Updated Dec 19, 2023
Northmarq Represents $7.1M Retail Sale In Pittsburgh, PA
415 South 27th Street, Pittsburgh, Pennsylvania 15203, United States
$7,100,000
$523/SF
Building Size
13,575 SF
Asset Type
Retail
Closing
Oct 30, 2022
About this deal
AI
The retail property located at 415 S 27th St in Pittsburgh, Pennsylvania has been sold for a price of $7,100,000. The property spans a total of 13,575 square feet, resulting in a price per square foot of $523. The transaction took place on 10/31/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,100,000
- Address: 415 S 27th St, Pittsburgh, Pennsylvania
- Square Footage: 13,575
- Price per Square Foot: $523
- Date: 10/31/2022
- Broker: Asher Wenig - Northmarq
Asher Wenig from Northmarq represented the parties involved in this sale.
Pittsburgh 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93