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96 01 69th Avenue

Marcus & Millichap Sells Retail Asset At 96-01 69th Avenue Forest Hills For $4M
SOLDRetail

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:

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

Matt Fotis

Marcus & Millichap

Broker

$598M

vol

111 deals

Broker

Forest Hills 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93