Unknown Buyer Acquires Property At 976 6th Ave In New York For $13.5M
SOLD
$13,500,000
+ 1
New York
See Similar DealsRetail
SOLD
Unknown Buyer Acquires Property At 976 6th Ave In New York For $13.5M
976 6th Ave, New York, NY, 10018
See Similar DealsRetail
+ 1
Summary
NEW YORK
Asset Type:Retail
Transaction Type:Sale
The transaction involved the sale of a three-story retail building located at 976 6th Ave, New York, NY, 10018. The property was sold for $13,500,000.00 and has a square footage of 0. It is fully leased to tenants including 5 Boro Burger and Red Rocket Tattoo.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,500,000.00
- Address: 976 6th Ave, New York, NY, 10018
- Market: New York
- Seller's Representatives: Lou Magarelli, Craig Waggner-Cushman & Wakefield, Doug Blankrot, John Ciraulo-Cushman & Wakefield
- Buyer: Unknown
- Seller: Undisclosed
Cushman & Wakefield played a pivotal role in the transaction, with John Ciraulo, Craig Waggner, Doug Blankrot, and Lou Magarelli representing the undisclosed seller. The buyer remains unidentified in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$720,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65
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