Daniel Yi Acquires 156 West 29th Street Mixed-Use Property In Chelsea For $6.3M
$6,300,000
$823/SF
Building Size
7,654 SF
Asset Type
Mixed-use
Closing
May 17, 2024
AI
The mixed-use property located at 156 West 29th Street in Chelsea, Manhattan was recently sold for $6,300,000. The property spans 7,654 square feet, translating to a price per square foot of $823. The transaction took place on 05/17/2024, with Cushman & Wakefield representing both the buyer, Daniel Yi, and the seller, AJA Family.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $6,300,000
- Address: 156 West 29th Street
- Market: Chelsea, Manhattan
- Square Footage: 7,654
- Buyer: Daniel Yi
- Seller: AJA Family
- Brokers: John Ciraulo, Craig Waggner & Jack Stephen - Cushman & Wakefield
John Ciraulo, Craig Waggner, and Jack Stephen from Cushman & Wakefield played pivotal roles in facilitating the successful deal. Their expertise and negotiation skills were instrumental in bringing together the buyer and seller for the property transaction at 156 West 29th Street. This sale marks a significant transaction in the bustling real estate market of Chelsea, Manhattan.
Players
Market 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93