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Anna M Panagoda & Davesham W Panagoda Acquire Retail Property In Chelsea For $5.56M
SOLD
$5,556,000
New York
See Similar DealsRetail8,985 SF
Sold 10/10/2025
SOLD
Anna M Panagoda & Davesham W Panagoda Acquire Retail Property In Chelsea For $5.56M
122 West 29th Street
See Similar DealsRetail8,985 SF
Sold 10/10/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$618
Total Square Footage:8,985 SF
Transaction Type:Sale
The retail property located at 122 West 29th Street in Chelsea, Manhattan, was sold for $5,556,000. The building encompasses a total square footage of 8,985 and has a price per square foot of $618. The transaction involved the mixed-use aspect of the property.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,556,000
- Address: 122 West 29th Street
- Market: Chelsea, Manhattan
- Asset Square Footage: 8,985
- Price Per Square Foot: $618
- Buyer: Anna M Panagoda & Davesham W Panagoda - Print City Corp
- Seller: Sharon Duong
Print City Corp., represented by 122 West 29 Realty LLC, acquired the property from Sharon Duong’s 122 West 29 LLC. This transaction highlights the involvement of specific parties in the transfer of ownership within the retail market segment.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$296,320.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,739.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,338.27
Annual Debt Service$316,059.29
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