Commercial Acquisitions Acquires Retail Property In New York City For $4.3M
SOLD
$4,300,000
New York
See Similar DealsRetail12,000 SF
Sold 02/27/2023
SOLD
Commercial Acquisitions Acquires Retail Property In New York City For $4.3M
2769 Coney Island Avenue
See Similar DealsRetail12,000 SF
Sold 02/27/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$358
Total Square Footage:12,000 SF
Transaction Type:Sale
The retail property at 2769 Coney Island Avenue in New York City has been sold. The transaction took place on 02/27/2023, with a sale price of $4,300,000. The property spans across 12,000 square feet, resulting in a price per square foot of $358.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,300,000
- Address: 2769 Coney Island Avenue
- Market: New York City
- Square Footage: 12,000
- Price per Square Foot: $358
The sale was facilitated by Arsen Atbashyan and Denis Abayev of Commercial Acquisitions. They represented the undisclosed buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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