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
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.
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