Evergreen Realty & Investments Represents Daniel Conway In The $3.65M Sale Of Retail Property On Forest Avenue, NYC
SOLD
$3,650,000
New York
See Similar DealsRetail15,000 SF
Sold 12/22/2022
SOLD
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
See Similar DealsRetail15,000 SF
Sold 12/22/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$243
Total Square Footage:15,000 SF
Transaction Type:Sale
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.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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