Jordan Sutton Of Cushman & Wakefield Brokers $6.3M Retail Sale In South Harlem
SOLD
$6,300,000
New York
See Similar DealsRetail2,400 SF
Sold 05/17/2024
SOLD
Jordan Sutton Of Cushman & Wakefield Brokers $6.3M Retail Sale In South Harlem
250 West 125th Street
See Similar DealsRetail2,400 SF
Sold 05/17/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$2,625
Total Square Footage:2,400 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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