Cushman & Wakefield Brokers Facilitate $20.75M Mixed-Use Sale In Chelsea
363 West 16th Street, Manhattan, New York, NY, USA
$125,600,000
$427/SF
Building Size
293,641 SF
Asset Type
Mixed-use
Closing
Jun 6, 2021
About this deal
AI
The mixed-use property located at 108-110 9th Avenue in Chelsea has been sold for a total of $20,750,000. The transaction took place on November 22, 2022. The property spans a total area of 22,617 square feet, resulting in a price per square foot of $917.
Summary of transation details
- Property Type: Mixed-Use
- Transaction Amount: $20,750,000
- Address: 108-110 9th Avenue
- Market: Chelsea
- Brokers: Bobby Carrozzo, Michael Gembecki & Robert Burton - Cushman & Wakefield
The deal was facilitated by Bobby Carrozzo, Michael Gembecki, and Robert Burton from Cushman & Wakefield. They served as brokers representing the parties involved in the sale.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93