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
Yorkville 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93