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152 W 24th St, Manhattan, N...

Leslie Granger Acquires Retail Property In Chelsea For $7.68M
SOLDRetail

Leslie Granger Acquires Retail Property In Chelsea For $7.68M

152 W 24th St, Manhattan, New York, NY, USA

$7,680,000

$760/SF

Building Size

10,098 SF

Asset Type

Retail

Closing

Nov 5, 2020

AI

The retail property located at 152 W. 24th St. in Chelsea has been sold in a recent transaction. The property is zoned M1-6 and offers a total building square footage (BSF) of 24,690. The price per square foot (PPSF) is $311, resulting in a sale price of $7,680,000. The property spans a total area of 10,098 square feet, with a price per square foot (PPSF) of $760.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,680,000
  • Address: 152 W. 24th St.
  • Market: Chelsea
  • Zoning: M1-6

The buyer of the property is Leslie Granger, while the seller is McSam Hotel Group, represented by Sam Chang. The deal was facilitated by Joe Genovese from Lee Odell Real Estate.

Players

Joe Genovese

Broker

$42.3M

vol

4 deals

Broker
Sam Chang

Sam Chang

McSam Hotel Group

Seller

$1.5B

vol

25 deals

Seller

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

2.07%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93