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.
The retail sale at 307 Halstead Avenue in Harrison, New York sold for $3.6M in 2025. The building is 5,000 square feet, implying about 720 per square foot on the published price. Michael Brown, Michael Rackenberg, Houlihan Lawrence Commercial appear on the sale alongside Houlihan Lawrence Commercial. This page is the Harrison, New York file for the 307 Halstead Avenue retail sold: pricing, party profiles, and other closed retail comps from the same Harrison sit in the Market section below. Filter that Harrison retail set by closing date to see what else sold near 307 Halstead Avenue around 2025. Published consideration for 307 Halstead Avenue is $3.6M, dated 2025. Cite this A Retail Asset At 307 Halstead Avenue In Harrison Sold For $3.6M sale when underwriting similar retail product around Harrison, New York.
On the Map
$3,600,000
$720/SF
Retail
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Players
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