Evergreen Realty & Investments Represents Daniel Conway In The $3.65M Sale Of Retail Property On Forest Avenue, NYC
70 Forest Avenue, Queens, New York 11385, United States
$3,650,000
$243/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Dec 22, 2022
About this deal
AI
The retail property located at 70-01 Forest Avenue in New York City has been sold. The transaction took place on 12/22/2022 for a sale price of $3,650,000. The property spans 15,000 square feet, resulting in a price per square foot of $243. Daniel Conway was the seller in this transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,650,000
- Address: 70-01 Forest Avenue, New York City
- Market: New York City
- Square Footage: 15,000
- Price per Square Foot: $243
Daniel Barcelowsky from Evergreen Realty & Investments represented the seller, Daniel Conway, in this sale.
Ridgewood 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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93