Retail Condo Sold For $3,000,000 With Seller's Rep Michael Gembecki Bobby Carrozzo Robert Burton
140 West 22nd Street
$3,000,000
$714/SF
Building Size
4,200 SF
Asset Type
Retail
Closing
Jun 16, 2026
About this deal
AI
A retail condo located at 140 West 22nd Street in the Chelsea market was sold for $3,000,000. The property encompasses 4,200 square feet, resulting in a price per square foot of $714. The asset was sold vacant and will serve as the buyer's NYC flagship store.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Square Footage: 4,200
- Price Per Square Foot: $714
- Address: 140 West 22nd Street
- Market: Chelsea
- Seller's Rep: Michael Gembecki & Bobby Carrozzo & Robert Burton - Cushman & Wakefield
The C&W Team reported significant user activity for the property prior to the sale. The buyer intends to occupy the space for their flagship operations in New York City, highlighting the intended use of the retail condo.
On the Map
$3,000,000
$714/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Deal FAQ
About $714 per square foot on a published $3M for 4,200 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93