RW Real Estate Acquires Retail Property In Parkchester For $1.25M
1854 Westchester Avenue
$1,250,000
$480/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
Sep 21, 2022
AI
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
New York 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93