Daniel Cohen Acquires Retail Property On Merrick Boulevard In New York City For $4.5M
SOLD
$4,500,000
New York
See Similar DealsRetail8,449 SF
Sold 02/24/2023
SOLD
Daniel Cohen Acquires Retail Property On Merrick Boulevard In New York City For $4.5M
9443 Merrick Boulevard
See Similar DealsRetail8,449 SF
Sold 02/24/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$532
Total Square Footage:8,449 SF
Transaction Type:Sale
A retail property located at 9443 Merrick Boulevard in New York City has been sold for a price of $4,500,000. This property spans a total of 8,449 square feet, resulting in a price per square foot of $533. The transaction took place on February 24, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Square Footage: 8,449
- Price Per Square Foot: $533
- Address: 9443 Merrick Boulevard, New York City
The buyer of the property is Daniel Cohen, while the seller is Vincent Dejana. The transaction was facilitated by brokers DeWitt Goss and Jeffery Miller from Matthews Real Estate Investment Services. Jeffery Miller acted as the representative for Daniel Cohen in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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