Maurizio Prainito Acquires Retail Property In Harlem For $1.63M
142 Edgecombe Avenue, New York City, New York 10030, United States
$1,630,000
$1,018/SF
Building Size
1,600 SF
Asset Type
Retail
Closing
May 18, 2022
About this deal
AI
The retail property located at 142 Edgecombe Ave. in Harlem has been sold for a price of $1,630,000. The property spans 1,600 square feet and was sold at a price per square foot of $1,018. The transaction took place on May 19, 2022.
Summary of transaction details
- Property Type: Retail
- Sale Price: $1,630,000
- Square Footage: 1,600
- Price Per Square Foot: $1,018
- Address: 142 Edgecombe Ave.
- Market: Harlem
The buyer of the property is Maurizio Prainito, while the seller is Simkho Aranbaev. The transaction was facilitated by Scott Plasky from Marcus & Millichap.
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
9.73%
Cash-on-Cash
-2.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93