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
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