Updated Oct 29, 2024
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
About this deal
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.
On the Map
Retail
View full map
Players
Chelsea Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Massachusetts retail sales on Traded.
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