Ariosto Valerio Acquires Retail Property On Roosevelt Avenue For $2.3M With Reps Luca DiCiero & Faisal Gilani
5921 Roosevelt Avenue
$2,300,000
$1,208/SF
Building Size
1,903 SF
Asset Type
Retail
Closing
Feb 14, 2023
About this deal
AI
The retail property located at 5921 Roosevelt Avenue in New York City has been sold in a recent transaction. The property covers a total area of 1,903 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $1,209. The transaction took place on 02/14/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,300,000
- Address: 5921 Roosevelt Avenue, New York City
- Market: New York City
The buyer of the property is Ariosto Valerio, while the seller is Robert Mcdonaugh. The deal was facilitated by brokers Luca DiCiero and Faisal Gilani from NY Space Finders.
Players
Market 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93