Mordechai Family Acquires Retail Property In New York City For $2.55M
SOLD
$2,550,000
New York
See Similar DealsRetail4,755 SF
Sold 07/11/2023
SOLD
Mordechai Family Acquires Retail Property In New York City For $2.55M
196 E 161 St Bronx, NY 10451, USA
See Similar DealsRetail4,755 SF
Sold 07/11/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$536
Total Square Footage:4,755 SF
Transaction Type:Sale
A retail property located at 196 East 161st Street in New York City has been sold for $2,550,000. The property spans 4,755 square feet, resulting in a price per square foot of $536. The transaction took place on July 11, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,550,000
- Square Footage: 4,755
- Price Per Square Foot: $536
- Address: 196 East 161st Street, New York City
The buyer of the property is the Mordechai Family, while the seller is the DeCicco Family. The transaction was facilitated by brokers Roni Soleimani and Josh Pomerantz from SP Capital Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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