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7 Hubert St, New York, NY 1...

Kinsmen Property Group Acquires Retail Property On 7 Hubert Street In Manhattan For $3.2M
SOLD

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

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.

Players

Raphael De Niro

Douglas Elliman

Broker

$27.8M

vol

4 deals

Broker

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