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21 West 35th Street, Manhat...

O'Reilly Family Sells Retail Property In Midtown Manhattan For $3.5M
SOLDRetail

O'Reilly Family Sells Retail Property In Midtown Manhattan For $3.5M

21 West 35th Street, Manhattan, New York, NY, USA

$3,500,000

$588/SF

Building Size

5,943 SF

Asset Type

Retail

Closing

Apr 29, 2021

AI

A retail property located at 21 West 35th Street in Midtown, Manhattan has been sold. The transaction took place on April 30, 2021. The property was sold by The O'Reilly Family. The sale was facilitated by Alan Stenson from raxRealty and Tony Park from PD Properties. The property was purchased for a total price of $3,500,000.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,500,000
  • Date: 04/30/2021
  • Address: 21 West 35th Street
  • Market: Midtown
  • Buyer: 🤐
  • Seller: The O'Reilly Family
  • Brokers: Alan Stenson - raxRealty, Tony Park - PD Properties
  • Square Footage: 5,943 SF
  • Price per Square Foot: $588

It is worth noting that the air rights for the property had been previously sold in a separate transaction.

Players

Alan Stenson

Brax Realty

Broker

$120.4M

vol

20 deals

Broker

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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93