Lotus Management Acquires Retail Property In Riverdale For $2.35M
5987 Broadway, New York City, New York 10471, United States
$2,350,000
$391/SF
Building Size
6,000 SF
Asset Type
Retail
Closing
Jun 23, 2022
About this deal
AI
The retail property at 5987 Broadway in Riverdale has been sold for a price of $2,350,000. The property spans 6,000 square feet, resulting in a price per square foot of $392. The transaction took place on June 24, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,350,000
- Address: 5987 Broadway
- Market: Riverdale
- Buyer: Lotus Management
- Seller: Ron Rettner
The deal was facilitated by Ben Khakshoor and Alex Fuchs of Rosewood Realty Group, who represented the buyer and seller respectively.
On the Map
$2,350,000
$391/SF
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Alex Fuchs to view all their deals.
Browse New York retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93