A Retail Asset At 307 Halstead Avenue In Harrison Sold For $3.6M
SOLD
$3,600,000
New York
See Similar DealsRetail5,000 SF
Sold 05/14/2025
SOLD
A Retail Asset At 307 Halstead Avenue In Harrison Sold For $3.6M
307 Halstead Avenue
See Similar DealsRetail5,000 SF
Sold 05/14/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$720
Total Square Footage:5,000 SF
Transaction Type:Sale
This retail asset sold for $3,600,000 and comprises 5,000 square feet, located at 307 Halstead Avenue in the Harrison market. The price per square foot stands at $720.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Sale Date: 5/14/2025
- Broker: Michael Rackenberg - Houlihan Lawrence Commercial
- Cap Rate: 5.5%
Michael Rackenberg represents the seller in this transaction, highlighting a significant achievement with a record cap rate for Halstead Avenue in downtown Harrison, NY.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$192,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04
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