SOLD
Regal Aquisitions Acquires Retail Condo At 174 Duane Street, New York For $2.45M
174 Duane St, New York, NY 10013, USA
Building Size
2,600 SF
Asset Type
—
Closing
Oct 31, 2017
AI
The retail condo located at 174 Duane Street in New York City's Manhattan market has been sold for $2,450,000. The property spans across 2,600 square feet.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $2,450,000
- Address: 174 Duane Street, New York
- Market: Manhattan
The seller of the retail condo was Colonnade Group, while the buyer was Regal Aquisitions. The deal was facilitated by David Gomez from DavPedia.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · 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