Jordan Sutton Of Cushman & Wakefield Brokers $6.3M Retail Sale In South Harlem
250 West 125th Street
$6,300,000
$2,625/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
May 17, 2024
About this deal
AI
The retail property located at 250 West 125th Street in South Harlem, Manhattan was sold for $6,300,000. The property spans 2,400 square feet with a price per square foot of $2,625.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,300,000
- Address: 250 West 125th Street
- Market: South Harlem, Manhattan
- Seller: Steven Feldman - Rockfeld Group
- Broker: Jordan Sutton - Cushman & Wakefield
- SF: 2,400
- PPSF: $2,625
The sale was facilitated by Jordan Sutton of Cushman & Wakefield representing Steven Feldman of Rockfeld Group during the transaction dated May 17, 2024.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93