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.
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