Hezi Salman Acquires Retail Property On Kings Highway In New York City For $1.65M
1813 Kings Highway
$1,650,000
$366/SF
Building Size
4,500 SF
Asset Type
Retail
Closing
Dec 29, 2022
AI
The retail property located at 1813 Kings Highway in New York City has been sold for a total price of $1,650,000. The property spans an area of 4,500 square feet, resulting in a price per square foot of $367. The transaction took place on 12/29/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,650,000
- Square Footage: 4,500
- Price Per Square Foot: $367
- Market: New York City
The buyer of the property is Hezi Salman. The deal was facilitated by Haritini Pandis from Compass brokerage.
Players
New York City 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93