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49 W 29th St New York, NY 1...

Marcus & Millichap Brokers Sell Retail Property On West 29th Street In New York City For $2.4M
SOLDRetail

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

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

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

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