Marcus & Millichap Sells Retail Asset At 96-01 69th Avenue Forest Hills For $4M
96 01 69th Avenue
$4,000,000
$625/SF
Building Size
6,400 SF
Asset Type
Retail
Closing
Jul 16, 2025
AI
The asset involved in this transaction is a retail property located at 96-01 69th Avenue in Forest Hills. The property has a total area of 6,400 square feet and was sold for a price of $4,000,000, which equates to a price per square foot of $625.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Square Footage: 6,400
- Price Per Square Foot: $625
- Address: 96-01 69th Avenue
- Market: Forest Hills
- Brokers: Matt Fotis, Lazarus Apostolidis & Hunter Barocas - Marcus & Millichap
Key individuals involved in the deal include Matt Fotis, Lazarus Apostolidis, and Hunter Barocas, who represented the transaction through Marcus & Millichap. Their involvement underscores the agency's role in facilitating this retail property sale.
Players
Forest Hills Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93