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136 West 3rd Street

Comedy Cellar Acquires Retail Property In Greenwich Village From McDonald's Corporation For $7.3M
SOLDMultiFamily

Comedy Cellar Acquires Retail Property In Greenwich Village From McDonald's Corporation For $7.3M

136 West 3rd Street

$7,300,000

$1,420/SF

Building Size

5,141 SF

Asset Type

MultiFamily

Closing

Mar 17, 2023

AI

The retail property located at 136 West 3rd Street in Greenwich Village has been sold for a price of $7,300,000. Spanning across 5,141 square feet, this asset was acquired by Comedy Cellar, represented by Noam Dworman. The seller of the property was the McDonald's Corporation. The deal was facilitated by the brokers Daniel Kaplan and Justin Arzi from CBRE.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,300,000
  • Address: 136 West 3rd Street
  • Market: Greenwich Village
  • Buyer: Comedy Cellar - Noam Dworman
  • Seller: McDonald's Corporation
  • Brokers: Daniel Kaplan & Justin Arzi - CBRE
  • Size: 5,141 square feet
  • Price per Square Foot: $1,420

Comedy Cellar, owned by Noam Dworman, successfully purchased the retail property situated at 136 West 3rd Street in Greenwich Village. The property spans over 5,141 square feet and was acquired for a price of $7,300,000 at a rate of $1,420 per square foot. The deal was facilitated by CBRE brokers, Daniel Kaplan and Justin Arzi.

Players

Justin Arzi

CBRE

Broker

$1.2B

vol

39 deals

Broker
MC
Mcdonald's CorporationSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93