John Snapper Acquires Retail Property In Garden City For $1.65M
184 7th St, Garden City, NY 11530, United States
$1,650,000
$1,055/SF
Building Size
1,563 SF
Asset Type
Retail
Closing
Aug 31, 2023
About this deal
AI
A retail property located at 184 7th Street in Garden City has been sold. The property, measuring 1,563 square feet, was sold for a price of $1,650,000, resulting in a price per square foot of $1,056.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,650,000
- Address: 184 7th Street, Garden City
- Square Footage: 1,563
- Price per Square Foot: $1,056
John Snapper purchased the property from Robin Rossi. The transaction was facilitated by Thomas Bigansky of North Village Realty, who acted as the broker in the deal.
Players
Market 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