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Karen Heidgerd And Deborah Bayazit Acquire Retail Property At 641 Amsterdam Avenue For $3.8M

Property Image
SOLD
$3,800,000
Matthew Marshall
Dennis Wong

New York

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Retail5,490 SF
Sold
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Property Image
SOLD

Karen Heidgerd And Deborah Bayazit Acquire Retail Property At 641 Amsterdam Avenue For $3.8M

641 Amsterdam Avenue

See Similar Deals
Retail5,490 SF
Sold
Matthew Marshall
Dennis Wong
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$692
Total Square Footage:5490 SF
Transaction Type:Sale

The retail asset at 641 Amsterdam Avenue in the Upper West Side was sold for $3,800,000. The total square footage of the property is 5,490, resulting in a price per square foot of $692. The property comprises two commercial units: Commercial A with 2,161 square feet at grade and 1,952 square feet in the cellar, and Commercial B with 661 square feet at grade and 716 square feet in the cellar.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,800,000
  • Buyer: Karen Heidgerd & Deborah Bayazit
  • Seller: SPI Holdings - Gary Miranda & Dennis Wong
  • Broker: Matthew Marshall - Marshall Real Estate

The transaction was facilitated by Matthew Marshall, representing the broker in this deal. The buyers, Karen Heidgerd and Deborah Bayazit, acquired the two commercial units from the sellers, SPI Holdings, represented by Gary Miranda and Dennis Wong.

Players

Matthew Marshall
Marshall Real Estate
Matthew Marshall
24 deals$138.9M volume
BROKER
Marshall Real Estate
Marshall Real Estate
BROKERAGE
Dennis Wong
Dennis Wong
8 deals$570.9M volume
SELLER
SH
SPI Holdings
SELLER

Details

SOLD
IMAGE: Matthew Marshall DATE: 10/31/2025 ADDRESS: 641 Amsterdam Avenue MARKET: Upper West Side ASSET TYPE: Retail BUYER: Karen Heidgerd & Deborah Bayazit SELLER: SPI Holdings - Gary Miranda & Dennis Wong BROKER: Matthew Marshall - Marshall Real Estate (@MRENYC) SALE PRICE: $3,800,000 SF: 5,490 ~ PPSF: $692 NOTE FROM BROKER: Purchaser acquired Commercial Units A & B. Commercial A consists of 2,161 SF (Grade) & 1,952 SF (Cellar). Commercial B consists of 661 SF (Grade) & 716 SF (Cellar).

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$202,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26