Updated Oct 29, 2024
10 Doyer LLC Acquires Retail Property In Manhattan For $3M
10 Doyers St #14, New York, Ny 10013, Usa
$3,000,000
$176/SF
Building Size
17,000 SF
Asset Type
Retail
Closing
Aug 30, 2017
About this deal
AI
The property located at 10-14 Doyers Street in New York City, Manhattan, has been sold in a closed transaction for a price of $3,000,000. The property spans 1,700 square feet and is categorized as a retail asset.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,000,000
- Square Footage: 1,700
- Address: 10-14 Doyers Street, New York City, Manhattan
The seller of the property was the 14 Doyer Street Corporation, while the buyer was 10 Doyer LLC. Marcus & Millichap's Zachary Ziskin represented the buyer, 10 Doyer LLC, in this deal. It should be noted that the buyer plans to develop approximately 5,352 square feet of the property, spread across four floors.
New York 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93