Viyvak Signal Acquires Retail Property On Boston Road In New York City For $3M
3400 Boston Road
$3,000,000
$500/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Dec 29, 2022
About this deal
AI
A retail property located at 3400 Boston Road in New York City has been sold in a transaction. The property, spanning 6,000 square feet, was sold for a price of $3,000,000, resulting in a price per square foot of $500. The sale took place between the buyer, Viyvak Signal, and the seller, Eastman Group.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Address: 3400 Boston Road, New York City
- Market: New York City
- Buyer: Viyvak Signal
- Seller: Eastman Group
Nathan Aballi, Solomon Sharaby, and Ike Bibi from KSR represented the buyer and seller in the transaction.
Players
New York City 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93