Sergey Shimon Acquires Retail Property In Lincoln Square For $3.5M
211 West 71st Street, New York City, New York 10023, United States
$3,475,000
$886/SF
Building Size
3,922 SF
Asset Type
Retail
Closing
Apr 3, 2022
About this deal
AI
Located at 211 West 71st Street in Lincoln Square, this retail property recently changed hands in a sale transaction. The property spans over 3,922 square feet, with a sale price of $3,475,000, resulting in a price per square foot of $886.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,475,000
- Buyer: Sergey Shimon
- Seller: Larry Ingenito
- Address: 211 West 71st Street
- Market: Lincoln Square
- Square Feet: 3,922
- Price Per Square Foot: $886
The buyer in this transaction was Sergey Shimon, while Larry Ingenito acted as the seller. This deal showcases the successful transfer of ownership for the retail property in Lincoln Square.
Players
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
4.56%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93