Sherali Zhuraev Acquires Retail Property From Betsy Steinman In Astoria For $1.5M
SOLD
$1,450,000
New York
See Similar DealsRetail1,700 SF
Sold 09/05/2024
SOLD
Sherali Zhuraev Acquires Retail Property From Betsy Steinman In Astoria For $1.5M
Broadway
See Similar DealsRetail1,700 SF
Sold 09/05/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$852
Total Square Footage:1,700 SF
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 46-01 Broadway in the Astoria market. It was sold for a transaction amount of $1,500,000, covering a total square footage of 1,700, which equates to a price per square foot of $882.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,500,000
- Address: 46-01 Broadway
- Market: Astoria
- Square Footage: 1,700
- Price per Square Foot: $882
- Buyer: Sherali Zhuraev
- Seller: Betsy Steinman
- Brokers: Luca DiCiero, Devin Navarro - NY Space Finders & Aaron Zucker - EXP Realty
This transaction features key individuals such as buyer Sherali Zhuraev and seller Betsy Steinman. The brokers representing this deal include Luca DiCiero and Devin Navarro from NY Space Finders, along with Aaron Zucker from EXP Realty, highlighting a collaboration among multiple brokerage firms in facilitating this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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