Home Depot Acquires Retail Property In New York City For $6.5M
59-19 Maurice Avenue
$6,500,000
$820/SF
Building Size
7,919 SF
Asset Type
Retail
Closing
Apr 27, 2023
About this deal
AI
The retail property located at 59-19 Maurice Avenue in New York City has been sold in a closed transaction. The property spans 7,919 square feet and was sold for a total price of $6,500,000, resulting in a price per square foot of $821.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 59-19 Maurice Avenue, New York City
- Market: New York City
- Buyer: Home Depot U.S.A., Inc.
- Seller: Mike Berfield
- Brokers: Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Louie, Kevin Schmitz - Ripco
The transaction involved Home Depot U.S.A., Inc. as the buyer and Mike Berfield as the seller. The deal was facilitated by the brokers Stephen R. Preuss Sr., Andreas Efthymiou, Kevin Louie, and Kevin Schmitz from Ripco.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $820 per square foot on a published $6.5M for 7,919 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93