Jane McVerry & Jian Chun Zheng Close $5.27M Retail Sale In Tribeca, Manhattan
SOLD
$5,270,000
New York
See Similar DealsRetail6,558 SF
Sold 06/05/2024
SOLD
Jane McVerry & Jian Chun Zheng Close $5.27M Retail Sale In Tribeca, Manhattan
112-114 Hudson Street
See Similar DealsRetail6,558 SF
Sold 06/05/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$803
Total Square Footage:6,558 SF
Transaction Type:Sale
The retail property located at 112-114 Hudson Street in Tribeca, Manhattan, was recently sold for $5,270,000.00. Spanning 6,558 square feet, the property was transacted at a price per square foot of $804.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $5,270,000.00
- Address: 112-114 Hudson Street
- Market: Tribeca, Manhattan
- SF: 6,558
- PPSF: $804
- Buyer's Rep: Jian Chun Zheng - Winzone Realty HomeInc.
- Seller's Rep: Jane McVerry - Sinvin Realty
The deal was facilitated with Jian Chun Zheng of Winzone Realty Home Inc. representing the buyer, and the seller was represented by Jane McVerry from Sinvin Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$281,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,723.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,982.49
Annual Debt Service$299,789.86
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