Steven Kashanian Of Klosed Properties Acquires Retail Property On Amsterdam Avenue For $2.26M
SOLD
$2,260,000
New York
See Similar DealsRetail4,317 SF
Sold
SOLD
Steven Kashanian Of Klosed Properties Acquires Retail Property On Amsterdam Avenue For $2.26M
657 Amsterdam Avenue
See Similar DealsRetail4,317 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$523
Total Square Footage:4317 SF
Transaction Type:Sale
657 Amsterdam Avenue is a retail property located in the Upper West Side market. The asset was sold for $2,260,000, encompassing a total square footage of 4,317, which equates to a price per square foot of $523.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,260,000
- Buyer: Steven Kashanian - Klosed Properties
- Seller: SPI Holdings - Dennis Wong
- Broker: Matthew Marshall - Marshall Real Estate
This transaction was facilitated by Matthew Marshall, who represented the seller, SPI Holdings, in the deal, ensuring the completion of this retail property transaction in a notable market area.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,029.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,713.55
Annual Debt Service$128,562.64
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