Ryan Tedder Acquires Retail Property At 61-15 Metropolitan Avenue For $15.48M With Seller's Rep NNN Pro
SOLD
$15,478,060
+ 1
New York
See Similar DealsRetail13,482 SF
Sold 11/21/2024
SOLD
Ryan Tedder Acquires Retail Property At 61-15 Metropolitan Avenue For $15.48M With Seller's Rep NNN Pro
61-15 Metropolitan Avenue
See Similar DealsRetail13,482 SF
Sold 11/21/2024
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,148
Total Square Footage:13,482 SF
Transaction Type:Sale
The property located at 61-15 Metropolitan Avenue in Middle Village is a retail asset that has been sold for a transaction amount of $15,478,060. The total square footage of the property is 13,482, resulting in a price per square foot of $1,148.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,478,060
- Square Footage: 13,482
- Price Per Square Foot: $1,148
- Buyer: Ryan Tedder
- Seller's Representative: Anthony Bird, Richard Nardi, Anthony D'Ambrosia & Glen Kunofsky - NNN Pro
Ryan Tedder has acquired the retail property, with representation for the seller provided by a team including Anthony Bird, Richard Nardi, Anthony D'Ambrosia, and Glen Kunofsky from NNN Pro. This collaboration facilitated the transaction in the Middle Village market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$825,496.53
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,990.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,373.90
Annual Debt Service$880,486.81
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