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239 West 26th Street, Manha...

Po-Ching Wu Acquires Mixed-use Property In Chelsea For $3.7M
SOLDMixed-use

Po-Ching Wu Acquires Mixed-use Property In Chelsea For $3.7M

239 West 26th Street, Manhattan, New York, NY, USA

$3,700,000

$711/SF

Building Size

5,200 SF

Asset Type

Mixed-use

Closing

Apr 25, 2021

AI

Located in Chelsea, the mixed-use property at 239 West 26th Street has been sold. The transaction took place on April 26, 2021, with a sale price of $3,700,000. The property spans 5,200 square feet and was listed at an asking price of $3,700,000, resulting in a price per square foot of $711. The buyer of the property is Po-Ching Wu, while the seller is Chantal Chapoteau. The sale was facilitated by Anthony Celifarco from Prime Real Estate Partners.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $3,700,000
  • Address: 239 West 26th Street
  • Market: Chelsea
  • Buyer: Po-Ching Wu
  • Seller: Chantal Chapoteau
  • Broker: Anthony Celifarco - Prime Real Estate Partners

Anthony Celifarco from Prime Real Estate Partners was able to secure a full price offer for this fully rent-stabilized mixed-use property within 48 hours of receiving the listing.

Players

Anthony Celifarco

Broker

$23M

vol

6 deals

Broker

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

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93