Kroger Inc Acquires Retail/Condo Property On Bleecker St In New York For $20.6M
248 Bleecker St, New York, NY 10014, USA
Building Size
5,160 SF
Asset Type
—
Closing
Jan 16, 2017
About this deal
AI
The property located at 248-258 Bleecker St in New York City has recently been involved in a closed transaction. This property is a combination of retail and condo units, making it a unique asset in the market. The transaction took place on January 17, 2017, with a selling price of $20,600,000.00. The market for this property is Manhattan, which is known for its vibrant real estate scene.
Summary of transaction details
- Property Type: Retail/Condo
- Transaction Amount: $20,600,000.00
- Address: 248-258 Bleecker St
- Market: Manhattan
The seller in this transaction was Rob Kaufelt. On the other hand, the buyer was Kroger Inc, a well-known company in the real estate industry. The deal was facilitated by Rob Kaufelt's representative from his agency.
On the Map
Players
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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