Commercial Acquisitions Acquires Retail Property In New York City For $4.3M
2769 Coney Island Avenue
$4,300,000
$358/SF
Building Size
12,000 SF
Asset Type
Retail
Closing
Feb 27, 2023
About this deal
AI
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.
Players
Market 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93