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119 Chambers Street

Ruifeng Yang Acquires Retail Property On Chambers Street, Tribeca
SOLDRetail

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

Brandon Polakoff

Avison Young

Broker

$1.8B

vol

124 deals

Broker

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