Tekscape Holdings Acquires Property At 131 W 35th St New York For $6.2M With Greg Corbin As Seller's Rep
SOLD
$6,200,000
New York
See Similar DealsRetail7,725 SF
SOLD
Tekscape Holdings Acquires Property At 131 W 35th St New York For $6.2M With Greg Corbin As Seller's Rep
131 W 35th St, New York, NY, 10001
See Similar DealsRetail7,725 SF
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$802
Total Square Footage:7,725 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 131 W 35th St, New York, NY, 10001. It was sold for a price of $6,200,000.00 with a total square footage of 7,725. The transaction took place in the New York market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $6,200,000.00
- Address: 131 W 35th St, New York, NY, 10001
- Market: New York
- Seller's Representative: Greg Corbin-Northgate Real Estate Group
- Buyer: Tekscape Holdings
- Square Footage: 7,725
Greg Corbin from Northgate Real Estate Group represented the seller in this transaction, while Tekscape Holdings acted as the buyer. The engagement highlights the involvement of established professionals in successfully facilitating the sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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