Steven Kashanian & Adam Hajibai Acquire Retail Space From Morgan Allard For $930,000 In Carnegie Hill
SOLD
$930,000
New York
See Similar DealsRetail1,200 SF
Sold
SOLD
Steven Kashanian & Adam Hajibai Acquire Retail Space From Morgan Allard For $930,000 In Carnegie Hill
1339 Madison Avenue
See Similar DealsRetail1,200 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$775
Total Square Footage:1200 SF
Transaction Type:Sale
A retail asset located at 1339 Madison Avenue in the Carnegie Hill market has been sold for $930,000. The property has a total square footage of 1,200, translating to a price per square foot of $775. This includes a grade space of 850 square feet along with an additional 350 square foot mezzanine level.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $930,000
- Square Footage: 1,200
- Price Per Square Foot: $775
- Buyer: Steven Kashanian & Adam Hajibai
- Seller: Morgan Allard
- Broker: Matthew Marshall - Marshall Real Estate
The transaction was facilitated by Matthew Marshall, representing the seller, Morgan Allard, highlighting the involvement of key stakeholders in this retail property deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,304.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,408.67
Annual Debt Service$52,904.09
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