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805 9th Avenue, Manhattan, ...

Aetna Realty Acquires Hell's Kitchen Retail Condo On Ninth Ave For $3M
SOLDMixed-use

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

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:

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.

Players

Charlie Gravina

Cushman & Wakefield

Broker

$280.6M

vol

21 deals

Broker
AR
Aetna RealtyBuyer

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93