O'Reilly Family Sells Retail Property In Midtown Manhattan For $3.5M
SOLD
$3,500,000
New York
See Similar DealsRetail5,943 SF
Sold 04/30/2021
SOLD
O'Reilly Family Sells Retail Property In Midtown Manhattan For $3.5M
21 West 35th Street, Manhattan, New York, NY, USA
See Similar DealsRetail5,943 SF
Sold 04/30/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$588
Total Square Footage:5,943 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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