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Michael Weitzman Of Double U Realty Acquires Retail Condo From Johnny P. McCarthy For $5.8M
SOLD
$5,800,000
New York
See Similar DealsRetail7,556 SF
Sold
SOLD
Michael Weitzman Of Double U Realty Acquires Retail Condo From Johnny P. McCarthy For $5.8M
110 7th Avenue
See Similar DealsRetail7,556 SF
Sold
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$767
Total Square Footage:7556 SF
Transaction Type:Sale
A ground-floor retail condo at 110 7th Avenue in Chelsea, Manhattan has been sold for a price of $5,800,000. The property comprises a total area of 7,556 square feet, resulting in a price per square foot of $768. The retail asset is currently leased to Williams Sonoma.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,800,000
- Address: 110 7th Avenue
- Market: Chelsea, Manhattan
- Square Footage: 7,556
- Price per Square Foot: $768
- Buyer: Michael Weitzman - Double U Realty
- Seller: Johnny P. McCarthy - HUBB NYC
Michael Weitzman from Double U Realty represented the buyer in this transaction, while Johnny P. McCarthy of HUBB NYC represented the seller. This transaction occurred on December 22, 2025.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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