Aetna Realty Acquires Hell's Kitchen Retail Condo On Ninth Ave For $3M
805 9th Avenue, Manhattan, New York, NY, USA
$3,000,000
$1,621/SF
Building Size
1,850 SF
Asset Type
Mixed-use
Closing
Oct 6, 2021
About this deal
AI
A retail condo located at 805 Ninth Ave in Hell's Kitchen was sold on October 6, 2021. The property, spanning 1,850 square feet, was sold for $3,000,000, resulting in a price per square foot of $1,622.
Summary of Transaction Details:
- Property Type: Retail Condo
- Transaction Amount: $3,000,000
- Address: 805 Ninth Ave
- Market: Hell's Kitchen
- Buyer: Aetna Realty
- Seller: Asher Dardashian
- Buyer's Representative: James Famularo - Meridian Retail Leasing
- Seller's Representatives: Andrew Berry & Charlie Gravina - Cushman & Wakefield
The property, a retail condo, was purchased by Aetna Realty from seller Asher Dardashian. The deal was facilitated by James Famularo from Meridian Retail Leasing, representing the buyer, and Andrew Berry and Charlie Gravina from Cushman & Wakefield, representing the seller.
On the Map
$3,000,000
$1,621/SF
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Charlie Gravina to view all their deals.
Browse New York mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93