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800 Forest Avenue

Wharton Properties Acquires Retail Property In West Brighton For $2.8M
SOLDRetail

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

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.

Players

Dean Rosenzweig

Broker

$25.5M

vol

13 deals

Broker
Jeff Sutton

Jeff Sutton

Wharton Properties

Buyer

$5.5B

vol

56 deals

Buyer

New York 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