A Retail Asset At 307 Halstead Avenue In Harrison Sold For $3.6M
307 Halstead Avenue
$3,600,000
$720/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
May 13, 2025
About this deal
AI
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.
On the Map
$3,600,000
$720/SF
Retail
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Harrison 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93