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65 63 Grand Avenue

Jeff Sutton Acquires Retail Asset At 65 63 Grand Avenue Maspeth For $10.45M
SOLDRetail

Jeff Sutton Acquires Retail Asset At 65 63 Grand Avenue Maspeth For $10.45M

65 63 Grand Avenue

$10,450,000

$3,485/SF

Building Size

2,998 SF

Asset Type

Retail

Closing

Nov 28, 2018

AI

The property asset involved in this transaction is a retail space located at 65 63 Grand Avenue in the Maspeth market. The transaction was completed for a price of $10,450,000.00, with a total area of 2,998 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,450,000.00
  • Address: 65 63 Grand Avenue
  • Market: Maspeth
  • Square Footage: 2,998.0
  • Buyer: Jeff Sutton
  • Broker: John Oliveri
  • Sale Date: 11/28/2018

Key individuals involved in this deal include the buyer, Jeff Sutton, who has acquired the retail asset. The representation for this transaction was handled by broker John Oliveri, who facilitated the arrangement of this sale.

Players

John Oliveri

STL REALTY

Broker

$133.9M

vol

18 deals

Broker
Jeff Sutton

Jeff Sutton

Buyer

$5.5B

vol

56 deals

Buyer

Maspeth 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

1.52%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93