Cushman & Wakefield Brokers Sale Of Retail Asset At 498 President Street For $4.2M
SOLD
$4,200,000
+ 1
New York
See Similar DealsRetail4,000 SF
Sold 07/11/2024
SOLD
Cushman & Wakefield Brokers Sale Of Retail Asset At 498 President Street For $4.2M
498 President Street
See Similar DealsRetail4,000 SF
Sold 07/11/2024
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,050
Total Square Footage:4,000 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 498 President Street in Gowanus, Brooklyn. The sale price for this asset was $4,200,000. The square footage of the property measures 4,000, with a price per square foot of $1,050.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $4,200,000
- Address: 498 President Street
- Market: Gowanus, Brooklyn
- Square Footage: 4,000
- Price Per Square Foot: $1,050
The transaction was brokered by Bryan Hurley, Michael Decheser, Jonathan Squires, and Dylan Walsh, representing Cushman & Wakefield in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$223,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71
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