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
$2,400,000
$3,200/SF
Building Size
750 SF
Asset Type
Retail
Closing
Jul 25, 2023
AI
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
New York 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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93