Marcus & Millichap Brokers Sell Retail Property On West 29th Street In New York City For $2.4M
SOLD
$2,400,000
New York
See Similar DealsRetail750 SF
Sold 07/25/2023
SOLD
Marcus & Millichap Brokers Sell Retail Property On West 29th Street In New York City For $2.4M
49 W 29th St New York, NY 10001, USA
See Similar DealsRetail750 SF
Sold 07/25/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$3,200
Total Square Footage:750 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 49 West 29th Street in New York City. The property spans 750 square feet and was sold for a total amount of $2,400,000, resulting in a price per square foot of $3,200.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,400,000
- Address: 49 West 29th Street
- Market: New York City
- Brokers: Matthew Fotis & Colton Traynham - Marcus & Millichap
Matthew Fotis and Colton Traynham from Marcus & Millichap served as the brokers in this deal. They played a key role in facilitating the transaction, ensuring a successful sale of the retail property.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
Is there something missing? Send suggestions