Ruifeng Yang Acquires Retail Property On Chambers Street, Tribeca
119 Chambers Street
$2,500,000
$1,542/SF
Building Size
1,621 SF
Asset Type
Retail
Closing
Sep 19, 2023
About this deal
AI
A retail property located at 119 Chambers Street in Tribeca, Manhattan has been sold for a price of $2,500,000. The property spans across 1,621 square feet, resulting in a price per square foot of $1,542.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 119 Chambers Street, Tribeca, Manhattan
- Square Footage: 1,621
- Price Per Square Foot: $1,542
The buyer of the property is Ruifeng Yang. The transaction was facilitated by Brandon Polakoff, Brent Glodowski, and Edward Nelson, who are brokers from Avison Young.
On the Map
$2,500,000
$1,542/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93