HUBB NYC Acquires Retail Property On John St In Manhattan For $19.6M
23 John St, Chelsea, MA 02150, USA
Building Size
3,920 SF
Asset Type
Retail
Closing
Jan 16, 2017
AI
Located at 23-31 John St in New York City's Manhattan market, this retail property was recently sold on January 17, 2017. The transaction amount for this property was $19,600,000.00. The seller of this property was the Kash Group, represented by Yair Levy. The buyer of the property was HUBB NYC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $19,600,000.00
- Seller: Kash Group, Yair Levy
- Buyer: HUBB NYC
This successful transaction was facilitated by HUBB NYC and the seller's representative Yair Levy from the Kash Group.
Players
Chelsea 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93