Kinsmen Property Group Acquires Retail Property On 7 Hubert Street In Manhattan For $3.2M
7 Hubert St, New York, NY 10013, USA
Building Size
3,356 SF
Asset Type
—
Closing
Sep 16, 2017
About this deal
AI
The retail property located at 7 Hubert Street in Manhattan, New York has been sold in a closed transaction. The property, with an address in the bustling city, was sold for a price of $3,200,000. The asset type of this property is retail, making it an attractive investment opportunity in the lucrative Manhattan market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,200,000
- Address: 7 Hubert Street
- City: New York
- Market: Manhattan
The seller of the property was Kang Young Eun. On the other hand, the buyer of the property was Kinsmen Property Group, represented by Ari Zagdanski.
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