RW Real Estate Acquires Retail Property In Parkchester For $1.25M
SOLD
$1,250,000
New York
See Similar DealsRetail2,600 SF
Sold 09/21/2022
SOLD
RW Real Estate Acquires Retail Property In Parkchester For $1.25M
1854 Westchester Avenue
See Similar DealsRetail2,600 SF
Sold 09/21/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$480
Total Square Footage:2,600 SF
Transaction Type:Sale
The retail property located at 1854 Westchester Avenue in Parkchester has been sold for a price of $1,250,000. The transaction took place on 09/22/2022, and the property spans across 2,600 square feet. The sale price per square foot was $481.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,250,000
- Address: 1854 Westchester Avenue, Parkchester
- Market: Parkchester
- Asset Type: Retail
The buyer in this transaction was RW Real Estate, represented by Corey Horowitz. The seller was the Zargar Family. The brokers involved in the deal were Greg Melanson & John Barney from Weber Frank.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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