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1770 2nd Street, Yorkville,...

Updated Dec 21, 2023

Brax Realty Brokers Sale Of Retail Property In Yorkville For $4.6M
SOLDRetail

Brax Realty Brokers Sale Of Retail Property In Yorkville For $4.6M

1770 2nd Street, Yorkville, NY, USA

$4,600,000

$1,033/SF

Building Size

4,450 SF

Asset Type

Retail

Closing

Nov 24, 2021

About this deal

AI

Located in the bustling neighborhood of Yorkville, this retail property at 1770 2nd Avenue recently changed hands in a closed transaction. The asset spans 4,450 square feet and is zoned as C2-8, making it suitable for various commercial activities. The property was sold for $4,600,000, reflecting a price per square foot of $1,033.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,600,000
  • Square Footage: 4,450
  • Address: 1770 2nd Avenue
  • Market: Yorkville
  • Zoning: C2-8

Michael Ferrara from Brax Realty acted as the broker for this transaction, facilitating a successful sale. Through his expertise, the buyer and seller were able to navigate the negotiation process and reach a mutually beneficial agreement. Michael Ferrara's involvement in the deal showcases his strong presence in the Yorkville market and his commitment to providing exceptional brokerage services.

Players

Michael Ferrara

Brax Realty

Broker

$411.9M

vol

28 deals

Broker

Yorkville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $1K per square foot on a published $4.6M for 4,450 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.45%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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