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
About this deal
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.
On the Map
$3,500,000
$588/SF
Retail
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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