Wharton Properties Acquires Retail Property In West Brighton For $2.8M
800 Forest Avenue
$2,825,000
$153/SF
Building Size
18,357 SF
Asset Type
Retail
Closing
Aug 9, 2022
About this deal
AI
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.
On the Map
$2,825,000
$153/SF
Retail
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Players
Staten Island 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
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93