Marcus & Millichap Sells Retail Asset At 94 06 63rd Drive In New York City For $5.2M
94 06 63rd Drive
$5,200,000
$539/SF
Building Size
9,640 SF
Asset Type
Retail
Closing
Mar 21, 2025
AI
The property asset involved in this transaction is a retail space located at 94 06 63rd Drive, situated in the New York City market. The transaction was finalized at a price of $5,200,000.00, encompassing a total square footage of 9,640.0.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,200,000.00
- Address: 94 06 63rd Drive
- Market: New York City
- Square Footage: 9,640.0
The deal was facilitated by brokers Joseph French Jr. and Kodi Traver, both from Marcus & Millichap, who represented the parties involved in the transaction.
Players
Rego Park 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93