Wharton Properties Acquires Retail Property In West Brighton For $2.8M
SOLD
$2,825,000
+ 1
New York
See Similar DealsRetail18,357 SF
Sold 08/09/2022
SOLD
Wharton Properties Acquires Retail Property In West Brighton For $2.8M
800 Forest Avenue
See Similar DealsRetail18,357 SF
Sold 08/09/2022
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$153
Total Square Footage:18,357 SF
Transaction Type:Sale
The retail property located at 800 Forest Ave. in West Brighton has been sold in a transaction. The property spans 18,357 square feet and was sold for a price of $2,825,000, resulting in a price per square foot of $153.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,825,000
- Address: 800 Forest Ave.
- Market: West Brighton
- Square Feet: 18,357
- Price Per Square Foot: $153
The buyer of the property is Wharton Properties, represented by Jeff Sutton and Joe Sutton. They were assisted by their representative, John Oliveri from STL Realty LLC. The seller's representatives in the transaction were Jeremy Scholder and Dean Rosenzweig from CBRE.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$150,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,036.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,391.94
Annual Debt Service$160,703.29
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