Ruifeng Yang Acquires Retail Property On Chambers Street, Tribeca
SOLD
$2,500,000
New York
See Similar DealsRetail1,621 SF
Sold 09/19/2023
SOLD
Ruifeng Yang Acquires Retail Property On Chambers Street, Tribeca
119 Chambers Street
See Similar DealsRetail1,621 SF
Sold 09/19/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,542
Total Square Footage:1,621 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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