Wharton Properties Acquires Retail Property In Canarsie For $2.4M
2001 Rockaway Pkwy, Brooklyn, NY 11236, USA
$2,400,000
$366/SF
Building Size
6,552 SF
Asset Type
Retail
Closing
Nov 5, 2020
About this deal
AI
The property involved in this transaction is a retail asset located at 2001 Rockaway Pkwy in Canarsie. The property spans approximately 6,552 square feet and was sold for a total price of $2,400,000. The price per square foot for this transaction was approximately $366.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 2001 Rockaway Pkwy
- Market: Canarsie
The buyer in this transaction was Wharton Properties. The seller of the property was HSBC.
The retail sale at 2001 Rockaway Pkwy, Brooklyn, NY 11236, USA in New York, New York sold for $2.4M in 2020. The building is 6,552 square feet, implying about 366 per square foot on the published price. Wharton Properties appears on the sale alongside Wharton Properties. This page is the New York, New York file for the 2001 Rockaway Pkwy, Brooklyn, NY 11236, USA retail sold: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else sold near 2001 Rockaway Pkwy, Brooklyn, NY 11236, USA around 2020. Published consideration for 2001 Rockaway Pkwy, Brooklyn, NY 11236, USA is $2.4M, dated 2020. Cite this Wharton Properties Acquires Retail Property In Canarsie For $2.4M sale when underwriting similar retail product around New York, New York.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Wharton Properties to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93