.24
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