John Sutter Sells Retail Condo At 515 Canal St. In Hudson Square For $5.6M With Brent Glodowski - Avison Young
515 Canal Street
$5,600,000
$1,203/SF
Building Size
4,654 SF
Asset Type
Condo
Closing
Aug 1, 2022
About this deal
AI
A retail condo located at 515 Canal St. in Hudson Square, Manhattan has recently been sold for a price of $5,600,000. The property spans approximately 4,654 square feet, resulting in a price per square foot of $1,203.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $5,600,000
- Address: 515 Canal St.
- Market: Hudson Square, Manhattan
- Seller: John Sutter
- Broker: Brent Glodowski - Avison Young
The deal was facilitated by Brent Glodowski from Avison Young, representing the seller, John Sutter, in the transaction.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $5.6M for 4,654 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93