Leslie Granger Acquires Retail Property In Chelsea For $7.68M
SOLD
$7,680,000
New York
See Similar DealsRetail10,098 SF
Sold 11/06/2020
SOLD
Leslie Granger Acquires Retail Property In Chelsea For $7.68M
152 W 24th St, Manhattan, New York, NY, USA
See Similar DealsRetail10,098 SF
Sold 11/06/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$760
Total Square Footage:10,098 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$409,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,285.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,407.12
Annual Debt Service$436,885.42
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